After a three year partnership, Swatch Group Ltd and Tiffany & Co end their watch distributing agreement, both claiming the other failed to fulfill their side of the agreement. In what is sure to be a story to follow, arbitration is pending while both companies deny any wrong doing in their part of the venture.
Never fear watch lovers! If you have fallen in love with the Tiffany Watch Co Ltd brand watches, the company will continue to operate and sell watches over the next two years as it winds down and eventually disbands completely. Or, for those of you who thought that the merger was overrated and disastrous for the watches on either side of the merger, hopefully we will see the companies returning to their traditional style of watch designing.