French luxury group LVMH's watch brand TAG Heuer has plans to launch its own smartwatch.
"We want to launch a smartwatch at TAG Heuer, but it must not copy the Apple Watch," Jean-Claude Biver, the head of the company's watch business, told Sunday newspaper NZZ am Sonntag.
Switzerland's watch industry is facing competition from smartwatches that allow its wearers to make calls, receive messages or monitor their fitness by connecting to their smartphone.
"We cannot afford to just follow in sombody else's footsteps," Biver said, adding the Swiss watch industry would present smartwatches at the latest at the Basel watch fair next spring. He did not give further details on the planned smartwatch.
Biver and TAG Heuer could not immediately be reached for comment.