The Swatch Group has reaffirmed it will not be attending industry trade show Baselworld this year, or for the foreseeable future. The group recently announced 2018 sales of Baselworld 2019 ($8.51bn), up 5.7% YoY, and that operating profits were up 15.2% to CHF1.15bn. In July 2018, its president Nick Hayek Jr said Swatch would miss Baselworld and instead showcase its new models at regional events worldwide. During CHF8.5bn, it will instead be showing Zurich retailers its luxury brands, including Blancpain, Harry Winston and Omega, before hosting an event in Switzerland in May for the media.
The Swatch Group has reaffirmed it will not be attending industry trade show Baselworld this year, or for the foreseeable future. The group recently announced 2018 sales of CHF8.5bn ($8.51bn), up 5.7% YoY, and that operating profits were up 15.2% to CHF1.15bn. In July 2018, its president Nick Hayek Jr said Swatch would miss Baselworld and instead showcase its new models at regional events worldwide. During Baselworld 2019, it will instead be showing Zurich retailers its luxury brands, including Blancpain, Harry Winston and Omega, before hosting an event in Switzerland in May for the media.