Around the Web: Bloomberg – Swatch Says Baselworld Pullout Is Permanent as Watch Fairs Wilt

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Baselworld is right around the corner, and this year’s fair is sure to be closely watched by many, and not just for new watch releases. This is slated to be a dramatically smaller fair than in years past (in terms of exhibitors), and perhaps the most notable absence will be that of the Swatch Group brands. In a statement this morning to the press following the release of the group’s Annual Report, CEO Nick Hayek made it clear that the group has no plans to return, and is looking ahead to a landscape where these fairs play a less important role. 

See the report from Bloomberg here.

Zach is a native of New Hampshire, and he has been interested in watches since the age of 13, when he walked into Macy’s and bought a gaudy, quartz, two-tone Citizen chronograph with his hard earned Bar Mitzvah money. It was lost in a move years ago, but he continues to hunt for a similar piece on eBay. Zach loves a wide variety of watches, but leans toward classic designs and proportions that have stood the test of time. He is currently obsessed with Grand Seiko.
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