Union, N.J. — Bed Bath & Beyond Inc. has named John Barresi as senior vice president of finance, chief accounting officer, effective June 7, 2021. He will report to Gustavo Arnal, executive vice president and CFO. In the newly created role, Barresi will lead a team responsible for the development and execution of all corporate accounting and financial reporting functions, including maintenance of fiscal records, management of transactional shared services, preparation of internal and external financial reports, SEC and other regulatory reporting, among other corporate accounting activities. The company has …
Tiffany & Co.
Tiffany & Co. Unveils Plans for Redevelopment of Upper Floors of Flagship Store in Manhattan
New York City — Luxury jeweler Tiffany & Co. has unveiled plans for the redevelopment of the upper floors of its flagship store at 727 5th Ave. in Manhattan. The top three floors of the 10-story building will be converted from office space into a new exhibition and event space surrounded by a curtain of glass complementing the limestone façade below. That space was originally completed in 1980, and the building itself was originally constructed in 1940. Tiffany has partnered with The Office of Metropolitan Architecture on the project, which …
Paris and New York City — LVMH Moët Hennessy Louis Vuitton SE (LVMH), the world’s leading luxury group, and Tiffany & Co., the global luxury jeweler, have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or $16.2 billion. The transaction is expected to close in the middle of 2020. For more than 180 years, Tiffany has been synonymous with elegance, innovative design, fine craftsmanship and creative excellence. Founded in 1837 when …
New York City — Frederic Cumenal has resigned as chief executive officer of Tiffany & Co., effective immediately. The search for a successor is underway. During this process, Michael J. Kowalski, chairman of the board of directors and previous CEO of Tiffany, will serve as interim CEO while continuing as chairman.