MADRID - Tiffany & Co.’s first Spanish flagship is only part of the luxury retailer’s ambitious rollout plan.
“We started accelerating our European and Asian rollout about 5 years ago and today those markets are the fastest growing segments of our business,” James Quinn, Tiffany president, said on the eve of the Madrid launch. “In Europe, we’re opening our sixth London store at the end of this week in Westfield Mall; Dublin will roll out end of November; and we opened two stores in Berlin and Düsseldorf last month.”
In addition, “The Far East is very busy. We just opened four more stores in China and we’re looking at an additional four in the region for next year,” he added.
Quinn acknowledged the current economic crisis makes for “a challenging time. Our business in Europe is still growing but we’re cautious about growth for the coming year.”
Located on Calle José Ortega y Gasset, home to the likes of Louis Vuitton, Chanel and Giorgio Armani, the two-level Madrid store houses “a full assortment - and a more traditional retail format and selection than the recently launched California unit,” explained Linda Buckley, vice president of public relations.
The space spans 6,000 square feet with jewelry displayed under glass cases. The Madrid boutique, one of 170 worldwide, boasts a sedate environment in dark grainy woods, patterned marble, stainless-steel casing and a neutral color palette of beige, sand, grey and lilac.
High-end diamond pieces, wedding bands, engagement rings, charms and colored gemstones are upstairs; with Tiffany’s gold and silver collections including 1837, Notes, Somerset and Atlas on the lower floor. Retail price ranging from 150 euros ($187, at current exchange) to upwards of 2 million euros ($2.5 million).
For the opening, the retailer brought over its “Bird on a Rock” brooch by Jean Schlumberger, which is usually on permanent display in the Fifth Avenue store. Featuring a massive fancy yellow diamond of 128.54 carats, it was worn by Audrey Hepburn in publicity stills for “Breakfast at Tiffany’s.” It will be on display here until November 8.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews