"I am proud of what we have accomplished at Tiffany and would like to thank the management team and our many talented employees around the world with whom I have had the pleasure to work,” said Cumenal. “I have great confidence in Tiffany's brand, strategic direction and people, and I believe the company will have many exciting opportunities in the future."
While Kowalski said Cumenal had “enhanced the management team and taken important steps to position Tiffany for success in the long term" and wished him "the best in his future endeavours", he also pointed to disappointing recent financial results, reports WWD. He continued that the brand is committed to its “current core business strategies” and “believes that accelerating execution of those strategies is necessary to compete more effectively in today’s global luxury market and improve performance”.
It marks the second big change for the company in 2017. In January, existing design director Francesca Amfitheatrof (who had been a high-profile face of the house since 2013) exited the label and was replaced by Reed Krakoff, who had been collaborating with the company on a consultation basis since last June. Assuming the role of chief artistic officer, Krakoff said that "the exceptional opportunity to further Tiffany’s rich creative legacy of design and craftsmanship, and join the incredible talent within Tiffany, is truly inspiring." Neither Cumenal or Amfitheatrof's next moves are known at this point.
While Kowalski said Cumenal had “enhanced the management team and taken important steps to position Tiffany for success in the long term" and wished him "the best in his future endeavours", he also pointed to disappointing recent financial results, reports WWD. He continued that the brand is committed to its “current core business strategies” and “believes that accelerating execution of those strategies is necessary to compete more effectively in today’s global luxury market and improve performance”.
It marks the second big change for the company in 2017. In January, existing design director Francesca Amfitheatrof (who had been a high-profile face of the house since 2013) exited the label and was replaced by Reed Krakoff, who had been collaborating with the company on a consultation basis since last June. Assuming the role of chief artistic officer, Krakoff said that "the exceptional opportunity to further Tiffany’s rich creative legacy of design and craftsmanship, and join the incredible talent within Tiffany, is truly inspiring." Neither Cumenal or Amfitheatrof's next moves are known at this point.
0 Yorumlar