(AFX UK Focus) 2010-03-11 13:01 UPDATE 1-Swatch Group in talks to stop supplying rivals (Interactive Investor)
March 11, 2010 by admin
Filed under Branded Watches
ZURICH/BIEL, March 11 (Reuters) – Watchmaker Swatch Group has taken a key step in its plan to stop selling watch components to rivals, potentially undermining the Swiss watch industry by forcing other makers to source parts from Asia. Swatch Group, which supplies the bulk of watch parts to Swiss watchmakers, including Richemont, has started talks with Switzerland’s competition watchdog, Chief …