- 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.

To continue reading this article...

load comments
blog comments powered by Disqus