Swatch accused of price fixing in Australia

Swatch Group has been accused of price fixing in Australia by the brand’s former Australian general manager Mark Watson, as reported by Australian trade publication Jeweller.

Watson claims that he was dismissed from the company in November 2008 after refusing to enforce Swatch’s preferred retail prices. He is now suing the watch company in County Court in Australia for loss and damages.

The price fixing allegations are reported to affect Swatch’s premium brands including Omega, Breguet, Tiffany & Co and Tissot. Watson has accused Swatch of indulging in price fixing to maintain its exclusivity of these top-end brands.

To read the full story on Jeweller News Magazine, click here

Pictured: Omega gent's Constellation Skeleton self-winding watch