Business News: Baselworld Responds To Rolex, Other Major Brands’ Plans To Exit

Reading the above statement, a couple of things jump out. First, Baselworld maintains that the current proposed date of its next fair, in January 2021, was defined jointly with the leading exhibitors, including Rolex, and was met with a positive response. This is obviously at odds with what Rolex and the other four brands leaving Baselworld for Geneva said in their joint statement earlier today. 

Second, MCH Group has concluded that because a potential move to Geneva was never broached during many discussions with the brands, the plan has been in discussion well prior to today’s announcements. It argues that the discussions relating to financial relationships between the show and exhibitors are now being used to justify today’s announced decision when, in fact, plans have been under discussion for some time.

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