Since this press conference, it has now hit me too. I have also been coughing recently... this dry, somewhat annoying cough.
Now it's definitive. Rolex, Patek Philippe, Chopard, Chanel and Tudor, all gone. Baselworld is losing its most important brands and is on the verge of collapse. The Corona crisis only delivered iran rcs data the final blow, exposing the misery that has been looming for over five years.
What are the chances of success for a Baselworld 2021 without top brands? In my opinion, exactly zero percent. The once proud leading trade fair for the watch and jewelry industry: dead. The personnel changes at the trade fair operator MCH will not be long in coming. The problems were manifold, three points are worth highlighting.
Firstly, the arrogance of the trade fair management, which exploited its monopoly position for years and did not understand the enormous changes in the luxury sector. Shorter collection intervals, the trend towards Asia, communication. All of this has changed the sector permanently. Instead, new halls were built. Secondly, the famous Swiss culture of consensus, where disagreements and failures that have grown over the years are swept under the carpet. This has led to Baselworld always lagging behind developments instead of taking action. Thirdly, Basel itself has not developed enough. Watches, jewellery and art are the glittering industries in the world's metropolises. A medium-sized city with just one five-star hotel, too few restaurants and high-end venues can no longer keep up.