Rolex, Patek Philippe, Chanel, Tudor and Chopard Depart Baselworld

In a surprise announcement, five major watch brands have pulled out of the annual Baselworld convention, Hodinkee reported. Rolex, Patek Philippe, Chanel, Tudor and Chopard aren't merely departing the event, but they're seeking to create their own.Watch aficionados with an ear to the ground may have foretold rumblings of an industry shake-up. Recent events key to the announcement include Rolex, Tudor and Patek Philippe's simultaneous postponement of their 2020 product rollout and Rolex executive...