Can Swatch recapture the MoonSwatch magic with its own take on the mighty Audemars Piguet Royal Oak? Swatch is planning a collaboration with Audemars Piguet, expected to be one of the most significant and talked-about watch releases of the year. Swatch began teasing the tie-up last week with social media posts featuring the distinctive font associated with AP's iconic Royal Oak model and the words 'Royal' and 'Pop.' That led to hordes of speculation online that the brand was preparing a collaboration with AP. And then, over the weekend, the two marques confirmed that indeed they would be releasing the new product on May 16.  Many Swatch boutiques, including its main store in Geneva, are displaying boxes or chests (presumably holding the watch models) promoting the new Royal Pop collab, in much the same way they did with the Omega and Blancpain collaborations ahead of the launches.  An Audemars Piguet X Swatch chest in the window at a Swatch boutique in Geneva.…