Tiffany & Co.

French luxury group LVMH Moët Hennessy Louis Vuitton and global jeweler Tiffany & Co. today announced that they have entered into a definitive agreement whereby LVMH will acquire Tiffany for $16.2 billion. The boards of the luxury businesses have been discussing a potential deal since last month, when it was reported that LVMH offered to buy…

In this episode of Retail Right Now, Total Retail's Caitlin Sullivan and Joe Keenan discuss Tiffany & Co.'s efforts to target millennial and Gen Z consumers, and how other retailers can engage with these sought-after demographics.

Tiffany & Co. said Tuesday that sales during the holiday period softened, prompting the luxury jeweler to reduce staff and cut its outlook for the year. The New York company said "challenging and uncertain global economic conditions" have resulted in restrained consumer spending, and a stronger U.S. dollar continues to dent foreign tourist spending. For the…

Costco willfully infringed Tiffany & Co's trademarks by selling counterfeit diamond engagement rings bearing the luxury retailer's name, and now must face a jury trial to assess damages, a U.S. judge ruled on Tuesday. U.S. District Judge Laura Taylor Swain in Manhattan rejected claims by Costco that Tiffany's trademarks were invalid because they sought to prevent…

Tiffany & Co. has taken a major step to controlling its destiny in the United Arab Emirates by restructuring its joint venture agreement with retailer Damas Jewellery. Damas, based in the U.A.E., is an international jewelry and watch retailer. Under the new partnership agreement between the two companies, all of the operational, merchandising and sales, and marketing management for the five Tiffany & Co. stores in the U.A.E. will be transferred from Damas to Tiffany. Previously, Tiffany sold its merchandise on a wholesale basis to Damas, which operated the Tiffany & Co. stores. 

Swiss watchmaker Swatch Group and U.S. luxury goods producer Tiffany & Co. are claiming damages from one another in the wake of a failed alliance. The two companies formed an alliance in late 2007 to spur the development, production and global distribution of Tiffany brand watches. The alliance, which included setting up Tiffany Watch Co, ended last September. This was due to a breach of contract by Tiffany, Swatch said, adding that the damages sought include a claim for lost profits. Following the breakup, Tiffany Watch Co. will wind down its business over two years.

Tiffany & Co. reported profit for the quarter ended Oct. 31 surged 63 percent to $89.7 million compared with $55.1 million in the year-ago period. Rising global sales propelled the strong performance, but the jeweler cautioned that fourth quarter earnings, which include the key holiday selling season, could fall below expectations.

New York City -- Tiffany & Co. on Monday launched its first annual web-based Corporate Responsibility Report. The website (tiffany.com/sustainability) details the jeweler’s 2010 sustainability performance, and provides insight into its standards and operations regarding the sourcing of precious materials, as well as includes information on eco-friendly packaging and catalogs.

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New York City -- Sur La Table has been acquired by Investcorp, a global asset management firm. The Seattle-based retailer, which specializes in kitchen goods, operates 86 stores nationwide. Investcorp acquired Sur La Table from the Behnke family and investment firm Freeman Spogli & Co., who will both remain as investors in the kitchen goods retailer. Terms of the deal were not disclosed. No management changes are expected. "We believe that Sur La Table is well positioned in its existing markets and has multiple opportunities for growth including new store expansion and e-commerce." said Kevin Nickelberry, a managing director