Supplier Swatch Group is to reduce its shipments of movements from 1 January 2012, with the blessing of the Competition Commission. Independent brands are furious. "What exactly is the Competition Commission for, apart from favouring monopolies?" Frédérique Constant CEO Peter Stas was openly angry following the decision of the Competition Commission (Comco) to authorise the Swatch Group to lower its shipments of movements (-15%), and assortments(-5%) to third companies.
