EU Again Closes Swatch Antitrust Probe Without Fines

By Melissa Lipman (July 30, 2014, 3:41 PM EDT) -- The European Commission on Tuesday closed its investigation into whether Swatch Group AG and other luxury watch makers had thwarted competition by refusing to supply spare parts to independent repair shops, saying there was little chance of turning up an antitrust violation.

The European Union competition watchdog had reopened the investigation in 2011, after the EU's General Court concluded that the EC hadn't looked at the proper markets the first time it rejected a complaint from the European Confederation of Watch & Clock Repairers' Associations, or the CEAHR, in 2008.

But now, the EC said it once again had found lacking the...

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