On Dec. 21, a Dutch arbitration panel delivered a big victory for Swatch, with Tiffany now forced to pay the timepiece giant $449.5 million (CHF 402.7 million) plus interest, in a case stemming from the two companies’ failed joint watch venture.
Ingrid Lederhaas-Okun, the former Tiffany vice president of product and design who admitted to pilfering $1 million in jewelry from her onetime employer, was sentenced to a year and a day in jail by a federal judge on Dec. 23.
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