With the brute strength of the French giant on the one hand and the high growth potential of the American jeweler on the other, LVMH's acquisition of Tiffany & Co. looks set to be a positive move for all concerned.
The Council of Fashion Designers of America, American fashion’s governing body, has announced the nomination of four new members to its board in the latest managerial move by its new chairman Tom Ford.
Jeweler Tiffany & Co’s sales and profit beat market estimates, helped by strong demand for its fashion and high-end solitaire jewelry in its first full quarter under new Chief Executive Alessandro Bogliolo.
After Versailles last year, the NY Times is staging its international luxury conference 2017 in Brussels, a two-day event that will explore the evolution of the luxury market in a constantly changing world.
Titled “There’s Only One,” the jewelry brand’s Fall 2017 ad campaign brings together a mix of stars, including Zoë Kravitz and Elle Fanning. The ads are the company’s first campaign since Reed Krakoff joined the brand.
Tiffany may have wanted to grab the headlines because of its first ever Super Bowl ad but it was the luxury jeweller’s announcement of the shock departure of CEO Frédéric Cuménal that gripped the industry instead.
Tiffany sales during the holiday period were "somewhat lower" than expected, due to lower consumer spending and a downturn at its NY flagship store, which the brand says was partly caused by its proximity to Trump Tower.