Thursday, 8 October 2009

Tiffany & Co. Shares Reach New Heights – 8/10/09

Tiffany & Co.’s shares have risen to the highest level in more than a year, after Citigroup recommended buying their shares, according to Bloomberg.

The stock climbed 4.6 percent after a Citigroup report announced, “We believe Tiffany will benefit from market-share gains given capacity withdrawal -- liquidations, store closures -- beginning in the fourth quarter of 2009 as consumer spending stabilizes.”

For more facts and figures, read the full Bloomberg article.

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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury,