Tiffany ordered to pay $449 million to Swatch - Israel News, Ynetnews

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Tiffany ordered to pay $449 million to Swatch

Published: 12.23.13, 00:44 / Israel News

Tiffany & Co. was ordered to pay Swatch Group AG about 402 million Swiss francs ($449 million) in compensation over a contractual dispute, the companies said Sunday.


The Netherlands Arbitration Institute also required Tiffany to pay more than $9 million for the Swiss watchmaker's legal fees and the cost of arbitration, according to a statement from the New York-based jeweler. (AP)


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