Watchmakers protest, CEAHR vs. Swatch Group
From 2020, ETA (part of Swatch Group) will be able to stop supplying third-party clients with watch movements. ETA currently supplies about 70-75% of all Swiss-made movements, both to Swatch Group companies and to other brands, including their competitors, watch movement manufacturers such as Sellita and Soprod. The latter and their like therefore have about…