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TIFFANY & CO. OF NEW YORK ANNOUNCES PLAN FOR A NEW LOCATION IN THE SOMERSET COLLECTION

 TIFFANY & CO. OF NEW YORK ANNOUNCES PLAN FOR A NEW LOCATION
 IN THE SOMERSET COLLECTION
 TROY, Mich., Dec. 5 /PRNewswire/ -- Tiffany & Co. of New York (NYSE: TIF) today announced that the company will open a 14,000-square- foot store next year in The Somerset Collection in Troy. The newest Tiffany store, which will represent Tiffany's full line of products, is expected to open in the fall of 1992. The announcement was made in New York by Tiffany & Co. Chairman William R. Chaney.
 "Tiffany's intent to open its only Michigan store in The Somerset Collection reiterates the center's reputation as the premier shopping address between New York and Chicago," said Nathan Forbes, president of Forbes/Cohen Properties, which manages the center. "The Somerset Collection store will offer Michigan shoppers one-of-a-kind merchandise unavailable anywhere else in the state."
 The new Tiffany store will house both retail and corporate division services on two levels and will be reminiscent of the New York flagship building on Fifth Avenue. The Troy location is the 14th Tiffany's in the nation and is integral to the company's domestic expansion program.
 "We have chosen the city of Troy and The Somerset Collection because they embody the elements which make a location most desirable for a new Tiffany store," said Chaney. "We are attracted to this metropolitan market because its affluent community appreciates our long-established traditions of excellence in design and craftsmanship."
 The Somerset Collection, a Forbes-Cohen/Frankel development, has recently begun an extensive expansion and renovation program. Upon completion of this program, the center will feature a second level with the finest in "couture" fashion and a three-level parking garage. In addition to Tiffany's, The Somerset Collection has attracted such prestigious retailers as Neiman-Marcus and Barneys New York, both of which will also open in fall of 1992.
 -0- 12/5/91
 /CONTACT: Frederick Marx of Marx Layne, 313-855-6777, for Forbes/Cohen Properties/
 (TIF) CO: Tiffany & Co.; The Somerset Collection; Forbes/Cohen Properties ST: Michigan, New York IN: REA SU:


SB -- DE010 -- 9606 12/05/91 10:52 EST
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Publication:PR Newswire
Date:Dec 5, 1991
Words:341
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