Printer Friendly

TIFFANY & CO. ANNOUNCES PLANS FOR A SECOND STORE IN SINGAPORE

 TIFFANY & CO. ANNOUNCES PLANS FOR A SECOND STORE IN SINGAPORE
 NEW YORK, July 21 /PRNewswire/ -- Tiffany & Co. (NYSE: TIF), the 154-year-old American jeweler of international renown, will establish a second store in Singapore, it was announced today by William R. Chaney, Chairman. Tiffany has signed a letter of intent for a retail site in the Ngee Ann City development on prestigious Orchard Road, Singapore's premier luxury shopping district.
 Chaney reported that Tiffany's additional Singapore location is expected to open in the fall of 1993, as part of the firm's international expansion program. The Orchard Road store will be comprised of approximately 6,000 square feet and will represent Tiffany's fullest range of products in Southeast Asia. "We have chosen to open a second and larger location in Singapore, after the tremendous success of the first location in the newly renovated Raffles Hotel which opened in September 1991," commented Chaney. "We are attracted by the affluence of Singapore and the surrounding countries and by the fact that these communities appreciate our long established traditions of excellence in design and craftsmanship," Chaney noted.
 The Orchard Road location will be the largest existing Tiffany & Co. owned store in the Far East and will operate as a full service store on two levels under the direction of Ginny Ng, Managing Director of Tiffany & Co. Singapore.
 TIFFANY & CO. merchandise offerings include fine jewelry, sterling silverware, china, crystal, timepieces, stationery, writing instruments, fragrances and accessories. Tiffany operates three channels of distribution: U.S. Retail includes sales in TIFFANY & CO. stores and sales to a select group of jewelers and specialty retailers; Direct Marketing includes sales through the Corporate Division and the SELECTIONS catalogue; International Retail includes sales through the Company's stores and boutiques, as well as sales to retailers and distributors in the Far East, Europe, Canada and the Middle East.
 -0- 7/21/92
 /CONTACT: Mark Aaron, Investor Relations, 212-605-4016, or Kathleen Hearst, International Public Relations, 212-446-6844, both of Tiffany & Co./
 (TIF) CO: Tiffany & Co. ST: New York IN: REA SU: PDT


CM -- NY017 -- 1150 07/21/92 09:19 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 21, 1992
Words:346
Previous Article:EQUIFAX REPORTS SECOND QUARTER EARNINGS INCREASE
Next Article:TREADCO ANNOUNCES SECOND QUARTER 1992 OPERATING RESULTS
Topics:


Related Articles
TIFFANY & CO. ANNOUNCES PLANS FOR A TROY, MICH., STORE
TIFFANY & CO. OF NEW YORK ANNOUNCES PLAN FOR A NEW LOCATION IN THE SOMERSET COLLECTION
TIFFANY & CO. OPENS STORE IN SAN DIEGO
TIFFANY & CO. ANNOUNCES PLANS FOR A SECOND LOCATION IN HONOLULU IN THE ALA MOANA CENTER
TIFFANY & CO. ANNOUNCES PLANS FOR STORE IN GREATER MIAMI
TIFFANY & COMPANY OPENS NEW STORE IN HAWAII
TIFFANY REPORTS SECOND QUARTER RESULTS; STRONG U.S. RETAIL SALES OFFSET BY JAPAN REALIGNMENT
TIFFANY & CO. OPENS STORE IN BAL HARBOUR
TIFFANY & CO. ANNOUNCES PLANS FOR FURTHER EXPANSION IN THE U.S.; NEW STORES TO OPEN IN ILLINOIS AND NEW JERSEY
TIFFANY REPORTS FIRST QUARTER RESULTS; SALES ROSE 20 PERCENT AND NET EARNINGS INCREASED 81 PERCENT

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters