Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


Tiffany & Co Extends Agreement with Designer Elsa Peretti (TIF)

Thursday, January 3, 2013 3:39 AM
Luxury Jewelry maker, Tiffany & Co. (NYSE: TIF) announced that it has renewed its agreement with Italian Jewelry designer Elsa Peretti, bringing relief for investors who were worried that ending deal with star designer would adversely dent results for a company already reeling under pressure. At present, jewelry designed by well-known Italian designer constitutes 10 percent of total sales for Tiffany. According to the deal, the New York based Company will continue to have exclusive rights to Peretti’s work and the licensing agreement last for 20 years. Elsa Peretti, who also worked with Halston, a high-end jewelry designer, will get royalties and $47 million, according to Tiffany’s regulatory filing on Wednesday. The agreement is likely to soothe both investors and Company’s nerves as Elsa Peretti said last year that she was disinclined to continue her contract with Tiffany & Co. According to Tiffany & Co,  ending  agreement with Elsa Peretti might have badly hurt its business. Meanwhile, Jefferies Group has maintained its “hold” rating on shares of Tiffany & Co.  In its research report to investors on Wednesday, the firm said that it currently keeps a price target on stock at $55. Several other Wall Street rating firms have commented on Tiffany & Co’s stock, lately. While analysts at Credit Agricole slashed their price target on shares of Tiffany & Co. from $69.00 to $65.00, keeping an “ outperform “rating on the stock, analysts at TheStreet, in a research note to investors on Dec 28, maintained  “buy” rating on shares of Tiffany & Co. On Wednesday, shares of Tiffany & Co gained 2.77 percent, closing at $58.93.
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!

Latest Headlines

EU lawmakers urge regulators to be tough on GoogleEU lawmakers urge regulators to be tough on Google
BRUSSELS (Reuters) - European Parliament lawmakers voted on Thursday in favor of a resolution urging antitrust regulators to consider splitting Internet search engines such as Google from other commer...
EU lawmakers urge regulators to get tough on GoogleEU lawmakers urge regulators to get tough on Google
BRUSSELS (Reuters) - European Union lawmakers overwhelmingly backed a motion on Thursday urging antitrust regulators to get tough on Google and other Internet search engines and consider breaking th...
EU's Juncker survives no confidence vote in EU parliamentEU's Juncker survives no confidence vote in EU parliament
BRUSSELS (Reuters) - European Commission President Jean-Claude Juncker easily survived a confidence vote in the European Parliament on Thursday brought over revelations that Luxembourg attracted multi...
Exclusive: France, Italy, Belgium budgets may break rules, EU Commission will look again in March - documentsExclusive: France, Italy, Belgium budgets may break rules, EU Commission will look again in March - documents
BRUSSELS (Reuters) - The European Commission will tell France, Italy and Belgium on Friday that their 2015 budgets risk breaking EU rules, but it but will defer decisions on any action until early M...
Exclusive: France, Italy, Belgium may break budget rules, EU to revisit in MarchExclusive: France, Italy, Belgium may break budget rules, EU to revisit in March
BRUSSELS (Reuters) - The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March. A...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.

Algorithm Based
Trade Signals
arrow
small cap swing trades SmallCaps stocks under $10
Index Signals Index Signals SPY, QQQ, DIA, IWM
options trading Mega Stocks options + stock trade signals
Forex Forex Signals major FX pairs signals