Luxury jeweler Tiffany & Co. said Thursday that it is expanding in Japan.
Tiffany will open boutiques in Tokyo’s Matsuzakaya Ginza and Fukuoka’s Hakata Daimaru department stores on March 1.
“Both locations offer greater convenience to our established clientele, and give us the opportunity to expand our presence with the superb collections and outstanding service that make shopping at Tiffany a unique experience,” said Michael Christ, president of Tiffany & Co. Japan.
On Wednesday billionaire investor Nelson Peltz increased his stake in Tiffany's to 7.9 percent, according to a Securities and Exchange Commission filing. Peltz's Trian funds now own 10.7 million shares of the company, up from 7.5 million shares in February 2007.
For more, see Friday's issue of WWD.