Posted inLEAD STORY
ETA hopes for leeway on phasing out of movement supply
Swatch Group has announced that Weko, the Swiss Competition Commission, is reviewing whether there’s wiggle room within the 2013 agreement between the two parties to phase out the provision of mechanical movements by Swatch Group’s subsidiary, ETA. Swatch Group is believed to be lumbered with a huge excess of movements in light of the downturn […]