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Tiffany engagement rings
LVMH Seals Tiffany Takeover at Lower Price
Tiffany & Co. and LVMH have settled their public dispute, agreeing to a reduced price for their takeover deal after the French luxury group walked away last month. LVMH will pay $131.50...
Retail Oct 29, 2020 Rapaport News
Tiffany engagement ring boxes
LVMH Claims Right to Exit Tiffany Deal
LVMH has filed a countersuit against Tiffany & Co., claiming a legal right to pull out of the companies’ tie-up due to Covid-19 and the US jeweler’s “mismanagement” of the crisis.The pandemic constitutes a “material adverse effect” that...
Retail Sep 29, 2020 Rapaport News
Tiffany Sydney flagship
Tiffany to Track Diamonds Down to the Mine
Tiffany & Co. plans to achieve 100% traceability of diamonds and precious metals in the coming years as part of a sustainability pledge it released this week.The retailer aims to track all diamonds weighing 0.18 carats or more to the...
Retail Sep 24, 2020 Rapaport News
Tiffany Joshua LOndon 150
LVMH-Tiffany Trial Set for January
A US court has approved Tiffany & Co.’s request to fast-track its lawsuit against LVMH, scheduling a four-day trial starting January 5, 2021.The timeline means a ruling would come after the final deadline for LVMH’s takeover...
Retail Sep 22, 2020 Rapaport News
Tiffany
LVMH and Tiffany Lock Horns over Trial Timing
LVMH has asked a court to delay Tiffany & Co.’s lawsuit against the luxury group, prompting the US jeweler to renew its allegations of foul play by its would-be acquirer. Tiffany had petitioned the Delaware Chancery...
Retail Sep 17, 2020 Rapaport News
TIffany store 150
Tiffany Messed Up During Covid-19, LVMH Says
LVMH plans to countersue Tiffany & Co. after the companies’ $16 billion marriage turned sour, accusing the US jeweler of management errors during the coronavirus.“[Tiffany’s] first-half results and its perspectives for 2020 are...
Retail Sep 10, 2020 Rapaport News
Sarine Tiffany
LVMH Scraps Tiffany Deal; Tiffany Sues
LVMH has abandoned its acquisition of Tiffany & Co., citing a trade dispute between the US and France and a disagreement over the timing of the deal.Tiffany has sued LVMH in response, claiming that the luxury...
Retail Sep 09, 2020 Rapaport News
Tiffany
Tiffany Sees Glimmer of Hope as Profit Slumps
Tiffany & Co. reported a sharp decline in profit in the second fiscal quarter but noted sales have returned to pre-pandemic levels in August. “Our global sales trends have strengthened in August, with preliminary month-to-date worldwide...
Retail Aug 27, 2020 Rapaport News
Tiffany diamond engagement ring
Tiffany to Share Full Provenance of Its Diamonds
Tiffany & Co. will give consumers full details of each diamond’s route from mine to jewelry, encompassing the rough’s origin as well as the locations of cutting, grading and setting.Beginning in October, the US retailer will share...
Retail Aug 19, 2020 Rapaport News
Tiffany flagship 150
Appeals Court Backs Costco in $21M Tiffany Case
A US court overturned a $21 million judgment previously awarded to Tiffany & Co. in its ongoing case against Costco Wholesale Corporation over use of the jeweler’s name to describe generic engagement rings.A lower-court judge erred in finding...
Retail Aug 18, 2020 Rapaport News
Tiffany 150
Tiffany Ranked Among ‘Hot 100’ Retailers
Tiffany & Co. has retained a spot on the National Retail Federation’s (NRF) list of the fastest-growing US retailers.The New York-based company came in at number 95, the only jewelry specialist to make the cut this year,...
Retail Aug 12, 2020 Rapaport News
Tiffany China  store 150
Tiffany Sees ‘Robust Recovery’ in China
Tiffany & Co. reported a strong rebound in its operations in mainland China during April and May, after Covid-19 lockdowns resulted in heavy first-quarter losses for the jeweler. “While sales in key markets like the...
Retail Jun 09, 2020 Rapaport News
Tiffany Toronto store
LVMH-Tiffany Deal Faces Uncertainty
The LVMH board met on Tuesday to discuss its takeover of Tiffany & Co., fueling rumors that the $16.2 billion deal was less certain than before Covid-19.The panel of directors “focused its attention on the...
Retail Jun 04, 2020 Rapaport News
Tiffany store NY 150
US Jewelry Stores Begin Reopening
US jewelers have restarted business in many states following a more than two-month shutdown to stem the spread of Covid-19.Signet banner Kay Jewelers has opened nearly 120 stores across the country, while business has resumed...
Retail May 26, 2020 Rapaport News
Christie's online sale
Christie’s Online Jewelry Auction Sells Out
Christie’s garnered $1.4 million from its Jewels Online sale, selling 100% by value.An emerald and diamond necklace from Graff’s Icon collection was the top lot, fetching $52,500, against a high estimate of $15,000,...
Polished Markets Apr 26, 2020 Rapaport News
Tiffany
Tiffany Gives $1M to Pandemic Relief Efforts
Tiffany & Co. has donated $1 million to aid efforts to stem the spread of COVID-19, with a portion allocated toward providing essential medical supplies to New York.The jeweler will contribute $750,000 to the COVID-19 Solidarity Response...
Retail Apr 07, 2020 Rapaport News
Sothebys Online
Sotheby’s Online Sale Exceeds Expectations
Sotheby’s garnered $739,375 from its Jewels Online sale, beating its high estimate of $671,600 for the auction.“In this unprecedented moment, collectors were determined to compete for beautiful jewels in Wednesday’s sale, which earned...
Polished Markets Mar 30, 2020 Rapaport News
Tiffany
Tiffany & Co. Revenue Flat at $4.4B in 2019
Tiffany & Co. reported solid sales in fiscal 2019 as it introduced new products and sold higher-value jewelry.Group revenue was flat at $4.4 billion for the year ending January 31, matching the record annual...
Retail Mar 22, 2020 Rapaport News
Tiffany US Retail
Tiffany, Macy’s Among Retailers Closing US Stores
A growing number of US retailers, including Tiffany & Co., are temporarily shuttering all locations across North America in an effort to stem the coronavirus spread.“Effective immediately, we’re temporarily closing all Tiffany stores in the US and Canada,...
Retail Mar 18, 2020 Rapaport News
Tiffany
Tiffany Appoints New Chief Gemologist
Tiffany and Co. veteran Victoria Wirth Reynolds will become the company’s first female chief gemologist, it said Tuesday. Reynold joined Tiffany in 1987, working in the custom-design department before moving to the diamond office,...
Retail Mar 05, 2020 Rapaport News
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