Swatch Group Quits Basel World (Reuters)

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+ another 1 - courting the key influencers of taste on a 1 to 1 basis is probably cheaper to do outside of the confines Baselworld, is more effective and already happens anyway.
RJ, TGN Boys , Chris et al - Fingers crossed there’ll now be more marketing budget available that you can get part of.

If the name of the game is brand marketing, then $53million would buy a whole lot of coverage.

Although I don't think the influencer marketing stuff has a positive effect for watch brands in the way they hope.

If I suddenly had $53million spare budget to spend, it would go on 5-10 experiential live events a year - things like the Moonwatch event at the Tate Modern, or the Ladies Vintage event in... Hong Kong (I think?) cover so many bases - you can court press, dealers, customers, celebrities all in one go, on a grand scale.

And for the record, Swatch have never courted me, in any way... if anything, our interactions have often been rather odd. 😒

Case in Point: - at a boutique event in London, a member of Omega's retail staff tried to introduce me to Tom Manger, their UK marketing manager, who looked at my out stretched hand, looked at me, and then turned around and walked away. 🤔
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Point in case: - at a boutique event in London, a member of Omega's retail staff tried to introduce me to Tom Manger, their UK marketing manager, who looked at my out stretched hand, looked at me, and then turned around and walked away. 🤔
 
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Is that because you are deeply in PP’s camp?
😁😉😗
 
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Is that because you are deeply in PP’s camp?
😁😉😗

Various industry people have told me, it's because he's a... silly person. 😗
 
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Various industry people have told me, it's because he's a... silly person. 😗

Ohh makes more sense. Omega marketing is a little crazy....🙄
 
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Ohh makes more sense. Omega marketing is a little crazy....🙄

Epically inconsistent from territory to territory.

But hey, they hire people for “luxury industry” experience rather than any interest or knowledge of watches... so, I am therefore of less than no interest. 😉
 
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No Apple at ces.
No tesla at car shows.
No omega at Baselworld.
Life finds a way.
 
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The world is moving on. These events were always going to suffer competition from the internet, just like a bricks & mortar retailer. $50mil is a lot for one event.
It is unlikely to be brand positioning. Swatch Group has such a plethora, some would have suited BW. Just a value for money decision.
 
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You know it's things like this, that made me wish I had visit Basel World in it's good times, so I can contrast and compare, and actually understand how big the change is.

I was planning a future trip to Switzerland close to Basel World, but at the pace of brands dropping, might not be as enthusiastic about it.
 
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You know it's things like this, that made me wish I had visit Basel World in it's good times, so I can contrast and compare, and actually understand how big the change is.

I was planning a future trip to Switzerland close to Basel World, but at the pace of brands dropping, might not be as enthusiastic about it.

Same here. I was planning to go to this one, but with Omega not in attendance, what's the point? 🙁
 
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Key influencers can be expensive too. Beckham seems to catch $300k per IG post. Ask Rolex/Tudor. And by that he's certainly not the most expensive poster on IG.
 
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Key influencers can be expensive too. Beckham seems to catch $300k per IG post. Ask Rolex/Tudor. And by that he's certainly not the most expensive poster on IG.

Omega seemed to think that hiring Cindy Crawford's kids would be good for an "influencer" gig. Not really sure I get the logic there.
 
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Just in from MCH group - their response to the Swatch Group pullout.

Don't worry folks, they have "numerous new ideas and formats", which include some TV screens, a new food court, and trying to convince Basel hoteliers to stop putting their prices through the roof whenever theres a show on.

There is something rather concerning though, when a press release from the "worlds most important trade show for watches, jewellery, and gemstones" refers to displaying things on LCD screens as "totally innovative".

What a load of hot air, self importance and nonsense.


 
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Just in from MCH group - their response to the Swatch Group pullout.

Don't worry folks, they have "numerous new ideas and formats", which include some TV screens, a new food court, and trying to convince Basel hoteliers to stop putting their prices through the roof whenever theres a show on.

There is something rather concerning though, when a press release from the "worlds most important trade show for watches, jewellery, and gemstones" refers to displaying things on LCD screens as "totally innovative".

What a load of hot air, self importance and nonsense.
Hey now, I hear they're thinking of introducing a "revolutionary new medium for presenting information in 2020...!" called PowerPoint.
::rimshot::
 
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Hey now, I hear they're thinking of introducing a "revolutionary new medium for presenting information in 2020...!" called PowerPoint.
::rimshot::

They've been seen in talks with Clippy. 😉

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Everything these days is blogged and reviewed so much that the brands don't necessarily need the formal "watch press" to show people what they are making as much as they did in the past.
Totally agree. These days a single Hodinkee article is probably just as effective an advertisement as Basel, if not more so. Why spend millions showcasing your collection at Basel when you can just build hype via social media and watch blogs?

It's not just Hodinkee but also with 50 million dollars they can organize a whole lot of local events or exhibitions to show new models they're releasing-- they invite local bloggers, collectors they perceive as influential and who like to post pictures of themselves on Instagram posing with company staff, and voilà.
The day Instagram charges every time a company receives free publicity from individual posts, Facebook regains its lost share value in a minute....

Oops.... Just noticed @tyrantlizardrex also posted something similar. Didn't know about the lady vintage event. Damn, that sounds cool.