Roger Farah Second, Chairman Of The Board Of Directors Of Tiffany

According to the world clothing shoes and hats net,

Co. (NYSE:TIF) Tiffany announced on Friday that the group's independent director, Roger Farah, will serve as chairman of the board of directors of the group, which will take effect in October 2nd.

The 64 year old Roger Farah joined the board of directors in March 2017. He served as the president, chief operating officer, executive vice chairman and director of the Ralph Lauren Corp. (NYSE:RL) Ralph Lauren group. At that time, it was the second figure of Ralph Lauren Corp..

He also worked for Venator Group Inc. (now Foot Locker Inc. (NYSE:FL)), R.H. Macy & Co. (now Macy), Macy.

Group) and Kate Spade & Co. (NYSE:KATE) services.

Before joining the US jewellery group, it was co CEO of Tory Burch LLC.

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At the end of February this year, the US jewellery giants agreed with the JANA Partners LLC and the former chief executive officer of Italy jewellery brand Bulgari SpA Francesco Trapani, adding 3 independent directors and allowing new investors to identify new CEO to replace Frederic Cumenal, which was sold in less than two years due to weak sales.

JANA Partners LLC holds 4.47% of the US jewellery group.

Tiffany, former executive chairman, CEO Michael Kowalski

The appointment of Michael J. Kowalski, the chairman of the group, has failed to save Michael jewelry in 2002.

Tiffany & Co. Tiffany has not been able to keep pace with the times in the past three years, grasp the independence of women's economy, and pform jewelry culture from love, marriage to gifts and self reward, while the Danish jewellery company PANDORA A/S CPH:PNDORA (CPH:PNDORA) Pandora group suddenly rises, completely covering up the light of Tiffany & Co. Tiffany group.

Frederic Cumenal, who was chief executive of the group in 2014, was scapegoat in February this year.

Also in October 2nd, the former Diesel SpA CEO Alessandro Bogliolo will be the new CEO group.

Michael Kowalsk retained the seat of the board of directors after retiring from the presidency.

The two quarter results released at the end of August showed that the growth of wholesale jewellery by the US jewellery giants offset the continued weakness of retail sales and achieved better than expected market performance. However, the same store sales in the US, European and Asian markets during the period declined, showing that the crisis remained.

The two quarter Tiffany & Co. Tiffany group's overall same store sales fell by 1% compared with the same period last year, but the market's expected decline of 0.3% has not yet been able to grow in the seventh quarter.

Net sales totalling $959 million 700 thousand, higher than the market forecast of $930 million 300 thousand, also increased by 3% over the same period last year, and sales of diamonds driven by "wholesale sales" increased by 74% to 32 million US dollars over the past year.

Gross margins rose by 10 basis points to 62.3%.

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