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. WEKO's ban is aimed at preventing Swatch from flooding the market with parts ahead of a final decision on the competitive landscape and Swatch's obligations in mid-2020.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 colourful plastic watches.
A deal struck in 2013 at Swatch's request had it phase out movement deliveries by the end of 2019 and it would have been free to supply whomever it wanted from 2020.
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