Tiffany & Co announced on Tuesday that its sales during the holiday season were "somewhat lower" than it had expected, as a result of lower consumer spending and a drop in sales at its flagship store in New York. The fames jewelry company also reported that Reed Krakoff will join Tiffany in the new position of Chief Artistic Officer, effective February 1. Krakoff will direct design for the company's jewelry, as well as luxury accessories, and lead the brand’s overarching artistic and design vision with respect to stores, e-commerce, marketing and advertising.
In 2016, Reed served as a creative collaborator for Tiffany with the re-launch of a luxury accessories collection, which the Company anticipates will debut for Holiday 2017.
Krakoff’s appointment to this new position continues Tiffany’s mission for the past 180 years – to create the most important and beautiful jewelry, accessories and objects for the home – and advances its global commitment to excellence in design, using exemplary materials and craftsmanship.
“Reed’s extraordinary talent and deep understanding of iconic American design, and Tiffany’s defining role in its legacy, make him poised for great success in this new position,” said Frederic Cumenal, chief executive officer of Tiffany & Co. “His expertise and creativity will continue to help build Tiffany as a global house of luxury.”
A three-time CFDA Award winner, Krakoff is celebrated globally for his contributions to the worlds of fashion, interior design and the arts. Krakoff formerly served as president and executive creative director of Coach, after holding a senior design role at Ralph Lauren, and most recently helmed his eponymous luxury fashion line of womenswear and accessories.
“I’m honored to join Tiffany as Chief Artistic Officer and fully dedicate my creative focus to this storied American luxury brand,” said Reed Krakoff. “The exceptional opportunity to further Tiffany's rich creative legacy of design and craftsmanship, and join the incredible talent within Tiffany, is truly inspiring.”
After three-and-a-half years, Francesca Amfitheatrof – who served as Design Director and was responsible for the design of Tiffany & Co. brand jewelry – will leave the Company to pursue other opportunities. She has made important contributions to the portfolio, and Tiffany is deeply grateful for the unique creative perspective she brought to the brand.