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Tiffany & Co. opens flagship Paris store

Tiffany & Co. opens flagship Paris store
Tiffany & Co. opens flagship Paris store

Americans in Paris.

While the trope of Americans in Paris is ripe with examples that have almost become clichés (F. Scott Fitzgerald, Woody Allen, Jean Seberg and more), Tiffany & Co.'s latest venture will be another significant bullet point on the list.

"There's a kind of excitement with New York style," explains Tiffany & Co.'s executive vice president, Jon King on the morning of the store opening. "We truly try to be an American company and to retain our identities – we're not trying to be Parisian."

As part of the store opening festivities, Tiffany & Co. have contributed to the restoration of several landmarks in Paris and were the first brand to be granted permission to use Arc de Triomphe for an event; the intimate cocktail party was hosted on the top of the landmark, which along with Place de la Concorde, was bathed in the famous Tiffany blue. Classic American beauties presided over the event, with guests including Jessica Biel – said to be travelling with Justin Timberlake during his European tour – and Hilary Swank. 

Situated on the Champs Elysees, the three-storey corner store marks the jeweller's increased efforts in Europe, harking back to its long history with the city. "I think there's such a modernity about Tiffany's that's really universal," continues King. "Parisians are ready for jewellery that's easy to wear – that's part of modern times throughout the world."

YOU SHOULD ALSO SEE: 

Suzy Menkes: Tiffany on the Champs Elysees 

Justin Bieber outbids Leonardo DiCaprio on Bulgari necklace 

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Tiffany & Co. Names New Chairman of the Board

Tiffany & Co. announced Thursday that the company’s board of directors has elected a new chairman, current board member Roger Farah, effective Oct. 2.

Farah will take over the role from Michael J. Kowalski, who’s served as Tiffany’s chairman since 2002 and was CEO of Tiffany & Co. from 1999–2015. Kowalski came out of retirement to reassume the CEO role (on an interim basis) after Frederic Cumenal, who served in the role for just under two years, abruptly departed in February 2017.

Farah, 64, has been a Tiffany & Co. board member since March 2017 and has served in top roles at Ralph Lauren Corporation (where as chief operating officer he was credited with quadrupling sales), Venator Group, Inc., R.H. Macy & Co. Inc., and Federated Merchandising Services.

He occupies one of three new board seats filled by executives Tiffany minority stakeholder Jana Partners handpicked earlier this year (Francesco Trapani and James Lillie are the other two).

Kowalski will relinquish his interim CEO and chairman titles in October, when the company’s new CEO, Alessandro Bogliolo, joins the company, but will remain a director for the company.

Kowalski said in the statement, “Roger has significant experience as a leader in the luxury retail industry, and I and my fellow directors value tremendously his expertise and insight, which have been apparent during his time on the board. With the appointment of Alessandro as our new CEO, and under Roger’s leadership on the board, I believe we are well positioned to execute on strategies to drive comparable store sales growth and stronger earnings growth in the longer-term.”

(Top: Tiffany & Co.’s 5th Avenue flagship store in NYC, courtesy of Tiffany & Co.)

Emili Vesilind

JCK Magazine Editor


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