Content about Tiffany & Co.

April 11, 2014

Patrick B. Dorsey, general counsel and secretary of Tiffany and Co. since 1985, has decided to retire from the company effective May 22.

New York -- Patrick B. Dorsey, general counsel and secretary of Tiffany and Co. since 1985, has decided to retire from the company effective May 22. On that date, Leigh M. Harlan will be promoted to the position of senior VP, secretary and general counsel with responsibility for the company’s worldwide legal affairs.

Harlan will report to Michael J. Kowalski, Tiffany’s chairman and CEO. Harlan, 37, came to Tiffany in 2012 from Cravath, Swaine & Moore, a New York City law firm, where she practiced corporate, transactional and finance law.

March 21, 2014

A $473 million charge resulting from arbitration with The Swatch Group in December 2013 resulted in Tiffany & Co. reporting a net loss of $104 million in the fourth quarter of fiscal 2013.

New York – A $473 million charge resulting from arbitration with The Swatch Group in December 2013 resulted in Tiffany & Co. reporting a net loss of $104 million in the fourth quarter of fiscal 2013. Tiffany reported net earnings of $180 million in the year-ago period.

March 21, 2014

A $473 million charge resulting from arbitration with The Swatch Group in December 2013 resulted in Tiffany & Co. reporting a net loss of $104 million in the fourth quarter of fiscal 2013.

New York – A $473 million charge resulting from arbitration with The Swatch Group in December 2013 resulted in Tiffany & Co. reporting a net loss of $104 million in the fourth quarter of fiscal 2013. Tiffany reported net earnings of $180 million in the year-ago period.

March 19, 2014

Ralph Nicoletti, executive VP and CFO of healthcare services and insurance provider Cigna, will become the next executive VP and CFO of Tiffany & Co.

New York -- Ralph Nicoletti, executive VP and CFO of healthcare services and insurance provider Cigna, will become the next executive VP and CFO of Tiffany & Co. His appointment to those offices will become effective on April 2, 2014.

January 10, 2014

Tiffany & Co. saw its worldwide net sales in the two months ended Dec. 31st rise 4% to $1.03 billion.

New York – Tiffany & Co. saw its worldwide net sales in the two months ended Dec. 31st rise 4% to $1.03 billion. Total sales in the Americas region rose 6% to $550 million.

Same-store sales rose 7% due to broad-based sales growth across most of the region. Tiffany[s is now offering guidance of earnings per diluted share expected to be in a range of $1.27-$1.37 for the fiscal 2013 ending January 31, 2014.

January 10, 2014

Tiffany & Co. saw its worldwide net sales in the two months ended Dec. 31st rise 4% to $1.03 billion.

New York – Tiffany & Co. saw its worldwide net sales in the two months ended Dec. 31st rise 4% to $1.03 billion. Total sales in the Americas region rose 6% to $550 million.

Same-store sales rose 7% due to broad-based sales growth across most of the region. Tiffany[s is now offering guidance of earnings per diluted share expected to be in a range of $1.27-$1.37 for the fiscal 2013 ending January 31, 2014.

December 23, 2013

A Dutch arbitration panel has ordered Tiffany & Co. to pay Swatch damages of about $449.5 million plus interest in a breach of contract case dating back to 2011.

New York – A Dutch arbitration panel has ordered Tiffany & Co. to pay Swatch damages of about $449.5 million plus interest in a breach of contract case dating back to 2011. The dispute stems from Swatch’s claim that Tiffany failed to honor its obligation to develop and sell Swatch watches under the Tiffany name and split the profits.

December 5, 2013

Impact Architectural Signs completed a street-level, storefront signage project for Tiffany's in Chicago that served as a fall seasonal promotion to help sell upscale watches.

New York -- Impact Architectural Signs completed a street-level, storefront signage project for Tiffany's in Chicago that served as a fall seasonal promotion to help sell upscale watches. The Michigan Avenue retailer used vinyl window graphics in which gold vinyl film was used to suggest a clock face.

October 29, 2013

In the face of an e-commerce take-­over, brick-and-mortar retailers are flailing to attract Millennials into stores and industry experts are issuing the same old humdrum advice. Marketing gurus instruct retailers to make retail experiences for Millennials feel “personal” and “convenient.”

