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4 个月前
Dutch court backs Swatch in row with Tiffany over venture
2017年4月25日 / 上午9点11分 / 4 个月前

Dutch court backs Swatch in row with Tiffany over venture

ZURICH, April 25 (Reuters) - A Dutch appeals court ruled on Tuesday that Swatch Group deserves compensation in a row with U.S. luxury goods maker Tiffany over a failed watch venture.

Tiffany was ordered in December 2013 to pay Swatch 402 million Swiss francs ($404.3 million) in damages over their failed joint venture to produce and market watches, but a lower Dutch court had set aside the ruling in 2015. Swatch appealed against the decision.

Swatch has now won the appeal, a spokesman for the court in Amsterdam said.

$1 = 0.9943 Swiss francs Reporting by Zurich newsroom

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