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Endpoint: Tiffany & Co.



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created on: 3/08/2021
by: Lo55o (12625)
 
 

Brand properties

General info :
Tiffany & Co. (colloquially known as Tiffany's) is the business name of Tiffany & Co. Corp., a corporation incorporated in the state of Delaware iactive as an American luxury jewelry and specialty retailer headquartered in New York City.
It sells jewelry, sterling silver, china, crystal, stationery, fragrances, water bottles, watches, personal accessories, and leather goods. Tiffany is known for its luxury goods, particularly its diamond and sterling silver jewelry. It markets itself as an arbiter of taste and style. These goods are sold at Tiffany stores, and through direct-mail and corporate merchandising.

Tiffany & Co. was founded in 1837 by the jeweler Charles Lewis Tiffany and became famous in the early 20th century under the artistic direction of his son Louis Comfort Tiffany. In 2018 net sales totaled US$4.44 billion. In 2019 Tiffany operated 326 stores globally in countries such as the United States, Japan, and Canada, as well as Europe, the Latin America and Pacific Asia regions.

LVMH Moët Hennessy Louis Vuitton (SA or Inc.) purchased Tiffany & Co for $15.8 billion in January 2021.

Founded in 1837 by Charles Lewis Tiffany and John B. Young in Brooklyn, Connecticut, as a "stationery and fancy goods emporium", with the help of Charles Tiffany's father who financed the store for only $1,000 with profits from a cotton mill. The store initially sold a wide variety of stationery items, and operated as "Tiffany, Young and Ellis" as of 1838 at 259 Broadway in Lower Manhattan. The name was shortened to Tiffany & Company in 1853, when Charles Tiffany took control and established the firm's emphasis on jewelry.

In 1902, after the death of Charles Lewis Tiffany, his son, Louis Comfort Tiffany, became the company's first official design director. In 1905, the Manhattan flagship store was relocated to the corner of 37th Street and Fifth Avenue, where it would remain for 35 years.

The company moved its flagship store to its present-day 727 Fifth Avenue building in 1940.

In November 1978, Tiffany & Co. was sold to Disney for about US$104 million in stock. However, in a 1984 Newsweek article, the Fifth Avenue Tiffany store was likened to the Macy's department store during a white sale, due to the high number of inexpensive items on sale; furthermore, customers complained about declining quality and service. In August 1984, Avon sold Tiffany to an investor group led by William R. Chaney for $135.5 million in cash. Tiffany went public again in 1987 and raised about $103.5 million from the sale of 4.5 million shares of common stock.

Due to the 1990–1991 recession in the United States, Tiffany commenced an emphasis upon mass merchandising.

The company's Francesca Amfitheatrof-designed Tiffany T collection debuted in 2014.

In November 2019, LVMH announced its purchase of Tiffany & Co for $16.2 billion, $135 per share. In December 2020, Tiffany & Co’s shareholders approved a $15.8 billion deal with LVMH. The deal closed on January 7, 2021.
Relations :
Founded by [1837] : Charles Lewis Tiffany
This endpoint is new to the database, please check he (it) is not in with a similar endpoint name association (and use the ENA function if necessary).
Brand name used by [2021 -] : LVMH Moët Hennessy Louis Vuitton SA
This endpoint is approved in the database from previous submissions.
Brand name used by : Tiffany & Co. Corp.
This endpoint is new to the database, please check he (it) is not in with a similar endpoint name association (and use the ENA function if necessary).
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Submitted by : Lo55o (12625)
on : 03/08/2021