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  • Rival Richemont acquired online retailer Net-a-Porter in 2010.Swatch Group is already the biggest watchmaker by sales, including brands such as Omega, and the acquisition of the prestigious diamond jewellery maker allows it to enter high-end jewellery, a market dominated by Richemont with its flagship brand Cartier.From a strategic perspective it is positive - Swatch Group has long said it wanted
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