Luxury Brands Gear Up for Chinese New Year Spend Abroad

Chinese shopper looking at bags | Source: Bloomberg

From Paris to New York, purveyors of luxury goods are teaching staff Mandarin, offering traditional New Year “hongbao” gifts and flocking to social media sites as well-heeled Chinese tourists pack their bags to ring in the Year of the Goat abroad.

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How Tiffany Lost Its Shine: Four Challenges Facing the Blue Box

Tiffany & Co packaging | Source: Flickr/minxlj

Tiffany & Co. couldn’t persuade enough customers to put a little blue box under the tree this holiday season. After a sluggish November and December — when sales fell 1 percent — the luxury jewelry chain cut its annual forecast today.

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Tiffany CEO Kowalski To Retire, President Cumenal To Take Over

President Frederic Cumenal will take over as CEO of Tiffany & Co. | Source: Courtesy

NEW YORK, United States — Tiffany & Co. Chief Executive Officer Michael Kowalski will step down in 2015 after more than 15 years running the luxury jeweler, passing the reins to President Frederic Cumenal.

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