PARIS — In a surprise ruling, Switzerland’s competition regulator announced on Friday it had rejected an agreement struck between its Secretariat and Swatch Group AG, which temporarily allowed the world’s biggest watchmaker to reduce deliveries of components to rival watchmakers.
The Swiss Federal Competition Commission, or Comco, said it was sending both parties back to the negotiation table because it considers it “premature” for Swatch Group to phase out the supply of essential regulating mechanisms like high-tech hairsprings.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)