By Nate Dwyer, Red Peak Branding

October 21, 2013

Tiffany & Co. is relaunching its Tiffany.com e-commerce site.

New York – Tiffany & Co. is relaunching its Tiffany.com e-commerce site. The site includes enhanced zoom capabilities and several expanded sections.

Blue Book, the company’s collection of couture jewels, is showcased with scenes from the Tiffany Workshop where they are created, as well as an expanded engagement section with a gemologist’s video and review of Tiffany’s quality standards.

October 21, 2013

Tiffany & Co. is relaunching its Tiffany.com e-commerce site.

New York – Tiffany & Co. is relaunching its Tiffany.com e-commerce site. The site includes enhanced zoom capabilities and several expanded sections.

Blue Book, the company’s collection of couture jewels, is showcased with scenes from the Tiffany Workshop where they are created, as well as an expanded engagement section with a gemologist’s video and review of Tiffany’s quality standards.

September 24, 2013

The board of directors of Tiffany & Co. has appointed Frederic Cumenal to the position of president of Tiffany & Co. and also appointed him to a newly created seat on the company’s board.

New York -- The board of directors of Tiffany & Co. has appointed Frederic Cumenal to the position of president of Tiffany & Co. and also appointed him to a newly created seat on the company’s board. Cumenal, 54, who has been with Tiffany in a regional executive role since March 2011, will retain his regional responsibilities and will assume responsibility for the design, merchandising and marketing functions.

September 24, 2013

The board of directors of Tiffany & Co. has appointed Frederic Cumenal to the position of president of Tiffany & Co. and also appointed him to a newly created seat on the company’s board.

New York -- The board of directors of Tiffany & Co. has appointed Frederic Cumenal to the position of president of Tiffany & Co. and also appointed him to a newly created seat on the company’s board. Cumenal, 54, who has been with Tiffany in a regional executive role since March 2011, will retain his regional responsibilities and will assume responsibility for the design, merchandising and marketing functions.

August 27, 2013

Tiffany & Co. grew its net earnings 16% during the second quarter of fiscal 2013, and also increased net sales and same-store sales.

New York – Tiffany & Co. grew its net earnings 16% during the second quarter of fiscal 2013, and also increased net sales and same-store sales. Net earnings increased 16% to $107 million, from $92 million in the same quarter a year earlier.

August 27, 2013

Tiffany & Co. grew its net earnings 16% during the second quarter of fiscal 2013, and also increased net sales and same-store sales.

New York – Tiffany & Co. grew its net earnings 16% during the second quarter of fiscal 2013, and also increased net sales and same-store sales. Net earnings increased 16% to $107 million, from $92 million in the same quarter a year earlier.

August 16, 2013

Tiffany & Co. released its annual Corporate Responsibility Report, which affirms what the retailer says are efforts to positively improve the entire jewelry supply chain.

New York -- Tiffany & Co. today released its annual Corporate Responsibility Report, which affirms what the retailer says are efforts to positively improve the entire jewelry supply chain. This includes promoting responsible mining standards and increasing awareness about critical issues affecting the industry, such as the environmental concerns surrounding the development of the proposed Pebble Mine in Bristol Bay, Alaska.

August 16, 2013

Tiffany & Co. released its annual Corporate Responsibility Report, which affirms what the retailer says are efforts to positively improve the entire jewelry supply chain.

New York -- Tiffany & Co. today released its annual Corporate Responsibility Report, which affirms what the retailer says are efforts to positively improve the entire jewelry supply chain. This includes promoting responsible mining standards and increasing awareness about critical issues affecting the industry, such as the environmental concerns surrounding the development of the proposed Pebble Mine in Bristol Bay, Alaska.

July 2, 2013

Federal authorities have arrested a former Tiffany & Co. executive, charging her with stealing more than $1 million in jewelry and then reselling it for $1.3 million.

New York -- Federal authorities have arrested a former Tiffany & Co. executive, charging her with stealing more than $1 million in jewelry and then reselling it for $1.3 million.

