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Daily News – September 16, 2009

September 16, 2009

Reuters is reporting that watch company Swatch is being investigated.

The Swiss competition watchdog has launched an investigation against Swatch Group (UHR.VX) unit ETA Manufacture Horlogere Suisse SA for potential abuse of a dominant market position.A pre-investigation yielded signs ETA had abused its potentially dominant position in the market for mechanical clockworks, the Competition Commission said on Tuesday.

Swatch Group, the world’s largest watchmaker and best known for colourful plastic Swatch watches, said it was confident the results of the investigation would be positive.

“The timing for such an investigation is rather bad as since the beginning of 2009 most of the third-party clients have massively canceled or postponed their orders,” a spokeswoman for the group said in a statement.

WWD joins OK Magazine in reporting that Abercrombie & Fitch is suing Beyoncé over a new perfume. Beyoncé wants to name a perfume after her alter-ego, Sasha Fierce, but A&F has been selling a Fierce perfume since 2002.


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