Last $97.50 USD
Change Today -0.11 / -0.11%
Volume 15.8K
TIF On Other Exchanges
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As of 9:36 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

tiffany & co (TIF) Snapshot

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07/3/14 - $103.38
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10/9/13 - $73.63
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tiffany & co (TIF) Details

Tiffany & Co., through its subsidiaries, designs, manufactures, and retails jewelry worldwide. The company operates through Americas, Asia-Pacific, Japan, Europe, and Other segments. Its jewelry products include fine and solitaire jewelry; engagement rings and wedding bands to brides and grooms; and non-gemstone, sterling silver, gold, and metal jewelry. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories. Tiffany & Co. sells its products through retail sales, Internet and catalog sales, business-to-business sales, and wholesale distribution. As of April 30, 2014, it operated 292 stores, including 121 stores in the Americas, 72 stores in the Asia-Pacific, 55 stores in Japan, 38 stores in Europe, 5 stores in the United Arab Emirates, and 1 store in Russia. The company was founded in 1837 and is headquartered in New York, New York.

10,600 Employees
Last Reported Date: 04/1/14
Founded in 1837

tiffany & co (TIF) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $997.3K
President and Director
Total Annual Compensation: $847.7K
Senior Vice President of Merchandising
Total Annual Compensation: $835.5K
Executive Vice President
Total Annual Compensation: $738.0K
Compensation as of Fiscal Year 2013.

tiffany & co (TIF) Key Developments

Tiffany & Co. Announces Executive Changes

On July 21, 2014, Tiffany & Co. announced that its chief executive officer, Michael J. Kowalski, will retire effective March 31, 2015. Mr. Kowalski, who is also a member of the company’s Board of Directors, will continue to serve on the Board, in the role of non-Executive chairman. Mr. Kowalski, has served as the company’s chief executive officer since 1999 and assumed the role of chairman of the Board in 2003. The company also announced that the Board has named Frederic Cumenal to succeed Mr. Kowalski as chief executive officer, effective April 1, 2015. In September 2013, Mr. Cumenal, was appointed president of the company, with responsibilities for worldwide sales and distribution as well as the company's design, merchandising and marketing functions. At that time he was also appointed to a newly created seat on the Board. Mr. Cumenal initially joined the company in March 2011 as an executive vice president with responsibilities for sales and distribution. In the preceding 15 years, he held senior leadership positions in LVMH Group's wine and spirits businesses, most recently as president and chief executive officer of Mo t & Chandon, S.A. Mr. Cumenal previously served as chief executive officer of Domaine Chandon, and was managing director of Mo t Hennessy Europe.

Tiffany & Co. Employee Sues the Company over Discrimination Against Blacks

A manager at Tiffany & Co. sued the company, saying it discriminated against him and other blacks. A complaint filed in federal court Thursday in New York said that blacks are underrepresented in management-level positions at Tiffany and excluded from executive-level roles. It said that the plaintiff, Michael McClure, is the only African-American in the more than 200 U.S. management positions at New York-based Tiffany. McClure is a group director, with management responsibility for two Tiffany stores in Houston. The complaint said that he was placed on warning and threatened with termination after a performance review that he says was unfair. As a result of the warning, he was denied an annual bonus and merit pay. The complaint also said that McClure got an unsigned letter saying that the senior vice-president of North America for Tiffany, had said he was surprised that "a black man is representing the Tiffany brand" to a small group of other Tiffany employees.

Tiffany & Co. Declares Regular Quarterly Dividend, Payable on July 10, 2014

The Board of Directors of Tiffany & Co. declared a regular quarterly dividend of $0.38 per share of common Stock, reflecting a 12% increase in the quarterly rate. The dividend will be paid on July 10, 2014 to stockholders of record on June 20, 2014.


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