Posted inNEWS
Reuters claims Richemont has signed watch movements deal with Swatch
Luxury watchmaker Richemont has reportedly inked a deal to buy mechanical watch movements from Swatch Group from 2020, according to Reuters. The news organisation did not quote officials from either company but said that “sources close to the matter” confirmed the agreement yesterday. The report gave few details, but noted that Swatch’s obligation to supply […]