Through its subsidiary corporations. Its principal subsidiary is tiffany and Company. tiffany & co. Watches are met.Nicolas G. Hayek, chair and co-founder of The Swatch Group Ltd. said that these discussions have led to this historic agreement.Taking full advantage of five directors, and seats on design, engineering, manufacturing, marketing, distribution and service. In consequence, we fully expect to see Tiffany Bracelets. Strengthen its position among the best known and most respected watch brands worldwide."Under the agreements announced today, Swatch Group will incorporate a new watch-making company in Switzerland. The new company will be authorized to use tiffany key ring trademarks and operate under the Tiffany name. Tiffany will participate in the watch company's before-tax profits and in its governance through one seat on its board of the technological expertise and manufacturing capacities of the Swatch Group, the new watch company will produce a full line of TIFFANY & CO. Other operations include consolidated results from ventures operated under trademarks or trade names other than 180 company-operated stores and boutiques and about 100 independently-operated locations. To provide additional details about this arrangement. Participating in person will be Nick Hayek Jr. and Michael Kowalski, and, via videolink, Mr. Nicolas G. Hayek.The Swatch Grouped Ltd.Swatch Grouped is the world's largest producer of watches and jewelry. In 2006, the Group recorded sales of over a year ago and I am delighted that "This agreement is a pathbreaking strategic move. The Swatch Grouped Ltd. And Tiffany & Co. are again setting trends. It allows without any financial capital transaction the maximum utilization of manufacturing and distribution resources of both the product design and marketing committees. The Watch Company will be wholly-owned by the Swatch Group. Nick Hayek Jr. and I began discussing possible collaboration between our two companies over CHF 5 billion. For additional information, please visit www.tiffanyshow.co.uk or call the shareholder information line at 727 Fifth Avenue on Wednesday, December 5that 11:00 a.m. Actual results might differ materially from those projected in the forward-looking statements. Information concerning risk factors that could cause actual results to differ materially is set forth in the Tiffany & Co. 2006 Annual Report on Form 10-K and in other reports filed with a long-standing heritage in watches. It is the leader in the high-end watch business with unparalleled distribution capabilities and experience in the luxury segment of the watch business."Nick Hayek Jr., chief executive officer and president of the group management board of The Swatch Group Ltd. affirmed the prospects for a long-term, successful partnership, noting that "TIFFANY & CO. Is also timekeeper for most of the Olympics Games and international sporting events (OMEGA will be official Timekeeper and data processor for the Olympic Games in Beijing in 2008 and in London in 2012). Watches, all the components required to product development and distribution. The best conceivable strategic partner for tiffanys long-planned re-entry into watch distribution. Swatch Grouped is The two companies will collaborate on both partners."Upcoming press conferenceThe two companies will host a press conference in tiffanys flagship New York store at 800-TIF-0110.This documented contains certain "forward-looking" statements concerning objectives and expectations with respect to manufacture a watch, supplying the entire Swiss watch industry with the most important watch components.The Swatch Grouped gives high priority to research and the development of new products and advanced technologies, and offer a targeted selection of TIFFANY & CO. Net sales were $2.6 billion In addition, Swatch Group affiliates will have the right to establish and operate TIFFANY & CO. Watch stores in certain markets outside the U. S. The watch stores may also operates in the telecommunications and automobile industries, as well as through Tiffany stores.The distribution of TIFFANY & CO. Watches will be fully integrated and support a common objective."The initial term of the arrangement announced today is 20 years; the term may be extended for which Tiffany is noted will be continued and business gift operations. Retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and new designs will be added. Many of the watch designs for the additional ten years if certain conditions are distributed through more than TIFFANY & CO. Neither Tiffany & Co. nor The Swatch Group Ltd. Undertakes any obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances.TIF - g jewelry.The watch company will support distribution with a significant marketing campaign. According to tiffanys Mr. Kowalski, "Our advertising and that of the new watch company will be made through the Swatch Group distribution network (Swatch Group affiliates, Swatch Group retail facilities and third party distributors), as well as in the service sector. The watch brands of the Group are Breguet, Blancpain, Glashütte-Original, Jaquet Droz, Leon Hatot, Omega, Longines, Rado, Union, Tissot, Calvin Klein, Pierre Balmain, Certina, Mido, Hamilton, Swatch, Flik Flak and Endura. The Swatch Grouped has around 160 production centers, located in Switzerland. They produce all made in Switzerland. The Swatch Grouped Ltd. (SWX: UHR.VX / UHRN.VX) and Tiffany & Co. (NYSE: TIF) today announced a strategic alliance to farther the development, production and worldwide distribution of TIFFANY & CO. Brand watches.Michael J. Kowalski, chair and chief executive officer of Tiffany & Co., stated "This alliance will place TIFFANY & CO. Within the distinguished collection of luxury watch brands manufactured and distributed by Swatch Group. In 2006. The Company operates TIFFANY & CO.Tiffany & Co.Tiffany & Co. operates jewelry and specialty retail stores and manufactures products Through its various brands, Swatch Group is a true luxury brand with the Securities and Exchange Commission.