According to FashionMag, the Swiss watchmaker, Swatch Group announced that they are designing watches with the name Tiffany.
Swatch will remain the only owner of the company. However, Tiffany will receive a percentage of the profits.
The new watches will be available in Swatch retailers, as well as 280 different retailers that carry Tiffany. This agreement was signed for 20 years, and may continue longer if it appears to be profitable.