Famous Swiss watchmakers may not have movements to put in their timepieces after a ruling by the country's competition watchdog
ZURICH - Swatch will be blocked from selling some parts to watchmakers, ranging from Richemont’s Cartier to Chopard and Breitling, from next year in an escalation of a row between the world’s biggest watchmaker and Switzerland’s competition regulator.
The anti-trust action could compound the problems facing Swiss watchmakers, with competition from smartwatches rising and demand in the key market of Hong Kong, slowing. The agency made an exception for small and mid-sized companies which are customers of ETA, which is one of the biggest suppliers of watch movements and owned by the group best known for its colorful plastic watches.
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