The famous jeweler with the blue boxes, Tiffany & Co, might be heading for trouble. Sales are not going as expected, shares are dropping, overall high gold price etc. And that is not the end of it, now long-time jewelry partner Elsa Peretti might be leaving the house and taking the intellectual property of her designs with her. This could have a substantial impact as her designs assure 10% of Tiffany’s revenue.
The now 72 year old Italian designer, created some of Tiffany’s best-selling items including the famous ‘teardrop’ necklaces and ‘thumb’ vases in white. Both are examples of her simple organic aesthetic.L Let’s see how this story continues.