The Chinese government's anti-graft campaign has also dealt a major blow to the practice of giving luxury watches as gifts, the report said. However, the mid-level watch market had shown stable growth in second-tier Chinese cities, with sales of …

The Swiss maker of Omega watches in January announced the $1 billion purchase of the Harry Winston watch and jewelry unit, adding a luxury label to its portfolio. That purchase filled the gap in its portfolio left by the dissolution of the Tiffany …

versus Swiss watches (Swatch), a Dutch arbitration court has ruled in favor of the Swiss, ordering Tiffany to pay nearly half a billion dollars in damages to Swatch, the companies announced Sunday afternoon. As a result of the punitive damages, Tiffany …

The companies had established a joint venture in 2007 to create watches under the Tiffany brand together. But the arrangement, which was supposed to last for 20 years and solidify Tiffany's position in the luxury watch market, didn't pan out for either …

Six years ago, Swatch Group and Tiffany & Co. announced an unusual and historic agreement that would have them partnering, not competing, for luxury consumer dollars. Tiffany planned to start selling its own branded watches, and the luxury retailer …

The arrangement, intended to last for 20 years and give Tiffany a much bigger place in the luxury watch market, never turned into big business for either company, and the deal ended in acrimony in 2011. The companies sued one another in an arbitration …

Michael Kowalski, the chief executive of the luxury retailer, said in a statement that he was "shocked and extremely disappointed" with the court ruling and that the company was reviewing its options. Tiffany's said it would fund the award from …

The arrangement, intended to last for 20 years and give Tiffany a much bigger place in the luxury watch market, never turned into big business for either company, and the deal ended in acrimony in 2011. The companies sued one another in arbitration …

Swatch said a Dutch arbitration court sentenced Tiffany & Co. to pay it 402 million Swiss francs ($448.79 million) in damages in a lawsuit over their failed joint venture to produce and market watches. AIR FRANCE-KLM. The airline has received a firm …