Tiffany & Co. (NYSE: TIF) was founded in 1837 and changed its current name to Tiffany & Co. in 1853. It is headquartered in New York and has 14,200 full-time employees worldwide. It is a world-renowned luxury brand.
Tiffany Tiffany (TIF):
Tiffany & Co. was originally an American jewelry and silver jewelry company founded by Charles Louis Tiffany and Teddy Young in New York City, initially named Tiffany & Young. In 1853, Charles Tiffany took control of the company The company’s name was simplified to Tiffany & Co, and the company has since established its focus on the jewelry industry.
Tiffany has formulated its own gemstone and platinum standards, which have been adopted by the U.S. government as the official standard. Tiffany Blue is Tiffany’s iconic color, and Tiffany Blue Box has become a unique American fashion style. Sign.
Tiffany provides fine jewelry, engagement rings and wedding rings; it also designs, manufactures and sells watches, leather goods, sterling silver products, porcelain, crystals, stationery, glasses, perfumes and other accessories; and wholesales diamonds.
Tiffany & Co. sells its products through retail, internet and catalog, B2B and wholesale distribution channels.
As of January 31, 2018, Tiffany & Co. operated a total of 315 stores, including 124 stores in the Americas, 87 stores in the Asia-Pacific region, 54 stores in Japan, 46 stores in Europe, and 5 stores in the United Arab Emirates.
As of January 31, 2019, Tiffany & Co. has 124 stores in the Americas, 90 stores in the Asia-Pacific region, 55 stores in Japan, 47 stores in Europe, and the United Arab Emirates. There are 5 stores.
Tiffany Tiffany (TIF) History:
- In 1837, Tiffany was founded.
- In 1851, Tiffany introduced silver 925 ornaments.
- In 1861, President Lincoln spent $530 in Tiffany’s shop to purchase a set of pearl jewelry for his wife Mary.
- In 1886, Tiffany created the most classic six-claw platinum diamond ring.
- At the end of the 19th century, Tiffany’s founder Charles Tiffany was called the “King of Diamonds” by the American media.
- In 1960, the famous Hollywood actress Audrey Hepburn starred in “Breakfast at Tiffany’s”.
- In 1961, another US President Eisenhower also walked into Tiffany to buy jewelry for his wife, and asked Walter Hoving, the then boss, if he could give the US President a discount? Walter Hoving replied: “I’m sorry, when Lincoln came, there was no discount.” Eisenhower paid the full price convincingly.
- In 1986, Tiffany & Co opened a branch on Old Bond Street in London, laying the foundation for the expansion of the European market.
- In 1987, the company established its 150th anniversary.
- In 1996, a flagship store was opened in Ginza, Tokyo, a famous fashion landmark in Asia and the most expensive place in Japan.
- In 1999, Tiffany launched the diamond engagement ring Lucida, which means the stars of the galaxy in Latin.
- In 2000, the Tiffany & Company Foundation was established to provide grants to non-profit organizations working in the environmental and artistic fields.
- In 2001, Tiffany & Co opened its first Chinese store in the lobby of the Wangfu Hotel in Beijing.
- In 2003, Tiffany launched the Tiffany Legacy diamond engagement and wedding ring series.
- In June 2004, Tiffany sued EBay , claiming that the latter profited from selling counterfeit Tiffany products. However, Tiffany failed in trial and appeal.
- In 2006, Tiffany and Fank Gehry, the most famous master in the history of world architecture, joined forces to launch a jewelry series composed of 150 products, which caused amazement.
- In 2009, Japanese mobile phone operator SoftBank and Tiffany & Co. announced their cooperation. The two companies have designed a mobile phone with a limited edition of 10 and contains more than 400 diamonds with a total weight of more than 20 carats (4.0 grams). The price of each mobile phone exceeds 100 million yen (781,824 pounds).
- In early July 2013, a media report revealed that former Tiffany & Company vice president Ingrid Lederhaas-Okun was arrested and charged with stealing diamond bracelets, pendants and other jewelry worth more than $1.3 million. According to the U.S. Attorney in Manhattan, the official charges against Ms. Lederhaas-Okun accused her of “wire fraud and interstate transportation of stolen property.”
- In February 2017, Tiffany & Co. announced that CEO Frédéric Cuménal was fired 22 months after taking office, and blamed weak sales performance. Michael Kowalski temporarily replaced him.
- On October 26, 2019, Christian Dior subsidiary LVMH Group Generation is seeking to acquire Tiffany & Co.