Outside Tiffany’s jewellery offering (92% of Tiffany’s FY2016 sales), the Company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances and accessories. Some of the earnings come from third-party licensing agreements (e.g., fragrances with Coty, sunglasses with Luxottica).
Tiffany also engages in wholesale sales of diamonds.
Tiffany recently launched a home & accessories collection (designed by Reed Krakoff) that has been creating quite a bit of buzz on social media and is likely to lure curious Millennial shoppers to walk into the store.
We believe with the relaunching of watches, the expansion into adjacent categories through thirdparty licensing and in-house designed new collections, this segment will provide meaningful growth opportunities for the future.
Source: Tiffany 2016 Annual Report
T I F FA N Y & C O [ T I F : U S ]
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