Swatch Group to appeal the District Court of Amsterdam’s decision about Tiffany arbitration award

Biel / Bienne (Switzerland), 6-3-2015 — /EuropaWire/ — Swatch Group confirms that the arbitration award issued on December 21, 2013, was set aside today by the ordinary court of first instance (District Court) of Amsterdam. The setting aside has been undertaken on purely formal reasons which are fully contested by The Swatch Group Ltd.

Swatch Group will file an appeal at the Court of Appeal. Swatch Group is convinced that the arbitration award of December 21, 2013 was issued correctly and contains no formal error.

Until the final decision of the last instance (Supreme Court of The Netherlands), the judgement of the ordinary court of first instance is not enforceable and has no material consequences for The Swatch Group Ltd.

Contacts

Media

Béatrice Howald, Spokesperson
Phone: +41 32 343 68 33
Bastien Buss, Corporate Communications
Phone: +41 32 343 66 80
The Swatch Group Ltd, Biel / Bienne (Switzerland)
E-mail: please use our «Contact Form»

Investors

Felix Knecht, Investor Relations Officer
Phone: +41 32 343 68 11
The Swatch Group Ltd, Biel / Bienne (Switzerland)
E-mail: please use our «Contact Form»