Swatch Group vs Tiffany & Co., New York: Decision in favor of Swatch Group Montag, 23. Dezember 2013 - 05:33
Swatch Group vs Tiffany & Co., New York: Decision in favor of Swatch Group
Biel / Bienne (Switzerland), December 22, 2013 – The NAI Netherlands Arbitration Institute passed judgement in the lawsuit Swatch Group vs Tiffany & Co.:
Tiffany & Co. is sentenced to pay Swatch Group damages totalling CHF 402 million.
The counter-claim of Tiffany & Co. is integrally dismissed.
In September 2011, Swatch Group had terminated the collaboration with Tiffany & Co. for breach of contract and pressed claims for damages in December 2011 against Tiffany. In March 2012, Tiffany filed a counterclaim with the Court of arbitration in charge.
Contacts
Media
Béatrice Howald, Spokesperson The Swatch Group Ltd, Biel / Bienne (Switzerland) Phone: +41 32 343 68 33 E-mail: please use our «Contact Form»
Investors
Felix Knecht, Investor Relations Officer The Swatch Group Ltd, Biel / Bienne (Switzerland) Phone: +41 32 343 68 11 E-mail: please use our «Contact Form»
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