Tif­fany hires former Diesel exec as CEO

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM - — The As­so­ci­ated Press

NEW YORK — Tif­fany is tak­ing an­other shot at re­viv­ing its lus­ter and re­gain­ing its cool, nam­ing a former ex­ec­u­tive at Diesel as its top ex­ec­u­tive.

The com­pany ran out of pa­tience in Fe­bru­ary only two years after hir­ing Fred­eric Cu­me­nal to do the same thing.

Tak­ing over for in­terim Chief Ex­ec­u­tive Of­fi­cer Michael Kowal­ski is Alessan­dro Bogli­olo, who had been lured to Diesel SpA to re­vi­tal­ize sales there. Bogli­olo is ex­pected to take over the CEO post at Tif­fany by Oct. 2. He will also be­come a board mem­ber.

The 52-year-old ex­ec­u­tive spent 16 years at Bul­gari SpA be­fore tak­ing the job at Diesel.

Tif­fany & Co., based in New York, has wres­tled with weak sales as mil­len­ni­als spend money else­where and com­pe­ti­tion in­ten­si­fies from on­line play­ers such as Ama­zon and Blue Nile.

Sales growth has been shaky at Tif­fany, and the lux­ury jeweler re­ported lower-than-ex­pected sales dur­ing the Christ­mas shop­ping sea­son, a crit­i­cal pe­riod for re­tail­ers.

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