By Mikey Campbell Tuesday, December 16, 2014, 02:11 pm PT (05:11 pm ET)
During a press conference at TAG Heuer's headquarters in La Chaux-de-Fonds, Switzerland, interim chief executive Jean-Claude Biver admitted he recently changed his mind on fielding a smartwatch after being largely dismissive of the so-called "smart device" sector, Reuters reports.
"We started on the project about four months ago. We have done several partnerships and might also do acquisitions," Biver said.
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