Expand / Collapse search
Watch TV
Menu

This material may not be published, broadcast, rewritten, or redistributed. ©2022 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

World
Published

Swiss watchmaker Swatch claims victory in contractual dispute with Tiffany & Co

Associated Press
NEWYou can now listen to Fox News articles!

BERLIN – Swatch Group AG says it has won a contractual dispute with Tiffany & Co.

The Swiss watchmaker says the Netherlands Arbitration Institute has ordered Tiffany to pay Swatch 402 million Swiss francs ($449 million) in compensation.

Tiffany couldn't immediately be reached for comment late Sunday.

The dispute arose in 2011 when Swatch canceled its cooperation with Tiffany, accusing the New York-based jeweler of breach of contract.