The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
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.
Tiffany's board will now have 10 directors.
The luxury jewelry company said Tuesday that Cumenal will keep his regional responsibilities and take on responsibility for its design, merchandising and marketing functions. He previously served as executive vice president.
The 54-year-old Cumenal joined Tiffany in March 2011, having previously served as president and CEO of Moet & Chandon SA at the LVMH Group.
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Cumenal will continue to report directly to Chairman and CEO Michael Kowalski.
Last month Tiffany reported that its second-quarter profit rose, helped by strong sales in China. The New York company also raised its full-year earnings forecast.
Tiffany shares added 25 cents to $78.78 in morning trading.
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From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.