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Luxury watch monopoly case progresses hour by hour
The Competition Authority has closed the monopoly case related to the luxury watch retail sector, after it was proven that one company engaged in covert conditional sales. Specifically, the company was forcing customers to purchase an unwanted watch in order to obtain the desired one. Investigations confirmed that the company violated competition regulations by tying products, which imposed an unjustified financial burden on consumers and reduced competition opportunities. A financial settlement was imposed on the company, along with a commitment to modify its policies and eliminate any unlawful conditions.
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