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LVMH's share priced dropped by 5% on Monday as a surge in Coronavirus cases was reported in Italy. Swatch Group and Richemont were down by similar percentages.
Management regrets loss of Bulgari but says Baselworld is recording growth in all sectors and expecting 80,000 visitors.
A fledgling event in Dubai could be a template to rival the once mighty Swiss watch fairs.
Swatch Group gets thrifty, LVMH splurges, Rolex and Patek stick with Baselworld, Richemont returns to Watches & Wonders, while Breitling and Audemars Piguet go their own way.
CEO Ricardo Guadalupe will push Hublot watches to market many months earlier than rivals like Rolex and the Richemont brands.
Bulgari CEO says Dubai event will be the first of many and signals this year's Baselworld may be its last.
Global gathering, which begins in the United Arab Emirates on Monday, goes ahead despite tit-for-tat attacks in Iraq.
Since retiring, Jean-Claude Biver now tours the world acting as an ambassador for the entire Swiss watch industry, which he feels has the potential to double in size over the next 20 years. Hot from handing Mr Biver a Lifetime Achievement Award at this year’s WatchPro Awards, Rob Corder caught up with the inspirational leader at Dubai Watch Week for a chat.
Mr Biver, freed from his daily responsibilities running LVMH's Watchmaking Division, now tours the world as an ambassador for the entire Swiss watch industry.
Rumours that Swiss watch business legend is in the market to buy another watch brand quashed during Dubai Watch Week forum.