For the first time in five years, Tiffany & Co. has a new chief marketing officer. The news was reported by WWD. The company has named Andrea Davey their new chief marketing officer, effective immediately. Davey, who has been with Tiffany since 2013, will be expanding her duties, most of which fell under her umbrella in her previous role as...
Oct. 12, 2021
As part of the luxury jewellers reinvention strategy, Tiffany & Co. has launched its About Love campaign featuring celebrity power couple Beyoncé and Jay-Z. Set with a backdrop of a Jean-Michel Basquiat painting, the Carters are seen decorated in iconic jewellery pieces. Jean Schlumberger’s Bird on a Rock brooch is located in a prime position on...
Aug. 23, 2021
After months of back and forth, legal complications, stalemates, a global pandemic, Tiffany & Co.’s shareholders approved a 15.8 billion dollar deal with luxury conglomerate LVMH. At a virtual stakeholder meeting, 99 percent of votes were cast in favor of the deal where LVMH would acquire Tiffany & Co. LVMH made an offer for Tiffany & Co. at the...
Dec. 30, 2020
Tiffany & Co. has said that in the third quarter, worldwide net sales returned to the billion dollar level and represented a decrease of 1 percent as compared to the prior year; on a constant-exchange-rate basis, worldwide net sales for the three months were 2 percent below the prior year. The company said, net earnings increased 52 percent to...
Nov. 24, 2020
For the second quarter, Tiffany & Co. returned to profitability and saw sequential improvements in monthly worldwide net sales from May to July. Worldwide net sales declined 29 percent from the prior year to 747 million dollars and comparable sales declined 24 percent from the prior year; on a constant-exchange-rate basis, worldwide net sales...
Aug. 27, 2020
The 16 billion dollar for luxury conglomerate LVMH, the parent company of Louis Vuitton, Dior, and Givenchy, to buy legendary jewelry company Tiffany & Co. is now in limbo. With the U.S. economy essentially in the gutter, LVMH board members met to discuss the proposed deal on the table. Their immediate concerns were the economic fallout from...
Jun. 3, 2020
For the third quarter, Tiffany & Co., said, worldwide net sales remained unchanged to 1 billion dollars from the prior year and decreased 2 percent to 3.1 billion dollars in the year-to-date period. On a constant-exchange-rate basis, worldwide net sales were 1 percent above the prior year and unchanged in the year-to-date period. The company...
Dec. 6, 2019
French luxury group LVMH has raised its bid to acquire US jewelers Tiffany by over one billion dollars, two sources close to the matter told AFP Wednesday. LVMH, the owner of Louis Vuitton, Dior and Moet & Chandon increased its bid for the storied New York-based company to around 130 USD per share from 120 USD per share, the sources said. The...
Nov. 21, 2019
French luxury giant LVMH has not ruled out raising its initial 14.5 billion dollars offer to take over US jewelers Tiffany, sources close to the deal told AFP on Friday. The two groups resumed their stalled talks this week after Tiffany's board asked LVMH to reconsider its bid, which the sources said Tiffany believed was too low. The owner of...
Nov. 8, 2019
LVMH confirmed Monday it has held preliminary talks to acquire US jeweller Tiffany & Co, reportedly valuing the company at 14.5 billion dollars. The LVMH group, which owns luxury brands Louis Vuitton, Christian Dior and Marc Jacobs, approached New York-based Tiffany earlier this month with an all-cash takeover bid, Bloomberg reported, citing...
Oct. 28, 2019
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