Switzerland’s antitrust regulator said it will allow the largest manufacturer of watch components for Swiss watches to reduce shipments of mechanical watch movements to rival watch makers. Comco announced Friday that it will permit Swatch Group AG to reduce the shipments starting in 2014 down to 75 percent of the level it was in 2010. Further, the antitrust regulator said it would renegotiate the deal made with Swatch, which originally would have ended the sale of all watch parts by 2025. Swatch was originally required to supply the watch parts to competing timepiece manufacturers due to its market dominance.
Full Content: Bloomberg
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