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NEW YORK, NY (February 14, 2007) -- Tiffany & Co. (NYSE: TIF) today announced plans to open a boutique in London's Heathrow Airport, the world's biggest, in March 2008. The approximately 1,600 gross-square-foot (150 square meters) boutique will be located in the airport's new Terminal 5, a ground-breaking new building designed to facilitate the increasing flow of passengers and provide them with every comfort and convenience, including the most extensive luxury retail center of any airport in the world.
"Terminal 5's spacious and streamlined design, with many amenities to enhance the travel experience, is ideal for a TIFFANY & CO. boutique," said Melvyn Kirtley, president of Tiffany & Co. U.K. "We look forward to welcoming travelers and providing them with the quality, craftsmanship and outstanding customer service for which Tiffany is renowned."
The Tiffany boutique, the jeweler's fifth London location, will feature architectural details of the famous New York flagship store, including ebonized Makore and mahogany woods and brushed stainless steel showcases. In addition, the stone entry arch and interior aisles will be widened to accommodate baggage-bearing travelers.
The jeweler's celebrated collections that will be offered include diamonds in platinum and eighteen-karat gold settings, fine and fashion jewelry, watches and a selection of silver gifts. Customers may further peruse the collections in the comfort of an elegant private sales salon. The boutique will also showcase jewelry and objects from the Tiffany & Co. Archives to give customers a personal view of Tiffany's great design heritage.
Tiffany & Co. operates jewelry and specialty retail stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations. Other operations include consolidated results from ventures operated under trademarks or trade names other than TIFFANY & CO. Additional information can be found on Tiffany's web site, www.tiffany.com.
TIFFANY & CO. and TIFFANY are exclusive trademarks of Tiffany and Company.
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