• The Tiffany store in London suffered a lot recent days. Three men silver necklaceshave been remanded in custody after appearing in court charged in connection with a ram-raid on a high class jeweller. A four-wheel drive vehicle was smashed into the plate glass window at Tiffany & Co in London's Sloane Square in the early hours of Thursday.

    All three men, who silver earringsare unemployed, are charged with aggravated burglary.
    They were remanded into custody by district judge Justin Phillips to appear next Thursday at Blackfriars Crown Court.
    The Met's Directorate of Professional Standards has launched an investigation into the death and the Independent Police Complaints Commission has beensilver key rings informed.
    Tiffany & Co, which has four shops in London, was founded in New York in 1837.
    Its flagship store opened in the city's Fifth Avenue in 1940, immortalised in the Audrey Hepburn movie Breakfast At Tiffany's in 1961.


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  • Rose Percy has a long history with the American Red Cross. Complete with an extensive wardrobe and her own Tiffany jewelry, this 23-inch wax doll was first sold for $1,200 back in 1864 to benefit the U.S. Sanitary Commission — the precursor to one of best-known U.S. charities.
    For the past two years, the charity whose core mission is disaster relief has been working feverishly to erase a $209 million operating deficit — a shortfall that now standschristmas gift at $33.5 million. The national headquarters laid off a third of its 3,000 employees last year and made a rare appeal to Congress for help that produced a one-time, $100-silver key ringsmillion infusion. But the cost-cutting isn't over.
    What once was a collection of more than 135,000 objects, images, books and reels of film kept in a Lorton, Va., and warehouse outside Washington is being drastically scaled back. The warehouse will be closed next year to save $3 millionsilver necklaces annually.

    Many items predate the time in 1881 when Clara Barton founded the American Red Cross in Washington. Some have been sent to the National Archives under a long-standing partnership, the most historically significant art and objects will be kept at the Washington headquarters and others will be auctioned in the largest sale in years.


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  • Tiffany & Company, which has been dealing in the world's valuable gems since it bought the French crown jewels more than a century ago, said it would use some of the funds to repay the debt incurred when an investor group bought it from Avon Products Inc. in October 1984. A Bonanza for Executives
    For about 30 of its banglesexecutives, who paid only 67 cents a share for 1.5 million shares in a leveraged buyout, the public issue will provide a bonanza. Half of the four million shares will be sold by the company and the other half by the participating employees in late April or early May. The company has applied to list the shares on the New York Stock Exchange. Tiffany had been traded over the counter for many years before itsrings acquisition by Avon in 1979.
    If the four million shares are fully bought or oversubscribed, Tiffany's American underwriters have an option to sell another 480,000 shares owned by some of the selling shareholders.
    Despite the public sale, however, most of the Tiffany investors, both corporate and individual, are retaining shares in the company. Those shares would achieve market value if the investors chose to sell them


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  • Mitsukoshi is the largest distributor of Tiffany products in Japan, and sells them in Hong Kong and Hawaii as well. In the fiscal year that ended on Jan. 31, Mitsukoshi bought about $26 million in merchandise from Tiffany, which had worldwide net sales of more than $290 million. Experts on Japanese business said that the stronger tie with Tiffany was likelysilver necklaces to produce great benefits to Mitsukoshi.
    The sale to Mitsukoshi comes as takeover rumors about Tiffany have circulated on Wall Street. In late August, the company said it had not received any takeover offers and was not seeking any.
    Under the terms of the deal,christmas gift Mitsukoshi, which already owns about 3 percent of Tiffany, has agreed not to buy more than 19.99 percent of its shares for five years.
    Founded in 1837, Tiffany has 13 stores, in cities including Atlanta, Boston, Chicago, Dallas, Houston, San Francisco and Beverly Hills, Calif., in addition to its flagship store on Fifth Avenue in Manhattan. The company also has stores in London, Munich, Zurich and Hong Kong. Store Owned by Japanese
    The Mitsukoshi relationship is not the only business connection between the Japanese and Tiffany. Indeed, the company's Fifth Avenue store, which became the centerpiece for the Truman Capote novel ''Breakfast at Tiffany's,'' has been owned since 1986 by Dai-Ichi Fudosan.
    silver key rings


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  • Under the economic crisis, even the company's many fans acknowledge that Tiffany must overcome several challenges to be able to justify its stock price. No one expects it to sustain the 35 percent compounded growth rate it has enjoyed since going public in 1987. But with the low-yielding stock at 4.5 times book value, and 20 times projected 1991 earnings, some analysts say the company would christmas gifthave to grow at least 20 percent a year before investors would get a fair return on their investment.
    That could be dicey in the current retail environment. For starters, 27 percent of Tiffany's sales still come from the company's flagship store onsilver necklaces Fifth Avenue at 57th Street in Manhattan, in the middle of the high-rent district of a city whose bankers, brokers and other professionals are either losing their jobs or are fearful of layoffs. The drop in tourism resulting from the Persian Gulf War -- expected to linger as the dollar rises -- is another reason the New York store may have trouble topping the $123 million in revenues it generated last year and the $127 million it produced the year before.
    Another 21 percent of the banglescompany's sales come from international sales.


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