Swatch Group withdraws from the Basel World's Fair

The Swiss watchmaker Swatch has decided to withdraw from the Basel World Watch and Jewelery Show, an annual event for 100 years for the sector .

Omega Watch is the world's largest exponent of Basel since 1917, but the exhibition, which takes place in March of each year, sees the withdrawal of more and more. exhibitors due to high cost and insufficient performance . The paper quoted Nick Hayek, CEO of Swatch, citing: Swatch Group decided not to attend the world of Basel from 2019, Swatch Group confirmed the decision in a statement .

A number of Swatch rivals withdrew from Basel's clbad of luxury watches, preferring a rival exhibition in Geneva, but Hayek said traditional annual clocks exhibits were not considered useful in today's more transparent and faster world .

Leading exhibitors like Swatch make a budget of 50 million francs ($ 50.3 million) each year for the Basel World Expo to cover staff travel and accommodation costs and guests . (Return); js = d.createElement (& # 39; script & # 39;); js.id = id; js (19659008) (function (d) {var js, id = facebook-jssdk if (d.getElementById (id)) {return; .async = true; js.src = "http: //connect.facebook.net/ar_AR/all.js#appId=&xfbml=1";d.getElementsByTagName('head')[0].appendChild (js);} (document)); [ad_2]
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