Tiffany Triumphs over Costco in Trademark Litigation

Today, the U.S. District Court for the Southern District of New York granted Tiffany & Co.’s motion for summary judgment in its entirety in Tiffany’s suit against Costco Wholesale Corporation. The Court denied Costco’s claim that “Tiffany” is a generic term for a pronged ring and further found that Costco was liable for trademark infringement and trademark counterfeiting in its use of “Tiffany” on signs in the jewelry cases at Costco to describe certain engagement rings that were not made by Tiffany & Co.

“We are gratified that the Court found that Costco’s use of the TIFFANY trademark infringed on our rights” said Leigh Harlan, Tiffany & Co. Senior Vice President, Secretary and General Counsel. In rendering its decision, the Court concluded that “Tiffany had proffered uncontroverted evidence demonstrating the strength of its mark.” Ms. Harlan added, “We believe this decision further validates the strength and value of the Tiffany mark and reinforces our continuing efforts to protect the brand.”

For nearly 130 years, the Tiffany® Setting has been sourced and manufactured to strict specifications, backed by a Tiffany lifetime guarantee. Tiffany maintains an aggressive and rigorous intellectual property program, and regularly takes actions against counterfeiters and infringers.

Tiffany is the internationally renowned jeweler founded in New York in 1837. Through its subsidiaries, Tiffany & Co. manufactures products and operates TIFFANY & CO. retail stores worldwide, and also engages in direct selling through Internet, catalog and business gift operations. For additional information, please visit Tiffany.com.

Tiffany & Co. to Open First Retail Store in New Zealand

Tiffany & Co., the internationally renowned jeweller, today announced plans to open its first company-operated retail store in New Zealand. The store will be located in Auckland’s Britomart, the city’s premier’s destination for luxury shopping and a prime heritage location.

The approximately 430 square metre store will occupy the entire ground floor of Australis House, at 36-38 Customs Street in Auckland, and is expected to open late 2016. Australis House, built in 1903, is Historic Places Trust Registered, and the interior is being carefully restored under the supervision of heritage architects to preserve and enhance its beautiful historic features.

“We are very excited to introduce Tiffany & Co. to New Zealand and launch with a magnificent store in Auckland,” said Glen Schlehuber, vice president and managing director of Tiffany & Co. “We have many loyal Tiffany customers in New Zealand and have been looking to establish a presence for some time, and the location at Britomart is perfect. We look forward to welcoming everyone to experience our iconic jewellery collections, heritage and craftsmanship that have distinguished Tiffany for over 175 years.”

The store’s interior will feature archival motifs symbolic of Tiffany’s great heritage of quality and design excellence. They include the colour Tiffany Blue, a symbol of luxury and style worldwide; polished stainless steel details with a wheat leaf pattern that frames the entrance of the jeweller’s Fifth Avenue flagship store; marble and amazonite floors; and custom furnishings inspired by the stained glass works of Art Nouveau designer Louis Comfort Tiffany, son of the company’s founder, Charles Lewis Tiffany.

Asia-Pacific represents Tiffany’s greatest region for store expansion. Auckland will be Tiffany’s first company-operated retail presence in New Zealand, complementing its current DFS trade partner location nearby. In addition, Tiffany & Co. maintains seven stores in Australia, one of which opened in 2014, as well as offers a selection of Tiffany & Co. merchandise for purchase in Australia through its website www.tiffany.com.au.

Tiffany is the internationally renowned jeweler founded in New York in 1837. Through its subsidiaries, Tiffany & Co. manufactures products and operates TIFFANY & CO. retail stores worldwide, and also engages in direct selling through Internet, catalog and business gift operations. For additional information, please visit Tiffany.com.

Tiffany Opens its First Store in Bangkok, Thailand

Tiffany & Co. today unveiled its first store in Bangkok, at The Emporium Shopping Complex, Sukhumvit Soi 24/26, in the city’s premier district for luxury shopping. Spanning over 4,000 square feet, the store reflects the company’s reputation as a global house of luxury combining the style of New York with the energy of Bangkok.

“We are very excited to open our first store in this beautiful city,” said Marc Jacheet, group vice president of Tiffany & Co. Asia Pacific. “The Emporium Shopping Complex is the ideal setting for a Tiffany store, and this is a wonderful opportunity to enchant our customers with the superior level of service and legendary jewels that have distinguished Tiffany & Co. for the past 178 years.”

