• About
  • Contact
Sunday, July 3, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Tiffany & Co. Opens Their First Store In New Delhi, India

Pritish raj by Pritish raj
February 3, 2020
in News, Retail
Reading Time: 2 mins read
A A
0
Tiffany India- Next Big Brand

Tiffany India- Next Big Brand

  • Tiffany & Co., a New York-based American luxury jewelry company, has launched its first country store in India at The Chanakya, New Delhi in partnership with RIL.

Tiffany & Co., a New York-based American luxury jewelry company, has launched its first country store in India at The Chanakya, New Delhi, the firm said in a statement.

“The launch of Tiffany & Co. in India marks an important milestone for our iconic brand,” said Alessandro Bogliolo, chief executive of Tiffany & Co.

The shop that stretches over 2600 sq.ft. The retail space also provides a private lounge for scheduled appointments, to improve the shopping experience of customers.

“As a global luxury jeweler with stores in many of the world’s most important cities, the arrival of Tiffany in New Delhi presents a unique opportunity, especially given India’s luxury consumer base and jewelry passion,” he added.

With more than 300 stores around the globe, e-commerce websites in 14 markets, and 14,000 tiffany employees manufacture and market jewelry, watches, and luxury accessories.

This partnership is between Reliance Industries and iconic American jeweler Tiffany & Co.

Tiffany is one of the latest brands that the Mumbai-based firm has added to its growing portfolio of luxury and premium fashion labels. Earlier this year, the company bought out British toy retailer Hamleys for GBP 67.96 million (about ₹620 crores) in an all-cash deal.

At present, the company manages over 60 brands including Kate Spade, Muji, Steve Madden, Superdry, Diesel, Hunkemoller, Iconix, Juicy Couture, among others. It also has 420 single-brand stores and retails via 350 shop-in-shops in India.

Mehta said despite the slowdown in consumption and overall economy, the company’s expansion plans and new store openings are on track. “We do not measure our business on a quarter to quarter basis. We see long term trends. We are scheduled to open 100 stores in the current year across our portfolio,” he said.

This will be the third effort to create a presence on the Indian market by New York City headquartered Tiffany & Co. His first franchise agreement with a local jeweler was ineffective, opening a shop in Mumbai’s Oberoi hotel years earlier. The company’s shops are available in China, Australia, Canada, France, United Kingdom, Hong Kong, Japan, and the UAE in addition to the United States.

Tiffany & Co.’s global net revenues decreased 3% year-on-year to $1 billion in the first half of 2019, and its net profits of $125 million were 12% lesser than a year ago. At the moment of announcing income numbers, CEO Alessandro Bogliolo said the company’s first-quarter findings represented important headwinds in foreign exchange and dramatically reduced global expenditure ascribed to international visitors. The total net revenues of the company decreased 1 percent to $324 million in the Asia Pacific.

Recently, Louis Vuitton brought Tiffany & Co. for $16.7 billion.

Previous Post

Kia Motors Post Highest Monthly Sales In India With Sale Of Seltos

Next Post

Another round of OYO Layoffs, This Time It’s The US

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Facebook Meta nft profiles
Cryptocurrency

Facebook Starts Testing Ethereum and Polygon NFTs on Profiles

July 1, 2022
Khaby Lame Binance
Cryptocurrency

Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption

June 30, 2022
Metawhale Team
Cryptocurrency

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
WhiteHat Jr Ads- Next Big Brand
News

Byju’s-owned WhiteHat Jr Lays Off 300 Employees

June 29, 2022
Reliance CEO Mukesh Ambani
Industries

Mukesh Ambani Resigns as Director of Reliance Jio, Son Aakash Ambani Named Chairman

June 28, 2022
Cryptoys Logo
Cryptocurrency

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys

June 28, 2022
Next Post
Mass OYO layoffs - Next Big Brand

Another round of OYO Layoffs, This Time It's The US

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Understanding The Most Popular Types of NFTs
  • Facebook Starts Testing Ethereum and Polygon NFTs on Profiles
  • Binance Taps Most Popular Tiktok Star Khaby Lame To Drive Web3 Adoption

Latest News

20220702 145214 0000

Understanding The Most Popular Types of NFTs

July 2, 2022
Facebook Meta nft profiles

Facebook Starts Testing Ethereum and Polygon NFTs on Profiles

July 1, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.