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Swatch and Tiffany sue each other over partnership

Swatch and Tiffany are suing each other following the collapse of their production deal.

In 2007, Swatch agreed to produce watches under the Tiffany brand. Under the deal the two firms would have shared the profits.

But last year Swatch ended the deal, accusing Tiffany of blocking the development of the business.

(Source: BBC News )