Tiffany loses arbitration battle with Swatch

An arbitration panel in the Netherlands orders Tiffany (TIF) to pay Swatch (SWGAY) $449M to settle a dispute over a contract.

An ambitious plan by the companies to sell watches together under a joint venture went sideways back in 2011.

Reps with Tiffany say the they are shocked by the ruling and note the luxury retailer plans to review potential legal actions.

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