Tiffany & Co. is a holding company that operates through its subsidiary companies (the"Company"). The Company's principal subsidiary, Tiffany and Company, is a jeweler and specialty retailer, whose merchandise offerings include an extensive selection of jewelry (90% of net sales in fiscal 2012), as well as timepieces, sterling silverware, china, crystal, stationery, fragrances and accessories. Through Tiffany and Company and other subsidiaries,the Company is engaged in product design, manufacturing and retailing activities.