CEO Frederic Cumenal Exits Tiffany & Co.Tiffany & Co. has confirmed that chief executive officer Frederic Cumenal will exit the brand, as chairman Michael Kowalski stages in as interim CEO since the board seeks a successor. Cumenal originally joined the jeweler in the year 2011 after Many years at LVMH, and rose from the ranks quickly, becoming president and 2013 and us president in 2015.You can even like:  Why Millennials Aren't Charmed By Tiffany & Co."I am pleased with what we have accomplished at Tiffany and also thank the management team and our many talented employees around the globe that I've had the pleasure to be effective," said Cumenal. "I have great confidence in Tiffany's brand, strategic direction and folks, and the company will have many exciting opportunities replica rolex sometime soon replica audemars piguet watches ."You also can like watches :  Tiffany & Co. Sales Lose Sparkle Amidst Fading TourismWhile last year's Christmas season saw a monetary improvement where net sales were up at $966 million, from 2015's $961 million swiss watch replica , the flagship store at New York City's Fifth Avenue reportedly suffered a 14 percent decline while worldwide sales took a 2% dip.The struggling jeweler faced some challenging years together with the general slump from the luxury market, mainly in the diamond sector, along with other factors like the strengthening dollar and China's tightening laws in anti-corruption. You may also like:  Tiffany & Co. Available today on Net-A-Porter for just a Short time replica ceramic watch
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