By  on March 14, 2019

BIEL, Switzerland — Nick Hayek challenged rivals Compagnie Financière Richemont and LVMH Moët Hennessy Louis Vuitton by warning that Switzerland’s biggest watchmaker would stop supplying crucial movements to its major competitors after the expiry of their current contracts.

The threat, made at Swatch Group’s media conference at the flamboyant new home of its top-selling Swatch brand, marked the latest salvo in the years-long tussle between the watchmaking operations of some of the world’s top luxury goods groups.

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