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.
BoF compiles the most important professional moves of the week.
NEW YORK, United States — Tiffany & Co. said on Friday it expects net worldwide sales to rise in the high single digits in percentage terms this year, with growth in all regions.
Long considered an unmodern vestige of a more formal era, fine jewellery is seeing the beginnings of a fashionable resurgence. BoF reports.
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.
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.