NEW YORK — Branching out beyond its signature chain, Tiffany & Co. said Thursday it has invested in New York-based jewelry firm Temple St. Clair to help it launch a retail business.
The investment was made through East Pond Holdings, a subsidiary of Tiffany & Co., which handles investments in non-Tiffany activities. Tiffany’s Temple St. Clair investment will be handled by the Fifth Avenue jeweler’s specialty retail division, which was started last year with the completion of the acquisition of Little Switzerland, the specialty retailer with 17 luxury boutiques on five Caribbean islands and in Alaska.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)