Swatch Group Required to Slow Supply Cuts - Watch Freeks


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Old 07-22-2013, 01:12 PM   #1 (permalink)
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Default Swatch Group Required to Slow Supply Cuts

http://gevrilgroup.com/blog/swatch-g...w-supply-cuts/

Weko, the Swiss competition authority, gives smaller watchmakers a reprieve.

Fearing that they might go out of business without a reliable source for critical movement parts, these watchmakers appealed to Weko, the Swiss competition authority, for help. In a recent ruling, Weko agreed that Swatch Group should be allowed to continue itís gradual reduction in the delivery of finished movements, beginning with another 10 percent reduction in finished movement deliveries in 2014. Weko decided however to restrict further cuts in the deliveries of assortments, the parts that drive the movement: such as the hairspring, balance wheel, anchor and anchor wheel. A Weko spokesman said the commissionís decision was based on the fact that many smaller watchmakers still did not have viable sourcing alternatives for these vital components and might go out of business without them.
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Old 07-22-2013, 06:01 PM   #2 (permalink)
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Very interesting. The entire system sounds somewhat crooked to me. It sounds like they're making and then taking away and then bringing back whatever they want to keep prices high and their control on the industry. **** communists.
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Old 07-22-2013, 07:39 PM   #3 (permalink)
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IMO, it makes the Miyota 9015 that much more attractive as a movement option.
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Old 07-22-2013, 07:45 PM   #4 (permalink)
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I think this goes hand-in-hand with the recent trade agreement between Switzerland and China. I think you are going to see major hikes in prices and false exclusivity of the Swiss Brand in the future. I think there is going to be a lot of unhappy watch collectors.



Switzerland Ė China Free-Trade Agreement Will Greatly Disrupt Swiss Watch Sales Globally



Several days ago something of great importance to the global luxury watch industry happened in Beijing. On July 6th, 2013 Switzerland and China signed a bilateral free-trade agreement. A historic move, it is the first agreement of its type between China and a European country, and the deal was motivated on the Swiss side by the interests of the watch industry. While potentially good for the Swiss watch industry, the move will likely have devastating effects on the global watch retail market over the next few years.

MORE AT A BLOGTOREAD: http://www.ablogtowatch.com/switzerl...ales-globally/
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Old 07-22-2013, 08:06 PM   #5 (permalink)
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Switzerland + China free trade = NO TRADE
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Old 07-22-2013, 10:15 PM   #6 (permalink)
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Quote:
Originally Posted by omi View Post
IMO, it makes the Miyota 9015 that much more attractive as a movement option.
Wise. Yes it will
Sounds more like the medical drama being played
Out in US

Not being too smart ignoring th beast that will roar
In coming years. Most people care less about the movements now
I see a lot of homage watches that border on insanity. High quality, low prices.
What are they thinking?
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