Switzerland’s Comco has extended through 2013 the temporary measures it granted to Swatch. The measures allow Swatch to reduce supplies to third parties by 15 percent of 2010 levels for movements, and 5 percent for components. Comco said that the extra year granted by the extension is to acknowledge that watch companies must order supplies before the competition commission will be able to complete its investigation.
The investigation is to determine whether Swatch, Switzerland’s dominant market player, will be allowed to reduce the supply of watch parts to watchmakers. According to Swatch, some movements end up in counterfeit watches.
Full content: Bloomberg
Related content: Selective Distribution and Luxury Goods: The Challenge of the Internet? (Denis Waelbroeck, Emily Clark & Mat Hughes, Ashurst)
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – China Edition – Year of the Dragon
Apr 16, 2024 by
CPI
Review Logic and Rules for Concentrations of Undertakings that Do Not Meet the Standard of Notification
Apr 16, 2024 by
CPI
China’s Review of Semiconductor Transactions
Apr 16, 2024 by
CPI
Key Challenges and Tips for Merger Control Filing in China for Listed Companies
Apr 16, 2024 by
CPI
Key Point Review: China SPC Antitrust Judgments in 2023
Apr 16, 2024 by
CPI