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 news 

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 CET

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.
12/09 TIFFANY : Kiwi fans set to get taste of Tiffany
12/09 Tiffany leads the way in precision ad-buying
12/08 TIFFANY SEES MODEST IMPROVEMENT IN T : Management Maintains Its Full Year Earnin..
12/06DJSUPREME COURT : Lower Court Should Reconsider What Samsung Owes Apple
11/29 TIFFANY : blames Trump protests for hurting flagship store sales
11/29 UnitedHealth and Tiffany rise while Anadarko and Delphi slip
11/29 TIFFANY : Jeweller Tiffany posts first sales rise in eight quarters
11/29 S&P 500 MOVERS : Mnk, tif
11/29 TIFFANY & CO. LAUNCHES VIDEO SERIES : New Ways of Seeing
11/29 TIFFANY : & CO Management's Discussion and Analysis of Financial Condition and R..
More news
Sector news : Jewelry & Watch Retailers
12/09 Japan's frugal millennials a bad omen for its economy
12/06DJFAST FASHION : How a Zara Coat Went From Design to Fifth Avenue in 25 Days
12/05 BURBERRY : rejects multiple takeover offers from Coach - Financial Times
12/01DJGAP : Same-Store Sales Dragged By Warehouse Fire
12/01DJAdidas Plots for More Gains in U.S.
More sector news : Jewelry & Watch Retailers
News from SeekingAlpha
12/08 Tiffany a top pick at Cowen
12/07 Tiffany - Bears Play Their Trump Card
11/30 Get Your Breakfast At Tiffany's, But Don't Buy The Stock
11/30 Tiffany's Will Get Trumped
11/30 TIFFANY : Making You Money
Advertisement
Financials ($)
Sales 2017 4 007 M
EBIT 2017 751 M
Net income 2017 464 M
Debt 2017 141 M
Yield 2017 2,03%
P/E ratio 2017 22,95
P/E ratio 2018 21,25
EV / Sales 2017 2,68x
EV / Sales 2018 2,60x
Capitalization 10 581 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 85,0 $
Spread / Average Target -0,06%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Frederic P. Cumenal President, Chief Executive Officer & Director
Michael Joseph Kowalski Non-Executive Chairman
John S. Petterson Senior VP-Global Operations & Customer Services
Mark J. Erceg Chief Financial Officer & Executive Vice President
Rose Marie Bravo Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TIFFANY & CO.11.44%10 581
CHOW TAI FOOK JEWELLER..25.35%8 155
SIGNET JEWELERS LTD.-20.19%6 869
SHANGHAI YUYUAN TOURIS..-30.26%2 346
LUK FOOK HOLDINGS (INT..26.06%1 573
ZALE CORPORATION0.00%915
More Results