In July 1990, the Company acquired the assets and business of McTeigue &
Co. in Pleasantville, New York, a long-time supplier of gold jewelry and
silver Tiffany jewellery. This facility has increased the Companys
gold jewelry manufacturing capacity.
As Registrants sales have grown, management has increasingly begun to
focus its attention on merchandise supply issues and to consider
acquisition and/or expansion of merchandise manufacturing capabilities.
It is expected that Registrant will seek control of additional
manufacturing capacity in certain key product categories.
tiffany & CO. brand clocks and components for watches are manufactured
by third party suppliers. In 1989, cheap tiffany jewelry completed arrangements to
establish a watch assembly, engineering and testing operation in
Lussy-sur-Morges, Switzerland. This operation affords tiffany greater
control over, and flexibility with respect to, the watch procurement
process, and permits volume purchases of certain watch components,
including watch movements. The permanent facility to house this
operation was completed in March, 1991.
