On December 9, 2025, Swiss watch groups Swatch (Tissot, Mido and Hamilton) and Japanese Citizen (Bulova, Vagary, Frédérique Constant and Alpina) were placed under investigation by the Italian competition authority, AGCM. Swatch (2024 turnover: €7 billion, down by 12.2% at constant rates) and Citizen (2024 turnover: €1.9 billion, up by 1.3%) are suspected of anti-competitive practices in Italy, where an inquiry is examining possible violations of European rules related to price fixing by distrib
…Price-fixing investigation: Swatch and Citizen under scrutiny in Italy
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