By  on July 16, 2013

PARIS — The head of Swiss watch brand Frédérique Constant on Tuesday praised a decision by Switzerland’s competition regulator to reject an agreement that would have allowed Swatch Group AG to cut back on deliveries of key components to rival watchmakers.

Peter Stas, co-founder and chief executive officer of Frédérique Constant, said the ruling would give independent brands time to continue developing their own mechanical movements, or calibers, and prevent them from having to seek foreign suppliers for essential regulating mechanisms like high-tech hairsprings.

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