Swiss body extends Swatch watch components measures
today May 15, 2012
ZURICH - The Swiss competition commission said it will extend measures for Swatch Group to supply mechanical components to competitors through 2013.
"This move was necessary because the lead time for ordering watch components are usually several months, but the probe against Swatch cannot be concluded by mid-year," the competition commission said in a statement on Tuesday.
The regulatory measures form part of a Swiss investigation into Swatch opened last June, probing the relationship Swatch has with competitors it sells watch components to.
The Biel-based luxury goods firm, which is seeking to reduce the proportion of components it supplies to competitors, wasn't available for comment.
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