Culture

Tiffany & Co taps Alessandro Bogliolo as chief executive

Tiffany & Co taps Alessandro Bogliolo as chief executive”

The US jeweler Tiffany & Co said it has named Alessandro Bogliolo, the current CEO of Italian fashion group Diesel and former senior execuive with Italian jeweler Bulgari, as its chief executive.

Former CEO Frederic Cumenal was ousted by the board five months ago following a series of disappointing results.

Alessandro Bogliolo will take the reins October 2, the company said Thursday.

Bogliolo, 52, hails from the Italian luxury jewelry house, Bulgari, and was most recently chief executive of Diesel SpA, an Italian apparel and accessories company. He is a veteran of the luxury jewelry sector, previously spending 16 years at Bulgari, where he worked as chief operating officer and executive vice president for jewelry, watches and accessories.

In a research note, Jefferies analyst Randal Konik said that the "new CEO appointment is a strong fit", pointing out that Mr. Bogliolo revitalized Diesel by improving the customer experience, something that Tiffany is trying to do at its 310 retail stores.

Tiffany's stock rose 1.5 percent, to $94.04, on Thursday. They have recovered from a low of $60 in June 2016.

Following his departure and amid sagging sales, an activist investor, Jana Partners, took a stake in the company.

Tiffany & Co. has found its next chief executive.

Though Jana's precise plan for the company is not yet clear, its agreement with Tiffany included Trapani being part of the CEO search committee.



Like this

Latest


14 July 2017
Xcel Energy Inc. (NYSE:XEL) Stake Held by Livforsakringsbolaget Skandia Omsesidigt
Orinda Asset Management Llc increased Ladder Cap Corp (NYSE:LADR) stake by 109,321 shares to 206,559 valued at $2.83M in 2016Q4. BidaskClub cut shares of Xcel Energy from a "buy" rating to a "hold" rating in a research note on Thursday, July 6th.

14 July 2017
Structure collapse along PIE Changi; 1 dead, 10 injured
In the meantime, motorists can make a U-turn at the Upper Changi Road East and Loyang Avenue junction to get on PIE (Changi). It also said that preliminary investigations indicated that the corbels supporting the pre-cast beams had given way.

14 July 2017
Daimler Allegedly Sold Over 1 Million Cars With Excess Emission
The motors were built into more than one million cars and vans by Daimler, including C, E and R class Mercedes. Shares of Daimler AG (ETR: DAI ) traded up 0.26% during mid-day trading on Tuesday, hitting €64.40.

14 July 2017
Federal Judge Limits Trump Administration Travel Ban Enforcement Rules
"Common sense, for instance, dictates that close family members be defined to include grandparents", U.S. District Judge Derrick Watson said in his ruling.

14 July 2017
Washington Prime Group Inc (WPG) Analysts See $0.41 EPS
Louisiana State Employees Retirement System boosted its stake in shares of Washington Prime Group by 2.2% in the first quarter. ValuEngine downgraded Washington Prime Group from a "buy" rating to a "hold" rating in a research note on Tuesday, June 6th.

14 July 2017
Senate GOP Rolls Out BCRA Revision
Governors also would be able to include those who receive coverage under the Medicaid expansion in their block grant applications. Those funds could be used to subsidize premiums for people with health problems.

14 July 2017
Manchester City close to deal for Benjamin Mendy
Manchester City are also said to be close to sealing a deal for Tottenham right-back Kyle Walker, with a fee of up to £50 million having been agreed.

14 July 2017
Ligand Pharmaceuticals Incorporated (LGND) Given Consensus Rating of "Buy" by Analysts
It is positive, as 23 investors sold LGND shares while 85 reduced holdings. 19 funds opened positions while 28 raised stakes. Kalmar Investments Inc increased 8X8 Inc (NASDAQ:EGHT) stake by 258,876 shares to 1.59 million valued at $22.80M in 2016Q4.

14 July 2017
Woolies to remove single-use plastic bags
Mr Banducci said plastic would be used less across all parts of the business, not just at the cash registers. BIG W customers may be given re-usable bags at no extra cost Banducci said.

14 July 2017
Havaianas Sold For $1.1 Billion
Founded by Scotsman Robert Fraser in 1962, Havaianas' popularity soared in the 1990s when well-off Brazilians began wearing them. The scandal has reached the top of Brazilian politics with President Michel Temer among those accused of corruption .



Recommended