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2022 Baselworld will no longer take place, which is the third annual show that has been cancelled in a row.
2022 Baselworld will no longer take place, which is the third annual show that has been cancelled in a row.

More turmoil at Baselworld; show cancelled, managing director resigns

As if the chaos and confusion surrounding Baselworld over the past two years has not been enough, the show's organiser MCH Group has announced the cancellation of the Spring 2022 event, scheduled for 30 March -5 April.

A brief media statement issued on 12 November (European time) on the MCH Group website stated: “Baselworld organisers have decided to take more time for the launch of the new concept. Baselworld, scheduled for spring 2022, will therefore not take place.”

The move has also triggered a decision by Baselworld’s managing director Michel Loris-Melikoff to leave the company.

Beat Zwahlen, CEO MCH Group
Beat Zwahlen, CEO MCH Group
"The conclusion is that the market exists for a B2B2C platform that brings together medium-sized and specialised manufacturers with independent retailers. But their needs must be analysed in more detail. This means we need to have significantly more time to get there."
Beat Zwahlen, MCH Group

The announcement is sure to surprise the international watch and jewellery industry given that only five months ago MCH declared that the newly invented name – HourUniverse  – created to re-launch the show after years of turmoil, had been scrapped in favour of returning to the original ‘Baselworld’ brand.

On 23 June this year, a media statement announced: “Baselworld was held for the last time in 2019. Now it is back in March-April 2022, and it will be very different.

“Instead of focusing on the spectacular appearance of luxury brands in the watch, jewellery and gemstone sector, the new Baselworld will primarily be a B2B platform in the mid-range luxury segment. The future concept combines trends in the experience marketing market with the needs of the entire community in the mid-and high-end segment of the watch, jewellery and gemstone industry.”

However, less than five months later, Beat Zwahlen, CEO MCH Group said, “Over the past few months, we have studied in detail our watches, jewellery and gems ecosystem and gained important insights from discussions with major industry representatives.

"The conclusion is that the market exists for a B2B2C platform that brings together medium-sized and specialised manufacturers with independent retailers. But their needs must be analysed in more detail. This means we need to have significantly more time to get there.”

» A complete timeline: The rise, fall and resurrection of Baselworld 

The 12 November media statement explained that the decision to cancel the 2022 event was “based on the one hand on the experience gained from the Pop Up Event at the Geneva Watch Days and on intensive discussions with manufacturers and retailers.

"On the other hand, it takes into account the fact that it is particularly difficult to launch a new concept for a new target segment due to the renewed aggravation of the COVID situation and the associated uncertainty among customers.”


Sylvie Ritter
Former managing director

Michel Loris-Melikoff
Outgoing managing director

It also added that Michel Loris-Melikoff managing director “has decided to leave the company and take on a new challenge.”

Loris-Melikoff joined the management team of Baselworld in 2018 following the resignation of Sylvie Ritter, who had been managing director of Baselworld for 15 years. Ritter quit in May, after the 2018 edition of the show.

Michel Loris-Melikoff was named as her successor and assumed the position of managing director on 1 July.

“In a short period of time, he [Loris-Melikoff] managed to gain access to the industry and win its respect,” the media statement explained. “He initiated and helped shape the necessary transformation and repositioning of Baselworld. The MCH Group regrets his decision. It thanks him for his tireless commitment and wishes him all the best for his future engagements.”

Due to the global COVID-19 pandemic, it means that only one event had taken place in the three years of Loris-Melikoff's management. 

Historical Perspective
The rise, fall and resurrection of Baselworld - A timeline

More reading
Baselworld managing director resigns – May 2018
An unexpected opportunity to resolve the Swiss watch industry's problems – Mar 2019
Back to basics: Baselworld confronts home truths – Nov 2019
Baselworld loses another Japanese watch brand – Dec 2019
LVMH reviews Baselworld participation; 15 new brands sign-on – Jan 2020
Baselworld 2020 cancelled – Feb 2020
Uproar: Baselworld exhibitors demand full refund – Apr 2020
EXCLUSIVE: Baselworld managing director responds to second cancellation – May 2020
Watch fairs – European COVID flare-up brings 2021 Geneva cancellations – Nov 2020
Baselworld resurrected, HourUniverse defunct; new dates confirmed – Jun 2021
Life, death, and resurrection: Baselworld survives an execution – Jul 2021
Locked-down world of watches emerges from isolation – Nov 2021


Stock Price

MCH Group is listed on SIX Swiss Exchange, Switzerland's principal stock exchange, based in Zurich.
 

MCH Group
MCH Group's share price has plummeted in the past 5 years; trading at CHF 71 in May 2017, it traded at CHF 11.30 on 12 November 2021.

The past year has not been kind to MCH. The share price fell on 12 November and closed at 11.30, near its low of 10.72 in April 2020.
The past year has not been kind to MCH. The share price fell on 12 November and closed at 11.30, near its low of 10.72 in April 2020.

 

Baselworld's Instagram Update

 











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