COMCO: Swatch Group Can Stop Mechanical Movement Sales in 2020
Switzerland's Competition Commission (COMCO) has approved a plan allowing the Swatch Group to reduce gradually sales of mechanical movements to companies outside the group over the next six years, and to halt sales completely in 2020. Click here for details on the ruling.The mechanical movement ruling settles a controversial issue that has bedeviled the Swiss watch industry for the past four years. On the related �C and even more controversial �C issue of sales of escapements, the regulating organ in a mechanical watch, COMCO left in place its July 12 ruling that it is premature to allow any reductions in Swatch Group sales of those key components.The Swatch Group issued no formal reaction to the decision on mechanical movements. But it is a clear victory for the company, which declared its intention to stop selling mechanical movements and parts in late 2009. In June 2011, the Swatch Group officially informed COMCO of its decision and asked COMCO to rule on the matter.The Swatch Group

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