Tiffany & Co is sending more of its priciest jewelry to mainland China to reach consumers kept at home by a weak currency, Chief Executive Alessandro Bogliolo said on Thursday. A lower domestic sales tax has also contributed to double-digit decreases in sales to Chinese tourists in the United States and in other destinations, he said, reflecting an effort by China’s government to “repatriate consumption” by its citizens. Bogliolo spoke after a luncheon put on by Boston College’s Carroll School of Management. …read more
Source:: Yahoo Finance
