News

Retail Top 100 2012, No. 25: Tiffany

December 25, 2012

According to data compiled by Bloomberg, Tiffany nearly tripled its value from the sale of engagement rings alone, helped along by price increases and sales in the Asia-Pacific region. It boosted its market capitalization to $8.6 billion in 2011, up from $3.1 billion in June 2009, when the U.S. economy emerged from the longest contraction since the Great Depression. The world’s second-largest jewelry retailer became a likely takeover target after Swatch Group AG terminated its 20-year watch partnership with the jeweler 16 years early. The company reported a 63 percent jump in fiscal third-quarter 2010 earnings as every geographic segment saw double-digit sales growth, including a 17 percent increase in the Americas, which accounted for the bulk of its 21 percent revenue growth.

Download the complete Top 100.