Tiffany & Co. plans to open a European flagship store in Paris in 2014. The approximately 10,000-square-foot, multi-level store will be located at 62 Avenue des Champs Elysées.
Cumenal, the executive vice president of Tiffany & Co., said, “This
is a significant development and sales opportunity for Tiffany &
Co. While we have been successful in operating three smaller stores in
Paris, establishing this store on the Champs Elysées will be the
ultimate symbol of Tiffany as a truly global luxury brand.”
store's expected opening on the Champs Elysées will mark a new milestone
in Tiffany’s connection with Paris, which began in 1850 when the
company established its first store. At the Paris World’s Fair in 1867,
Tiffany & Co. became the first U.S. firm to win an award for the
excellence of its silverware. In 1999, Tiffany returned to Paris with a
store on rue de la Paix.
Tiffany & Co. operates jewelry
stores and manufactures products through its subsidiary corporations and
is celebrating its 175th anniversary this year.