The jewelry retailer announced on Monday that its SVP and chief merchandising officer, Pamela Cloud, will be stepping down from her position, and also revealed that it is creating the new role of chief brand officer.
Tiffany & Co has asked Bulgari owner LVMH to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.
Tiffany investors are hoping for a higher offer than LVMH's proposal worth $120 a share. But the deal will require a lot of polish if it is to make sense for the French company’s shareholders, analysts say.
Anglo American unit De Beers said its 2019 marketing budget will exceed last year’s figure of $170m and will focus on the biggest market the United States, where women lavishing diamonds on themselves has boosted sales.
Third-quarter earnings showed that, despite China's economic growth slowing to a three-decade low, shoppers are continuing to spend heavily on luxury - but doing it at home or online, making savings on holiday costs.
Thriving demand in mainland China drove sales higher at luxury brand Hermès in the third quarter, helping it offset a slowdown in Hong Kong, and the company said on Thursday that the momentum had carried into October.