Newsletter came in with link to Stowa‘s latest announcement:
Dear STOWA customer,
Unfortunately we have to increase our prices for almost all models, effective Monday, February 3, 2020.
The tense movement situation, which was mainly caused by a fatal decision of the Swiss Competition Commission, harms all watch manufacturers, because in 2020 and probably also 2021 ETA will not be allowed to supply movements to other companies.
Since this has already caused the acquisition of movements to deteriorate in recent months (the decision of Weko took many months) and other components have also increased in price, we are now forced to raise our prices slightly.
Here you can go directly to the website of ETA/Swatch Group with an explanation of the situation: https://www.swatchgroup.com/en/serv...nts-comcos-dictate-harms-swiss-watch-industry
We will increase prices between 3 - 8%.
Despite this increase, we still have one of the best price-performance ratios in the entire watch market.
Through our direct distribution we avoid the middlemen and can therefore offer you unbeatable quality at still very fair prices! ;-)
Your STOWA Team from the Black Forest.