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Swatch Group vows to absolve itself in Swiss antitrust probe

The Swiss Competition Commission (COMCO), the countrys competition oversight watchdog, has launched an investigation against the Swatch Group unit ETA Manufacture Horlogere SA Suisse for a potential abuse of a dominant market position. Reports of the investigation appeared on the Commissions website. A pre-investigation indicated signs ETA had abused its dominant position in the market for mechanical clockworks, the Competition Commission said. A Swatch spokeswoman however said she was confident the results of the probe would clear the fog over the Group and re-establish its adherence to ethical business practices.

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