Swatch Group vs Tiffany & Co.

Swatch Group

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

Swatch Group: Key Figures 2023
AD HOC

Swatch Group: Key Figures 2023

Net sales up by 12.6% at constant exchange rates, or 5.2% at current rates to CHF 7 888 million. Sales growth of over 8% in the fourth quarter in local currencies. Despite huge exchange rate impacts, the Watches & Jewelry segment (including Production) achieved the same strong operating margin of 17.2%. Operating profit of CHF 1 191…

Swatch Group welcomes UK court decision against Samsung watch faces

Swatch Group welcomes UK court decision against Samsung watch faces

Swatch Group today won a milestone trade mark case against Samsung in the UK.  Last year, Mrs Justice Falk held that Samsung had infringed trade marks belonging to a number of well-known Swiss watch brands of the Swatch Group including amongst others Omega, Tissot, Longines and Swatch. Today, in the Court of Appeal in London, in a case which…

Acquisition of a building at New Bond Street in London

Acquisition of a building at New Bond Street in London

Swatch Group has just acquired a prestigious property on one of London's most luxurious thoroughfares. The building, located at 171 New Bond Street, has housed a salon for the Group’s international luxury brand Harry Winston since 2006. The transaction is worth around CHF 90 million. The building, constructed in 1856, has 562 m2 spread over five…