Tiffany, which wasn't interested in an acquisition at the time, instead entered into a joint venture agreement with Swatch. The luxury jewelry firm hoped the Swiss watch brand could provide expanded distribution for Tiffany & Co. branded watches, as well as some Swiss watch-making know-how. That venture broke up in 2011, with both sides leveling legal claims against the other and Tiffany paying Swatch $449 million to settle their break-up disputes.