Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Tiffany & Co.    TIF

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Tiffany & Co. : Tiffany Set to Expand in United Arab Emirates

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/19/2012 | 04:05pm CEST

Tiffany & Co. (NYSE: TIF) today announced that it has signed a memorandum of understanding to enter into a strategic joint venture with Damas Jewellery, a company incorporated under the laws of Dubai, related to the operation of TIFFANY & CO. retail stores in the United Arab Emirates.

Frederic Cumenal, executive vice president, said, "We are very pleased to extend our relationship with Damas Jewellery through this joint venture, which will enable us to better integrate five existing TIFFANY & CO. stores into our worldwide store network and enhance awareness of our brand in the United Arab Emirates. We see very exciting opportunities to expand our sales throughout this important region. Representing Tiffany in the venture is Laurent Cathala, Tiffany's vice president - emerging markets."

Under the memorandum of understanding which covers five TIFFANY & CO. stores (three in Dubai and two in Abu Dhabi) as well as future store expansion, Tiffany will be responsible for merchandise assortment and pricing, advertising and promotional activities, staffing, store design and visual display and financial services. The joint venture is expected to begin operating in the second quarter of 2012.

Prior to establishing the joint venture, Tiffany sold merchandise, on a wholesale basis, to Damas which operated the TIFFANY & CO. stores. Both Tiffany and Damas are contributing capital to the joint venture.

Tiffany & Co. operates jewelry stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific, Japan and Europe and engages in direct selling through Internet, catalog and business gift operations. For additional information, please visit www.tiffany.com or call our shareholder information line at 800-TIF-0110.

This document contains certain "forward-looking" statements concerning the Company's objectives and expectations. Actual results might differ materially from those projected in the forward-looking statements. Information concerning risk factors that could cause actual results to differ materially is set forth in the Company's 2010 Annual Report on Form 10-K and in other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances.

Tiffany & Co.
Mark L. Aaron, 212-230-5301
Mark.aaron@tiffany.com
or
Linda Buckley, 212-277-5900
Linda.buckley@tiffany.com


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TIFFANY & CO.
03/24 INSIDER TRADING ACTIVITY TIFFANY & C : TIF) – Insider Sold 37,000 shares o..
03/23 INSIDER TRADING ACTIVITY TIFFANY & C : TIF) – Director Sold 7,500 shares o..
03/23 TIFFANY : on hunt for new CEO
03/20 TIFFANY : dulled
03/20 TIFFANY : Reports full year and fourth quarter 2016 results; sales and earnings ..
03/17 Amgen and AXT slump while Adobe and Tiffany advance
03/17DJMARKET SNAPSHOT : Stock Market Slides At Close But Holds On To Weekly Gains
03/17 TIFFANY : & CO Management's Discussion and Analysis of Financial Condition and R..
03/17DJMARKET SNAPSHOT : Stock Market Struggles For Traction, But Weekly Gains In Sight
03/17 TIFFANY & CO. : (TIF) Gains on Q4 Earnings
More news
Sector news : Jewelry & Watch Retailers
03/20DJBELLE INTERNATIONAL : Expects Fiscal Year Net Profit to Fall 15%-25%
03/16DJToday's Top Supply Chain and Logistics News From WSJ
03/16DJZARA'S NEW RETAILING FOCUS : Bigger Bricks, More Clicks -- WSJ
03/15DJZARA'S NEW FOCUS : Bigger Bricks, More Clicks -- 4th Update
03/15 Resources stock rally drives European shares to two-week closing high
More sector news : Jewelry & Watch Retailers
News from SeekingAlpha
03/23 Tiffany & Co. Understood What Customers Want
03/20 Tiffany rises on William Blair upgrade
03/19 Tiffany & Co. - A Thing Of Beauty
03/18 Tiffany - Improving Performance, Growth Ahead
03/17 Tiffany's (TIF) CEO Michael Kowalski on Q4 2016 Results - Earnings Call Trans..
Advertisement
Financials ($)
Sales 2018 4 108 M
EBIT 2018 776 M
Net income 2018 494 M
Debt 2018 56,1 M
Yield 2018 1,96%
P/E ratio 2018 23,89
P/E ratio 2019 21,91
EV / Sales 2018 2,90x
EV / Sales 2019 2,76x
Capitalization 11 842 M
More Financials
Chart TIFFANY & CO.
Duration : Period :
Tiffany & Co. Technical Analysis Chart | TIF | US8865471085 | 4-Traders
Full-screen chart
Technical analysis trends TIFFANY & CO.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 93,9 $
Spread / Average Target -1,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Michael Joseph Kowalski Non-Executive Chairman & Chief Executive Officer
John S. Petterson Senior VP-Global Operations & Customer Services
Mark J. Erceg Chief Financial Officer & Executive Vice President
Rose Marie Bravo Independent Director
Charles K. Marquis Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TIFFANY & CO.22.78%11 842
CHOW TAI FOOK JEWELLER..22.87%9 386
SIGNET JEWELERS LTD.-26.10%4 758
SHANGHAI YUYUAN TOURIS..0.00%2 385
LUK FOOK HOLDINGS (INT..26.30%1 852
SHENZHEN IDEAL JEWELLE..--.--%771
More Results