TAG Heuer to Increase Movement-Manufacturing at New Site in Jura

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TAG Heuer has announced that it is doubling its mechanical-chronograph movement manufacturing capacity by building a new site in Chevenez, in the Swiss Canton of Jura, which will create 100 jobs and be operational by the end of 2013. The site will produce the in-house Caliber 1887 mechanical chronograph that was launched two years ago, plus a brand-new caliber that TAG Heuer is developing. … [Read more...]

Comco Opens New Swatch Group Investigation

The Swiss Competition Commission (Comco) has announced that it is opening an investigation against Swatch Group arising out of the Group's plan to stop supplying mechanical watch movements and components to third parties. Comco said yesterday that the purpose of the investigation is to determine whether Swatch Group's decision is an abuse of its dominant market position and so a violation of the … [Read more...]

Swiss Competition Commission Opens New ETA Investigation

Swatch Group announced yesterday that the Swiss Competition Commission (COMCO) has opened a new investigation against ETA Manufacture Horlogère SA. The Swatch Group statement notes that this is not the first time that the COMCO has investigated a company of the Swatch Group, and that the Swatch Group is confident that the results of this investigation will again be positive for ETA (a reference … [Read more...]