Tiffany & Co plans to build it back up once its settles its disagreements with Swatch Group SA.
“We are working very diligently to imagine what our watch business might look like once our disagreements with the Swatch Group are behind us,” Kowalski said at a Goldman Sachs retail conference in New York, reported Reuters.
In 2007, the company formed a joint venture with Swiss watchmaker Swatch to develop, produce and distribute Tiffany-branded timepieces. The arrangement, intended to last for 20 years, never turned into big business for either company, and the deal ended a year ago.
Photos courtesy Tiffany & Co.