Tiffany & Co. to Open Store in Madrid, Spain - [shopping]
Tiffany & Co. (NYSE: TIF), the internationally renowned jeweler, today announced plans to open a store in Madrid, Spain, in fall 2008. The approximately 5,400-square-foot store will occupy two levels in a landmark building at No. 10, Calle Jose Ortega y Gasset, the city's premier location for luxury shopping. Tiffany architects and designers will preserve the building's original façade, creating a two-story entry rotunda of stone that opens to a modern and gracious interior with Macassar and walnut woods, custom furnishings, and brushed stainless steel showcases arrayed with exclusive Tiffany & co. collections. Among them are the jeweler's exquisite diamonds in engagement rings and jewels of ultimate glamour; fine and sterling silver jewelry; the celebrated designs of Elsa Peretti, Paloma Picasso, Jean Schlumberger and Frank Gehry; signature collections such as Tiffany Atlas®and Tiffany1837 (TM); watches; gifts and accessories. "We look forward to opening a TIFFANY & CO. store in such a vibrant and dynamic city," said Cesare Settepassi, vice president and managing director, Tiffany & Co. Europe. "Our prominent location in a landmark building in Madrid's most desirable shopping area provides us with the ideal environment for introducing customers to Tiffanys own heritage of product design and outstanding service for which it is known worldwide." Tiffany & Co. operates jewelry and specialty retail stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates Tiffany & co. retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations. Other operations include consolidated results from ventures operated under trademarks or trade names other than TIFFANY & CO. For additional information.