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Swatch Group gets thrifty, LVMH splurges, Rolex and Patek stick with Baselworld, Richemont returns to Watches & Wonders, while Breitling and Audemars Piguet go their own way.
Nick Hayek says he will limit supply to 400,000 units per year, ensuring that the movement market remains efficient and competitive.
Statement reveals the fury of Swatch Group at COMCO's decision to further limit sales of ETA movements from 2020.
“It is absurd and unacceptable, given the new situation, that COMCO is now completely prohibiting ETA from supplying its customers with movements," Swatch Group asserts.
Last week the Swiss Competition Commission (Weka) announced that it is preparing to ban Swatch Group from selling ETA movements to third parties in 2020.
The remarkable thing is that the two companies had managed to rub along together for so long.
Swatch Group has decided to let the watch and jewellery licensing agreement with Calvin Klein end at its date of expiration, citing "recent turbulence".
Europeans account for just 14% of global sales and North Americans a mere 9%, according to RBC Capital Markets.
240 meter long structure is one of the world’s largest timber buildings. The snake-like construction is 35 meters wide and 27 meters from floor to ceiling at its highest point.
Sales in Hong Kong and Macau are being displaced to other markets including Europe and the United States, suggests private equity firm RBC.