Swatch Group vs Tiffany & Co.
Decision in favor of Swatch Group
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 & Co. In March 2012, Tiffany & Co. filed a counterclaim with the Court of arbitration in charge.
Related news
166 new apprentices participate in the Jump In 2019
In August, no fewer than 166 new Swatch Group apprentices took part in the Jump In 2019 camp in Saignelégier. During these four days, they got to know the principles of apprenticeship; learned about the rights and obligations as well as the expectations of Swatch Group; and dealt with topics crucial for starting a professional career, including health,…
Swatch Group Press Release
Swatch Group: Additional members named to the Executive Group Management Board and to the Extended Group Management Board Biel/Bienne (Switzerland), July 17, 2019 - The Board of Directors of the Swatch Group made the following appointments to its Executive Group Management Board and the Extended Group Manage-ment Board: Peter Steiger, Chief Controlling…
Half-Year Report 2019
Group net sales of CHF 4 078 million, -3.7% at constant exchange rates compared to a very strong previous year, and -4.4% at current rates. Operating result of CHF 547 million, -13.0% to the previous year. Operating margin amounted to 13.4% versus 14.7% in the previous year. Net income of CHF 415 million, -11.3% to the previous year, with a net margin of…