Tiffany & Co., through its subsidiaries, operates as a jeweler and specialty retailer. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories. Segments The company’s segments are as follows: Americas, the Asia-Pacific, Japan, Europe, and Other. The Americas segment includes sales in company-operated TIFFANY & CO. stores in the United States, Canada and Latin America, as well as sales of the company’s products in certain markets through business-to-business, Internet, catalog and wholesale operations. Retail sales in this segment are transacted in 122 company-operated stores. The company distributes a selection of its products in the U.S. and Canada through the Websites at www.tiffany.com and www.tiffany.ca. Selected merchandise is sold to independent distributors for resale in markets in the Central/South American and Caribbean regions. The Asia-Pacific segment includes sales in company-operated stores, as well as sales of its products in certain markets through Internet and wholesale operations. Retail sales in the Asia-Pacific segment are transacted in 73 company-operated stores. The company offers a selection of merchandise for purchase in Australia through its Website at www.tiffany.com.au. Selected merchandise is sold to independent distributors for resale in certain markets. The Japan segment includes sales in company-operated stores, as well as sales of its products through business-to-business, Internet and wholesale operations. Retail sales in Japan are transacted in 56 company-operated stores. The company offers a selection of merchandise for purchase in Japan through its Website at www.tiffany.co.jp. Selected merchandise is sold to independent distributors for resale in Japan. The Europe segment includes sales in company-operated stores, as well as sales of its products in certain markets through the Internet. Retail sales in Europe are transacted in 38 company-operated stores. The company offers a selection of merchandise for purchase in the U.K., Austria, Belgium, France, Germany, Ireland, Italy, the Netherlands and Spain through its Websites, which are accessible through www.tiffany.com. The Other segment consists of all non-reportable segments. This segment includes the Emerging Markets region, which consists of retail sales in company-operated TIFFANY & CO. stores in the United Arab Emirates (U.A.E.) and in Russia, as well as wholesale sales of TIFFANY & CO. merchandise to independent distributors for resale in certain emerging markets. In addition, this segment includes wholesale sales of diamonds obtained through bulk purchases that were subsequently deemed not suitable for the company's needs. Retail sales are transacted in five company-operated stores in the United Arab Emirates, and beginning in 2014, one company-operated store in Russia. Merchandise The company primarily manufactures jewelry in New York, Rhode Island, and Kentucky, and silver hollowware in Rhode Island. In 2014, the company also established jewelry manufacturing operations in Thailand and jewelry polishing operations in the Dominican Republic. The company processes, cuts and polishes diamonds at other facilities outside the U.S. Rough and Polished Diamonds: The majority of diamonds purchased by the company originate from Australia, Botswana, Canada, Namibia, Russia and Sierra Leone. The company has established diamond processing operations that purchase, sort, cut and/or polish rough diamonds for its use. The company has such operations in Belgium, Botswana, Mauritius, Namibia and Vietnam. The company also established such operations in Cambodia in 2014. Its operations in Botswana and Namibia allow it to access rough diamond allocations reserved for local manufacturers as operations in those countries are conducted through companies in which local third-parties own minority, non-controlling interests. The Diamond Trading Company (DTC): The supply and prices of rough and polished diamonds in the principal world markets have been influenced by the DTC, an affiliate of the De Beers Group. The company is a DTC sightholder for rough diamonds through its operations in Belgium and its African joint ventures. Manufactured Diamonds: Manufactured diamonds are produced in small but growing quantities. Purchases of Other Polished Gemstones and Precious Metals: Other polished gemstones and precious metals used in making jewelry are purchased from various sources. The company enters into purchase orders for fixed quantities with other polished gemstone and precious metals vendors. Finished Jewelry: Finished jewelry is purchased from approximately 55 manufacturers, most of which have long-standing relationships with the company. Watches: The company is proceeding with plans to design, produce, market and distribute TIFFANY & CO. brand watches through certain of its Swiss subsidiaries. Trademarks The designations TIFFANY and TIFFANY & CO. are the principal trademarks of the company, and also serve as tradenames. The company has obtained and is the proprietor of trademark registrations for TIFFANY and TIFFANY & CO., as well as the TIFFANY BLUE BOX and the color TIFFANY BLUE for various product categories and services in the U.S. and in other countries. Seasonality As a jeweler and specialty retailer, the company's business is seasonal in nature, with the fourth quarter typically representing approximately one-third of annual net sales and a higher percentage of annual net earnings. History Tiffany & Co. was founded in 1837.
tiffany & co (TIF:Berlin)
727 Fifth Avenue
New York, NY 10022
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