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joeshoup
·I dunno if anyone's been following this story, but it seems like the Swiss regulator has forbidden Swatch from selling movements to competing brands, at least for now: https://www.reuters.com/article/us-swatch-competition-idUSKBN1YN1J6
Reuters reports this morning:
It's sounds as if the regulator is trying to give Sellita, Ronda, and STP opportunity to develop more market share in finished movements, while still compelling Swatch to sell parts to competitors.
Anyone have some back story on this case? It seems like there is a long history of regulation here that's getting quite compressed in the article.
Reuters reports this morning:
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.
It's sounds as if the regulator is trying to give Sellita, Ronda, and STP opportunity to develop more market share in finished movements, while still compelling Swatch to sell parts to competitors.
Anyone have some back story on this case? It seems like there is a long history of regulation here that's getting quite compressed in the article.
