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Tiffany Appoints Alessandro Bogliolo as Chief Executive Officer

Jewelry company Tiffany & Co. The Tiffany Group suddenly announced on February 6th that Frederic Cumenal stepped down and took effect immediately. Instead, the group chairman Michael J. Kowalski temporarily served as CEO. Despite the performance theory, Frederic Cumenal’s downfall is normal, but the announcement of the news still shocked the industry. Because February 6 is not only a non-working day, but also the annual big day in the United States – Super Bowl Super Bowl Day, and more importantly, Tiffany & Co. Tiffany Group sold for the first time in the game for 51 years. Advertising, and the main character is the Super Bowl Super Bowl performer Lady Gaga.

Tiffany & Co. The current dilemma of the Tiffany Group is obvious. As of the first quarter of April 30, the Americas market, which accounts for nearly half of the business, recorded a 4% same-store decline, which is much higher than the 0.2%-0.5% expected by Consensus Metrix analysts. The group pointed out that the consumption of foreign tourists and local customers has shrunk simultaneously. The Asia-Pacific region also fell 2% (under a constant exchange rate) because only China’s growth. The combined forecast for Consensus Metrix is ​​1.3% and 1.4%.

In recent years, Tiffany & Co.’s strategy has been criticized. The product and marketing strategy is behind the millennial generation. The Danish jewellery company PANDORA A/S (CPH: PNDORA) Pandora Group has sprung up and completely concealed Tiffany & Co. Tiffany Group. The light.

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