The following three charts (below) tell the story of why Frédéric Cuménal was dismissed after the 2016 financial year ended.
Almost all trends for all five segments and all three metrics for the past three years were downward, with the exception of revenue/operating profit for Japan in 2016.
Source: Tiffany 2016 Annual Report
T I F FA N Y & C O [ T I F : U S ]
GEOGRAPHIC SEGMENTS – RECENT TRENDS