Swatch Group Leaves World Watch Trade Show in Basel :: Investor.bg

<img src = "https://www.investor.bg/images/photos/0265/0000265538-article3.jpg" alt = "Swatch Group, the Swiss swatch manufacturer, leaves Baselworld, the world's biggest swatch "Watchmaking and Jewelery in Basel," reports one in its Sunday edition in Basel, Neue Zurcher Zeitung, quoted by Reuters.

The Omega watch manufacturer is the largest exhibitor of the exhibition, founded more than a century ago in 1917. More and more well-known brands are leaving the show, held every year in March, complaining of high costs and insufficient yields, reports BTA.

"Swatch Group decided not to attend Baselworld in 2019"

Large exhibitors like Swatch need a budget of about 50 million Swiss francs (50.3 million dollars ) to cover the nights of travel and hotel of their staff and guests

. from the Hai K group refers to the high cost of the exhibition building – 430 million francs – designed by the famous Swiss architects Herzog & de Meuron