Basing itself on the conclusions drawn an EU court, the Swiss competition authority has made it clear that such agreements are not indicative of an abuse of market dominance nor were they considered as unacceptable.

On Tuesday, WEKO, the Swiss competition authority stated it has declined to open a formal investigation over the supply of spare parts of a few watchmakers, which include Richemont and Swatch, for independent watch repair shops.

Citing a separate examination by the European Commission, WEKO concluded that service-after-sales agreements were neither indicative of an abuse of market dominance nor were they considered as unacceptable.

Incidentally, an EU court has already rejected an appeal of that decision, said WEKO.

“No elements could be identified that would point to a conclusion that would differ from the one arrived at by the EU,” said WEKO in a statement.

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