Frederique Constant for the Swatch Group movement will reduce the supply response
past 20-30 years, Swatch Swatch Group has become the most mechanical movement Swiss watch manufacturers and key components of the major supplier of watches. Although the relationship has a long history, Swatch Swatch decided to reduce the supply to other watch makers watch movement and key components.
In Western countries, when a monopoly stakeholder’s decision to cut supply, the antitrust authorities will protect small businesses, giving them time to organize. However, in this case, Comco (Swiss antitrust authorities) has awarded the Swatch Group Swatch Group immediately by up to 30% of the power supply. “Comco this decision as if the Swiss watch industry dropped a bomb”, Frederique Constant Frederique Constant, founder and CEO Peter Stas said.
So, people had to give up independent tabulation it? “Of course, some smaller watchmakers will be forced to withdraw from the watch industry.” Peter Stas said. Fortunately, Frederique Constant Frederique Constant has sufficient capacity to develop their own watch movement. In addition, as early as 2001, Frederique Constant Frederique Constant has already begun to develop its own first movement. However, despite already begun to be prepared, the company needs at least another 5 years to be able to produce key components, namely, the watch balance wheel system.
Frederique Constant Frederique Constant’s goal is to 2015, there are two suppliers of all components to ensure its complete independence. All key components are being developed, including a new watch balance wheel system. The company plans to continue to strengthen its expertise in close cooperation with suppliers.
While some brands to accelerate the development and production plans, but short-term future is in their court (Tribunal Administratif Administrative Tribunal) hands. In fact, nine companies approved to allow for Comco to reduce the supply of Swatch Swatch questioned, the court is expected to be the end of December 2011 to make this decision.
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