End of Partnership with Tiffany & Co.
Swatch Group terminates partnership with Tiffany & Co. New York for material breach of contract
Today Swatch Group terminated its cooperation contracts with Tiffany & Co. This action became necessary following Tiffany & Co’s systematic efforts to block and delay development of the business.
Within the framework of the long-term partnership agreement, in spring 2008, Swatch Group founded Tiffany Watch Co. Ltd., which was responsible for the development, production and distribution of «Tiffany & Co.» branded watches. Worldwide sales were handled through points of sale operated by Tiffany & Co., by The Swatch Group Ltd and by independent retailers.
Tiffany Watch Co. Ltd. will be permitted to wind down current business over the course of two years following effective termination of the cooperation contracts.
Swatch Group and Tiffany Watch Co. Ltd. will press claims for damages against Tiffany & Co., New York, in compensation for the loss of planned long-term future business.
Related news
Apprenticeship graduation
Congratulations to our apprentices for their successful apprenticeship graduation! The companies and brands of the Swatch Group Blancpain, CHH Microtechnique, Comadur, Dress your body, EM Microelectronic-Marin, ETA, Glashütte Original, Longines, Manufacture Ruedin, Montres Breguet, Nicolas G. Hayek Watchmaking School Pforzheim, Nivarox-FAR, Omega…
Message from the Chair
Message of Nayla Hayek, Chair of the Swatch Group Board of Directors, on the occasion of the Annual General Meeting of May 21, 2025, in Biel (BE), Switzerland. The original spoken text (in German) is valid. Sehr geehrte Damen und HerrenLiebe Mitaktionärinnen und Mitaktionäre Sie haben ja sicherlich alle unseren Jahresbericht mit meinem Geleitwort…
Ordinary General Meeting
The Ordinary General Meeting of Swatch Group Shareholders was held online in accordance with article 12 ff. of the Articles of Association on Wednesday, May 21, 2025. The shareholders approved, by a large majority, all proposals submitted by the Board of Directors. Mr Steven Wood's candidature for the Board of Directors was rejected by the…