Tiffany has announced the possible closure of sixteen Iridesse stores. The chain of pearl specialists was founded in 2004 but has not seen high sales figures in recent years, a shortcoming which has been exacerbated by the economic crisis.

Iridesse

“For a few years Iridesse has registered losses,” explains Mark Aaron, director of investor relations at Tiffany. “Add to that a difficult economic climate, and we were driven to take this decision.”

A decision which must be taken after consultation with the owners of the boutiques and after the liquidation of its stocks.

By Jonathan Fulwell (Source: Sarah Ahssen)