The MCH Group has taken the decision to not hold Baselworld 2021 that was originally planned for January 28 to February 2, 2021
The saga of this year’s Baselworld has finally reached its inevitable conclusion. Following the departure of Rolex, Patek Philippe, Chanel, Chopard and Tudor—who have announced they would form their own show in Geneva—and also of the LVMH Group earlier this year, Baselworld’s parent company, the MCH Group, announced that it will not hold Baselworld 2021.
Previously, the world’s largest and oldest watch and jewelry trade fair was scheduled to be held in April 2020, but was rescheduled to January 28 to February 2, 2021 due to the coronavirus pandemic. Now, together with the Swiss Exhibitors’ Committee, the MCH Group and representatives of the exhibitors at Baselworld have reached a settlement for the cancelled Baselworld 2020.
“We are pleased to have worked together and, in just a short time, found a solution that is acceptable to everyone,” explained the MCH Group’s CEO, Bernd Stadlwieser. “In the light of the large loss of revenue due to COVID-19 and our responsibility to all our stakeholder groups, this solution marks the limit of what is possible for us. With the amicable settlement for Baselworld 2020, we can now concentrate fully on the future.”
In addition, Baselworld’s Managing Director Michel Loris-Melikoff also stated that together with the exhibitors and visitors, the fair is working intensively on clarifying and discussing the requirements and options for new platforms. “We will be taking a decision on possible follow-up formats by the summer and will then provide information on the new concept and scheduling,” Melikoff noted.
More importantly, this decision has been unanimously approved by the Comité Consultatif and also supported by industry associations. “I welcome the constructive attitude of the representatives of the MCH Group, which has enabled us to find a balanced solution,” said Hubert J. du Plessix, President of the Swiss Exhibitors’ Committee. “I would also like to thank Patek Philippe, Rolex, Tudor, Chanel, Chopard, Hublot, Zenith and TAG Heuer, who, in a spirit of solidarity with the sector as a whole, have agreed to a lower refund so that the other exhibitors can benefit from better conditions.”
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