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Tiffany Beijing store
LVMH Replaces Tiffany CEO as Deal Closes
LVMH has shaken up Tiffany & Co.’s senior management after the French luxury group finally completed its acquisition of the iconic US jewelry brand.Anthony Ledru, previously executive vice president for global commercial activities...
Retail Jan 07, 2021 Rapaport News
Tiffany 80ct Necklace 140
Tiffany to Sell Its Most Expensive Diamond
Tiffany & Co. will offer a necklace featuring an 80-carat diamond, expected to be its most expensive piece ever, at the reopening of its New York Fifth Avenue flagship store next year.The oval-cut, D-color, internally flawless...
Polished Markets Jan 06, 2021 Rapaport News
Tiffany 2020 holiday campaign jewelry
Tiffany Holiday Sales Reach All-Time High
Sales at Tiffany & Co. rose 2% during the holiday season as the US jeweler benefited from sharp growth in China and a surge in online demand.Revenue in the Asia-Pacific region jumped 20% year on year in November and December,...
Retail Jan 06, 2021 Rapaport News
Tiffany jewelry boxes
Tiffany Shareholders Back LVMH Takeover
Tiffany & Co. investors approved LVMH’s $15.8 billion acquisition of the company at a special meeting on Wednesday, paving the way for the transaction to close early in the new year.Shareholders of the storied US jeweler voted “overwhelmingly”...
Retail Dec 31, 2020 Rapaport News
Jewelry production
Jewelers ‘Failing to Prevent Rights Abuses’
Human Rights Watch (HRW) has called for mandatory sourcing rules for the jewelry industry and urged retailers to name their suppliers, claiming the sector is not doing enough to combat abuses.“Many jewelry companies...
Retail Nov 25, 2020 Rapaport News
Tiffany blue box
Tiffany Profit Soars as China Recovers
Tiffany & Co. reported a sharp jump in profit in the third fiscal quarter as sales in China surged and consumer spending shifted to higher-margin items.Net earnings rose 52% to $119 million in the three months ending October...
Retail Nov 24, 2020 Rapaport News
WOS Kelly Yoch 150
Ex-Tiffany Exec Joins Watches of Switzerland
Watches of Switzerland has hired Kelly Yoch as director of client relations, a new position for the company, it said Monday.Yoch, who was most recently the senior North American consultant for Patek Philippe watches at Tiffany...
Retail Nov 03, 2020 Rapaport News
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
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