Comco releases Swatch Group from its obligations
At the end of 2013, the Competition Commission (Comco) approved a settlement agreement with Swatch Group. This agreement aimed at creating sufficient competition by the end of 2019 for customers to find alternative sources of supply. After the expiry of this deadline, no delivery obligation was to remain. Given the existence of indications that the market for Swiss made mechanical movements was not developing as expected, Comco initiated a review procedure in November 2018. The in-depth examination carried out by the Comco now shows that the market has reacted to the incentives of 2013 and that the conditions of competition have developed as expected. The Comco concludes that no further obligations should be imposed on Swatch Group.