Swiss competition watchdog declines to formally investigate watchmakers


Swiss competition authority WEKO has declined to open a formal investigation into watchmakers over the supply of spare parts for independent watch repair shops.

According to a report from Reuters, WEKO has decided not to look into the likes of Swatch Group, LVMH and Richemont about the matter.

WEKO cited a separate European Commission examination of the same watchmakers that concluded that service after sales agreements were ‘neither unacceptable nor an abuse of market dominance.’

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WEKO said that an EU court has already rejected an appeal of that decision.

In a statement, the competition authority said: “No elements could be identified that would point to a conclusion that would differ from the one arrived at by the EU.”

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Tags : Market DominanceswitzerlandWatchdog
Alex Douglas

The author Alex Douglas