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Swatch

December 23, 2013

Swiss family-controlled watch business Swatch has come out on top after a bitter legal dispute with luxury jewellery company Tiffany & Co, winning $449.5 million (€328.6 million) in damages.  

Swiss family-controlled watch business Swatch has come out on top after a bitter legal dispute with luxury jewellery company Tiffany & Co, winning $449.5 million (€328.6 million) in damages.

Swatch, controlled by the Hayek family, filed a claim with the Netherlands Arbitration Institute in 2011 over the termination of a contract between the two companies.

The following year Tiffany, a publicly traded company, filed a counter claim.

March 18, 2013

It may be the world's largest watchmaker with revenues of CHF8.1 billion last year (€6.7 billion), but you can't accuse Swatch Group of losing touch with its roots.

It may be the world's largest watchmaker with revenues of CHF8.1 billion last year (€6.7 billion), but you can't accuse Swatch Group of losing touch with its roots.

The family business is very proud of its heritage – indeed, it owes its success to the high-quality clockwork synonymous with the Alpine nation.

So, in a drive to celebrate all things Swiss as part of its 30th birthday celebrations, Swatch has published a Swiss-German version of its 220-page annual report – who says accountancy can't be fun?

January 14, 2013

European family businesses are putting their best foot forward for 2013, with Swatch making a major acquisition while Volkswagen and PPR are also eyeing deals.

European family businesses are putting their best foot forward for 2013, with Swatch making a major acquisition while Volkswagen and PPR are also eyeing deals.

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