Salesfest at Tiffany’s as profit forecast rises
Upscale jeweller Tiffany & Co raised its full-year profit forecast for a second time following a better-than-expected rise in quarterly profit, driven by strong sales and higher prices for its high-end jewellery in the Americas, its biggest market. Sales in the region, about half of overall sales, rose 10 per cent in the second quarter ended 31 July.