Frequently Asked Question
The most common questions about Swatch Baselworld Watches
Why did Rolex pull out of Baselworld?In the announcement signed by representatives of all five brands, the departing brands cited the “unilateral decisions taken by the management of Baselworld, including the postponement of the Fair in January 2021, as well as its inability to meet the expectations and needs of brands” as reasons for their withdrawal.Apr 14, 2020
What happened swatch?Swatch Group, owner of some of the world's best-known watch brands such as Omega, Longines and Tissot, was hit by Covid-19 related factors such as enforced worldwide lockdowns; a lack of Chinese shoppers and travelers—a vital consumer group for watches; and the strengthening Swiss franc.Jul 15, 2020
Does Swatch own Rolex?Yes indeed, there are still a few exceptional and outstanding independent brands such as Rolex, Breitling, Audemars Piguet and Patek Philippe, but the Swiss watch industry at large relies on Swatch Group's manufacture and production.
Is Omega under Swatch Group?The Swatch Group Ltd was founded in 1983, by Nicolas G. ... Breguet, Harry Winston, Blancpain, Glashütte Original, Jaquet Droz, Léon Hatot, Omega, Longines, Rado, Union Glashütte, Tissot, Balmain, Certina, Mido, Hamilton, Swatch and Flik Flak.
Why are brands leaving Baselworld?The watch community learned Tuesday morning that the fair's anchor brands were leaving. ... According to the press release, the brands had decided to leave the fair because of decisions made by Baselworld show management as to the show's postponement and options for reimbursement of exhibitors.Apr 15, 2020
What happened to Baselworld?Sales plummeted as global economies were hit hard and physical retail locations were forced to temporarily close their doors, and perhaps the biggest casualty of all came in the form of Baselworld: the once-iconic watch fair that went from being the industry's leading event to total cancellation.Feb 11, 2021