Swatch Group and Citizen Watch Under Investigation for Price Fixing Practices in Italy
AI Summary1 min read
TL;DR
Swatch Group and Citizen Watch are being investigated by Italy's Competition Authority for potential price fixing by setting retail prices and monitoring distributors, possibly breaching EU regulations amid broader antitrust concerns in Europe.
Swatch Group and Citizen Watch are under investigation by Italy's Competition Authority for allegedly imposing retail prices on authorized distributors and monitoring their pricing practices. The watchdog claims the watchmakers may be violating EU regulations. The investigation comes after several luxury groups have faced similar antitrust and competition issues in the European bloc.
