Swatch Group will be free to supply mechanical watch movements to whomever it wants even though it still has a dominant market position for these essential watch parts, Swiss competition watchdog WEKO said on Wednesday.
) will be free to supply mechanical watch movements to whomever it wants even though it still has a dominant market position for these essential watch parts, Swiss competition watchdog WEKO said on Wednesday.
The decision puts an end to a year-long procedure pitting the world’s biggest watchmaker against its main competitor in mechanical watch movements, Sellita, with the competition authority seeking to ensure fair competition. Under a deal struck in 2013, Swatch Group’s ETA unit had to phase out movement deliveries due to its strong market position, but would have been free to supply parts to whomever it wanted from 2020.
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