Tiffany’s diamonds illuminate every collection, including engagement rings, the ultimate symbols of true love; radiant Tiffany Yellow Diamonds; Elsa Peretti’s jewelry of elegant simplicity and Paloma Picasso’s colorful creations. Customers will also discover bold and graphic Atlas® jewelry, along with Tiffany T, created by design director Francesca Amfitheatrof with all the energy and optimism of New York City, where the company was founded in 1837.

Tiffany’s architects and designers created a modern store environment embellished with archival motifs. The façade is finished with Art Deco-style fluting in stainless steel and a wheat leaf pattern etched in lacquer, details that distinguish the façade of the Fifth Avenue flagship store. The jewelry, bridal and private sales salons are seamlessly designed with walls of cream velvet surrounding stainless steel display cases, panels of wisteria in white gold, and magnolias blossoming in gold sconces and a hand-leafed chandelier created by New York-based artist, Michelle Oka Doner. These floral patterns are inspired by the stained glass masterworks of Louis Comfort Tiffany (1848–1932), son of the company’s founder and a legendary artist and designer.

Tiffany is the internationally renowned jeweler founded in New York in 1837. Through its subsidiaries, Tiffany & Co. manufactures products and operates TIFFANY & CO. retail stores worldwide, and also engages in direct selling through Internet, catalog and business gift operations. For additional information, please visit Tiffany.com.

Tiffany & Co. Releases Latest Sustainability Report

Tiffany & Co. today released its fifth annual Sustainability Report, now available online at Tiffany.com/sustainability, which outlines Tiffany’s sustainability initiatives and ongoing commitment to environmental and social responsibility.

“At Tiffany, we believe that sustainability is a critical element of our business strategy, and that sustainable principles should be practiced in every part of our company,” said Frédéric Cumenal, Tiffany & Co. CEO. In his first month as CEO, Cumenal appointed the company’s first Chief Sustainability Officer, Anisa Kamadoli Costa. The CSO will set the strategic sustainability agenda to ensure continuous improvement of social and environmental performance and further align with business objectives.

The 2014 Sustainability Report provides an overview of the company’s efforts around Tiffany’s most important environmental and social challenges, with a focus on responsible mining and sourcing of raw materials, ranging from diamonds and gold to packaging. Whether it’s protecting pristine landscapes like Yellowstone National Park and Bristol Bay from the damaging effects of mining, or voicing support for those protecting human rights in Angola and Zimbabwe, Tiffany & Co. believes that it must use the power of its brand and voice to encourage responsible and ethical behavior.

The following highlights specific areas of the report, which align with the Global Reporting Initiative (GRI) and United Nations Global Compact reporting frameworks.

Responsible Mining: In 2014, significant progress was made toward the development of a globally recognized standard for responsible mining. As a founding member of the Initiative for Responsible Mining Assurance (IRMA), Tiffany has collaborated with representatives from industry, NGOs, impacted communities, labor organizations and others to develop true third-party, multistakeholder standards for responsible mining. In 2015, after years of important dialogue, debate and productive compromise, IRMA plans to pilot the draft standard and release a revised draft before a final standard is adopted.

Unique within the jewelry industry, Tiffany has taken an innovative approach to sourcing by forming direct relationships with many of the mines that supply diamonds and precious metals. In 2014, Tiffany received 100% of its rough diamonds either directly from a known mine or a supplier with multiple known mines. A vast majority of the Company’s rough diamonds are cut and polished at Laurelton Diamonds facilities around the world to maintain the highest quality standards. Paper and Packaging: To ensure that the paper for Tiffany Blue Boxes and bags is responsibly sourced, 100% of paper suppliers for boxes and bags in 2014 were FSC® certified. FSC® certification assures that wood and paper products come from renewable and well-managed resources. In 2014, the Tiffany Blue Box® was made with more than 89% recycled content, and the Tiffany Blue bag was made with 50% recycled content.

Building Footprint: Tiffany committed to reducing total global GHG emissions by 15% from 2013 to 2020. To this end, the Company continued a global initiative to replace energy-intensive lights in retail displays with efficient LED lights and expanded it to include LED overhead lighting. By the end of 2014, over 30 retail locations were retrofitted with LED overhead lighting, with an additional 35-40 locations planned in 2015.

Our Employees: Tiffany recently introduced the Tiffany Academy for Excellence and Diversity in Leadership, a talent pipeline and rotational development program to attract, retain and advance diverse, high-potential talent. The Tiffany Academy’s current focus is on key departments in the United States, with the potential to expand. This is part of an important initiative to reframe Tiffany’s diversity and inclusion strategy. Diversity is a long held core value and the Company is excited about the potential opportunities that can be capitalized on from a talent and business perspective.