According to reports, Ingrid Lederhaas-Okun was arrested at her home in Darien, Conn. She was charged with wire fraud and interstate transportation of stolen property by the FBI, and could face up to 30 years in prison.

July 2, 2013

Federal authorities have arrested a former Tiffany & Co. executive, charging her with stealing more than $1 million in jewelry and then reselling it for $1.3 million.

New York -- Federal authorities have arrested a former Tiffany & Co. executive, charging her with stealing more than $1 million in jewelry and then reselling it for $1.3 million.

According to reports, Ingrid Lederhaas-Okun was arrested at her home in Darien, Conn. She was charged with wire fraud and interstate transportation of stolen property by the FBI, and could face up to 30 years in prison.

June 3, 2013

Tiffany & Co. has announced plans to open a two-level store in Moscow’s GUM luxury department store, located in Red Square.

New York -- Tiffany & Co. has announced plans to open a two-level store in Moscow’s GUM luxury department store, located in Red Square. At about 4,520 sq. ft., the new store is Tiffany’s first wholly owned retail business in Russia, and is expected to open in the first quarter of 2014.

“Establishing a presence at this preeminent department store is a milestone in our growth strategy as a leading global luxury brand and underscores the importance of the Russian market,” said Frederic Cumenal, executive VP Tiffany & Co.

June 3, 2013

Tiffany & Co. has announced plans to open a two-level store in Moscow’s GUM luxury department store, located in Red Square.

New York -- Tiffany & Co. has announced plans to open a two-level store in Moscow’s GUM luxury department store, located in Red Square. At about 4,520 sq. ft., the new store is Tiffany’s first wholly owned retail business in Russia, and is expected to open in the first quarter of 2014.

“Establishing a presence at this preeminent department store is a milestone in our growth strategy as a leading global luxury brand and underscores the importance of the Russian market,” said Frederic Cumenal, executive VP Tiffany & Co.

May 29, 2013

Anthony Ludru has been named senior VP of North America by Tiffany & Co.

New York – Anthony Ludru has been named senior VP of North America by Tiffany & Co.

Ledru, 40, has luxury industry experience including with Cartier in Latin America and the U.S., as well as serving as global VP of sales with Harry Winston International.

“As a member of the senior management team, Anthony will drive sales results in our largest region, composed of the United States and Canada, while contributing a key voice to the articulation of the global brand.,” said Tiffany executive VP Frederic Cumenal.

May 29, 2013

Anthony Ludru has been named senior VP of North America by Tiffany & Co.

New York – Anthony Ludru has been named senior VP of North America by Tiffany & Co.

Ledru, 40, has luxury industry experience including with Cartier in Latin America and the U.S., as well as serving as global VP of sales with Harry Winston International.

“As a member of the senior management team, Anthony will drive sales results in our largest region, composed of the United States and Canada, while contributing a key voice to the articulation of the global brand.,” said Tiffany executive VP Frederic Cumenal.

May 28, 2013

Tiffany & Co.’s net income rose a better-than-expected 3% to $83.6 million in its first quarter, up from the prior year’s $81.5 million, boosted by sales improvement across all its regions, particularly Asia.

New York -- Tiffany & Co.’s net income rose a better-than-expected 3% to $83.6 million in its first quarter, up from the prior year’s $81.5 million, boosted by sales improvement across all its regions, particularly Asia. Global same-store sales rose 8% during the quarter.

The earnings bump came on a 9% worldwide net sales increase to $895 million. In the Americas region, total sales rose 6% to $408 million. Same-store sales rose 3% with relatively stronger growth in the New York flagship store.

May 28, 2013

Tiffany & Co.’s net income rose a better-than-expected 3% to $83.6 million in its first quarter, up from the prior year’s $81.5 million, boosted by sales improvement across all its regions, particularly Asia.

New York -- Tiffany & Co.’s net income rose a better-than-expected 3% to $83.6 million in its first quarter, up from the prior year’s $81.5 million, boosted by sales improvement across all its regions, particularly Asia. Global same-store sales rose 8% during the quarter.

The earnings bump came on a 9% worldwide net sales increase to $895 million. In the Americas region, total sales rose 6% to $408 million. Same-store sales rose 3% with relatively stronger growth in the New York flagship store.