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.
Tiffany & Co.’s plunging shares are bringing a takeover of the $11 billion luxury jewellery chain back into the realm of possibilities.
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.
Tiffany & Co., the world’s second-largest luxury jewellery retailer, reported a 1 percent decline in total holiday sales and lowered its annual forecast, amid continued weakness in Japan.
Jewellers who fill up Christmas stockings with diamonds are increasingly doing so by investing in or securing supply deals directly from individual mines, avoiding the industry’s middlemen.
The luxury sector seems to have reached a turning point, having weathered the crises that beset it all year and buoyed by more benign currency trends.
Black Friday weekend is the year’s biggest promotional event for most major U.S. retailers, and yet there are prominent holdouts ignoring it — or at least being discreet about their specials.
Tiffany & Co., the world’s second- largest luxury jewelry retailer, missed third-quarter profit estimates and cut its forecast after sales in Japan and other Asian markets slowed.
With a few notable exceptions, luxury brands remain slow in building digital capabilities, revealed a report released by Exane BNP Paribas.
Tiffany & Co., the world’s second- largest luxury jewelry retailer, posted second-quarter profit that topped analysts’ estimates and raised its earnings forecast for the year as higher prices boosted revenue.
BoF compiles the most important professional moves of the week.
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.
NEW YORK, United States — Tiffany & Co., the world’s second- largest luxury jewellery retailer, posted first-quarter profit that exceeded analysts’ estimates and raised its forecast for the year as price increases helped boost sales.