Friday 2 July 2010

Tiffany & Co Set To Expand Further Overseas - 02/07/10

Tiffany & Co are not only surviving, they are growing rapidly, with the announcement this week of expansion plans throughout the U.S and India. The company recently expanded into a new accessory line, as they branched into the handbag market, but this time around, they are looking to double their U.S stores and tap into the Indian market.

Chief Financial Officer, James Fernandez stated "we are well positioned for the future and continuing our evolution into a successful geographically diversified retailer.” Tiffany have currently projected earnings of US $2.55 to $2.60 a share on sales growth of 11% this current fiscal year. It looks to be yet another egg-shell blue day!

Image credit: tiffany.com

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Posted by MO at 6:00 am
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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, www.moluxury.com.au