October 27, 2020
Uncategorized

Tag Heuer Reaches Settlement With Groupe Logo Employees

PARIS — A group of former employees of recently liquidated French eyewear manufacturer Groupe Logo that started legal action against Tag Heuer, the company’s main client, have agreed to a settlement subject to court approval, Virginie Verfaillie Tanguy, the lawyer representing the LVMH Moët Hennessy Louis Vuitton-owned brand confirmed.
According to a source, 78 out of 172 Groupe Logo employees were suing Tag Heuer on two counts: abuse of economic dependency and loss of opportunity, after the luxury brand last fall confirmed it would not be renewing its license with the eyewear manufacturer.
Verfaillie Tanguy said Tag Heuer maintains its claim that it was not responsible for the fate of Groupe Logo, “which will be stipulated in the protocol of the settlement,” but that the company is “sensitive to the fate of the employees who were not directly responsible for the situation.” She declined to confirm the details of the settlement. The compensation is to be distributed between all of the group’s former employees and not only the workers involved in the procedure.
Founded in 1896 and based in Morez — the so-called eyewear capital of France, in the country’s Jura department — Groupe Logo is understood to have held licenses with Tag

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