Tiffany & Company has been a leading U.S. luxury jewelry brand, creating more than $ 2.6 billion in revenue over 167 outlets all over the world and from the catalog and Internet sales. For nearly 170 years, Tiffany managed its brand. In February 2007, the hedge fund, Trian Fund Management LP, announced that it had bought a 5.5% stake in Tiffany, and to become its largest shareholder. Trian is believed that Tiffany was undervalued and said that he wanted to help the company "improve its earnings per share for the solution of various operational and strategic issues." In response, Tiffany began to consider various measures to increase shareholder value.
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by Edward D. Hess Source: Darden School of Business 8 pages. Publication Date: September 5, 2008. Prod. #: UV0904-PDF-ENG