Tiffany ordered to pay $449 million to Swatch
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)
