Swatch Deal

Discussion in 'Wall St. News' started by dealmaker, Dec 19, 2019.

  1. dealmaker

    dealmaker

    Swatch Deal

    Switzerland's antitrust regulator has banned Swatch—the world's biggest watchmaker—from selling watch movements to other large companies, from January 1 to sometime in mid-2020, when the watchdog (pardon the pun) will make a final decision on a long-running competition case. This is bad news for Swatch and big-name customers such as Richemont, Chopard and Breitling. Bloomberg
     
  2. Cuddles

    Cuddles

    I'm not sure I understand what the issue here is. Swatch is about the only big house outside Japan or China making movements. Are they under pricing the other Swiss houses so severely they can't compete?
     
  3. ETJ

    ETJ

    Holding Valjoux and ETA movements off the market intentionally.