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​Swiss authority maintains settlement with Swatch over watch mechanisms

( October 27, 2016, 09:26 GMT | Official Statement) -- MLex Summary: The Swiss competition authority has said it has maintained a settlement with Swatch. Under the agreement, Swatch unit ETA is obliged to supply watch mechanisms, but it can gradually reduce supplies to other watchmakers until 2019. The authority has rejected Swatch’s request to amend the settlement, saying it couldn’t find significant changes in the market conditions that would have justified the amendments.WEKO – Einvernehmliche Regelung mit Swatch bleibt bestehen...

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