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Article: Breakfast is finally being served: Tiffany. (Tiffany and Co)
- Article from:
- The Economist (US)
- Article date:
- July 30, 1994
CopyrightCOPYRIGHT 1994 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FEW American companies have a better pedigree than Tiffany & Co.
Even the wooden and glass counter-tops in the jeweller's store on
New York's Fifth Avenue date from the turn of the century. Yet
since it was bought by its managers a decade ago and subsequently
taken public, Tiffany has gradually started to act less like a
New York institution and more like an international business: it
now has 79 shops across the world. Even so, the firm has too
often left its shareholders with the same worn look as Holly Golightly's cinematic suitors. Is that about to change?
Last year Tiffany increased its sales by 16% to Dollars567m, but
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