Tribunal winds up Swiss watch dispute

Leo Szolnoki Friday, 3 January 2014 (11 months ago)

A tribunal in the Netherlands gave US jeweller Tiffany & Co a lump of coal rather than diamonds for Christmas, ordering the company to pay Swiss watchmaker Swatch Group nearly half a billion dollars in damages over a failed joint venture.

Tiffany & Co and Swatch were to create a joint venture to produce Tiffany branded watches

Tiffany & Co and Swatch were to create a joint venture to produce Tiffany branded watches (Credit: minxlj)

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