By  on May 23, 2012

Tiffany & Co. may be breaking up with Elsa Peretti, its long-time jewelry partner.

The New York-based retailer’s relationship with the Italian designer began in 1974. Since 2009, Peretti-designed jewelry has accounted for 10 percent of Tiffany’s net sales, the company said. In 2011, Tiffany reported revenues of $3.64 billion.

The 72-year-old Peretti, who receives a royalty for Tiffany’s use of her intellectual property, has expressed interest in “retiring” from her relationship with the luxe jeweler, according to a regulatory filing with the Securities and Exchange Commission Wednesday.

 

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus