GRENCHEN, Switzerland, March 6 The world's
largest watchmaker Swatch Group has reached an
undisclosed agreement in principle with Swiss competition
officials over watch movements to third parties, the luxury
watchmaker's chief lawyer said on Wednesday.
"We have reached an agreement...the next step is to take it
to the entire Weko commission which we expect sometime towards
the end of March, and then decide how to proceed," Swatch lawyer
Hanspeter Rentsch said at a press conference.
Rentsch gave no details of the agreement reached with Weko
(Reporting by Katharina Bart)