Swatch Group free to supply watch movements, says Swiss watchdog

The decision resolves a year-long tussle between the world’s biggest watchmaker and its main competitor in mechanical watch movements, Sellita.Alternative suppliers for mechanical watch movements – the tiny mechanisms that make timepieces tick without a battery – had emerged since 2013, WEKO said in a statement, but Swatch Group’s movement unit ETA was dominant because of its production capacity.คำพูดจาก สล็อตเว็บตรง

Swatch Group said it had taken note of the decision.Sellita head Miguel Garcia said it was important that ETA was still seen as dominating the market as that meant it had to abide by competition laws.Shares in Swatch Group rose 6.5% by 1500 GMT, …