Tiffany CEO Kowalski To Retire, President Cumenal To Take Over

President Frederic Cumenal will take over as CEO at Tiffany's | 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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Tiffany Holiday Sales Advance 4 Percent Amid Demand in Asia, U.S.

Tiffany & Co's New York Flagship | Source: Shutterstock

NEW YORK, United States — Tiffany & Co., the world’s second- largest luxury jewelry retailer, reported a 4 percent increase in holiday sales, driven by demand in the U.S. and Asia. Global sales in November and December rose to $1.03 billion, the New York-based company said today in a statement. Tiffany recorded a 4 percent gain in the period a year earlier.

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LVMH China Watch Sales Decline Offset by Overseas Purchases

Tag Heuer campaign feat. Maria Sharapova 2013 | Source: Tag Heuer

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.

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Thrift Trumps Abenomics as Japan Shoppers Stick to Bargains

Market at Nissan Stadium Yokohama Japan | Source: Shutterstock

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.

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Ex-Tiffany Executive Charged With $1.3 Million Jewel Theft

Tiffany Campaign | Source: Tiffany & Co.

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.

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