Charitable Giving: Charitable giving is an important part of the Company’s culture. Tiffany has a history of supporting cultural institutions in the company’s home base, New York City. For example, this year Tiffany entered into a long-term partnership with the Whitney Museum of American Art to support the Whitney’s 2017, 2019 and 2021 Biennials. Further, The Tiffany & Co. Foundation continues to play a key role in the Company’s sustainability efforts, supporting leading organizations working in areas like responsible mining and coral conservation.

For more details on these highlights and to read the full report, please visit Tiffany.com/sustainability or follow #TiffanyCSR.

Tiffany is the internationally renowned jeweler founded in New York in 1837. Through its subsidiaries, Tiffany & Co. manufactures products and operates TIFFANY & CO. retail stores worldwide, and also engages in direct selling through Internet, catalog and business gift operations. For additional information, please visit Tiffany.com.

Tiffany’s Fall 2015 Advertising Campaign for New Diamond Collection Highlights Real Families and Celebrates the Human Connection Between Loved Ones

Tiffany & Co. launches its fall 2015 ad campaign with three newly designed jewelry collections—Tiffany Victoria™, Tiffany Bow and Tiffany Infinity—sparkling with diamonds in images that express not just personal style, but also cherished connections between friends and loved ones.

“Tiffany jewelry has long symbolized relationships that bring happiness and meaning to life,” said Caroline Naggiar, Tiffany’s chief marketing officer. “It’s part of our great legacy, and we are proud to feature real life families in this campaign, adding a genuine emotional component to the designs’ style and beauty.”

The jewelry brilliantly accents acclaimed photographer Mario Sorrenti’s black-and-white photographs, which include sisters Dree and Langley Fox Hemingway, who share a lifetime of memories; models Crista Cober and Imaan Hammam, as relaxed as longtime friends; and model Doutzen Kroes with her son Phyllon, appearing together for the first time in an ad campaign.

Stylist Tabitha Simmons chose graceful, feminine fashion, layering the jewelry in various ways to show diversity of feeling and the evolution of these three collections. Design director Francesca Amfitheatrof added round and pear-shaped diamonds to give Tiffany Victoria™ the delicacy of petals. Her Tiffany Bow recalls the slender thread one might tie around a finger to remember something—or someone. Tiffany Infinity, inspired by the continuous energy and vitality of an ancient symbol, is contoured in a contemporary way. These collections can be seamlessly incorporated into everyday personal style, day or night, to create a spectacular diamond look.

The campaign was created with Tiffany’s ad agency, Ogilvy & Mather in New York. The campaign will appear in print, in the Autumn / Winter 2015 “This is Tiffany – 2nd edition” magazine, as well as across digital properties under the hashtags #TiffanyVictoria, #TiffanyBow and #TiffanyInfinity.

Sorrenti, renowned for high fashion editorial spreads and legendary campaigns, also directed a black-and-white film of the campaign that captures the joys of being together.

Tiffany is the internationally renowned jeweler founded in New York in 1837. Through its subsidiaries, Tiffany & Co. manufactures products and operates TIFFANY & CO. retail stores worldwide, and also engages in direct selling through Internet, catalog and business gift operations. For additional information, please visit Tiffany.com.

Tiffany Names Philippe Galtié Senior Vice President – International

Tiffany & Co. (NYSE: TIF) has announced the appointment of Philippe Galtié to the position of Senior Vice President – International, effective August 17th.

“This knowledge will have a significant impact on the oversight and management of our store design and strategic planning teams.”

Frédéric Cumenal, Chief Executive Officer of Tiffany & Co., said, “In addition to directing all of the sales channels for the EMEA, Greater China, Asia-Pacific and Japan regions, Philippe also brings to Tiffany & Co. a seasoned understanding of the global retail landscape.” Adding, “This knowledge will have a significant impact on the oversight and management of our store design and strategic planning teams.”

Mr. Galtié, 54, began his career with a range of general management and global marketing roles at Moët-Hennessy, Mars Inc., Eridania Beghin Say and the Nestlé Group. For the past 15 years Mr. Galtié held positions at Cartier, where he served as country head or other senior positions throughout Japan, Greater China and the Asia Pacific regions. Most recently, Mr. Galtié held the post of Cartier’s International Retail Director.

Tiffany is the internationally-renowned jeweler founded in New York in 1837. Through its subsidiaries, Tiffany & Co. manufactures products and operates TIFFANY & CO. retail stores worldwide, and also engages in direct selling through Internet, catalog and business gift operations. For additional information, please visit www.tiffany.com or call our shareholder information line at 800-TIF-0110.