The US jewellery company Tiffany (TIF) is opening more stores in mainland China, writes Bloomberg today. According to the CEO Alessandro Bogliogo the company has seen ” a big increase in sales in mainland China”.
According to Tiffany, Chinese consumers have decreased somewhat the spending overseas but continue shopping in mainland. Also the ongoing trade talks between the US and China have had their own impact in the spending.
The company is to published its third quarter figures in late October. Today the company shares were trading down -0,61% at 92,27 dollars in New York.