- LITTLE SWITZERLAND: Tiffany & Co. said on Thursday that it has inked an agreement to sell Little Switzerland to NXP Corp. Terms of the deal were not disclosed, but Tiffany said the loss connected with the transaction is expected to reduce the specialty retailer's second-quarter aftertax earnings by 15 to 18 cents a diluted share. Tiffany's second quarter ended July 31. It expects the deal to be complete by the end of August. NXP operates jewelry stores under the Jewels and Azura by Jewels nameplates in the Caribbean.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"