NEW YORK, United States — Tiffany & Co. is promoting Frederic Cumenal to the role of president and expanding its board to give him a newly created seat.
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, says its sales of jewelry and watches have dropped in mainland China and are being offset by Chinese nationals buying overseas.
TOKYO, Japan — Japanese apparel firm Fast Retailing Co Ltd has a problem: sales are surging, full-year net profits are expected to rise nearly 28 percent but the customers thronging the stores of its popular Uniqlo brand are far too frugal for its liking.
NEW YORK, United States — A former Tiffany & Co. executive was charged with stealing jewelry from the company and selling it for $1.3 million. Ingrid Lederhaas-Okun, 46, a former Tiffany vice president, was arrested today at her home in Darien, Connecticut, and charged with wire fraud and interstate transportation of stolen property, according to a statement from the office of U.S. Attorney Preet Bharara in Manhattan.