Tiffany’s Head Merchandiser to Depart After 25 Years

MajorsNov 19, 2019

Tiffany’s Head Merchandiser to Depart After 25 Years

SVP and Chief Merchandising Officer Pamela Cloud will step down later this month, and the company is creating a new position—chief brand officer.

Tiffany & Co.’s New York City flagship. The jeweler said in SEC filing Monday that longtime SVP and head merchandiser Pamela Cloud is leaving and it is creating a new position, executive vice president and chief brand officer.

New York—Tiffany & Co. has created a new role, executive vice president and chief brand officer, as its longtime chief merchandising officer departs, an 8-K filed Monday shows.

The jeweler said in the form filed with the Securities and Exchange Commission that it expects an outside candidate to fill the role, which was designed to better align its global merchandising and marketing strategies.

The announcement came alongside news that Pamela Cloud, senior vice president and chief merchandising officer, is leaving the company.

Cloud joined Tiffany in 1994 and has been responsible for managing the jeweler’s key product categories and global merchandising operations.

She will step down as of Nov. 26 and leave the company in July following a transition period.

The company’s senior merchandising officers will report directly to CEO Alessandro Bogliolo until the position is filled.

Tiffany did not respond to National Jeweler’s request for additional comment on Cloud’s departure.

The management change-up comes at a time when reports have surfaced detailing a potential acquisition by luxury conglomerate LVMH Moët Hennessy Louis Vuitton.

Tiffany confirmed last month it had received an unsolicited bid from LVMH for $120 per share, valuing the deal at approximately $14.5 billion.

Later reports indicated Tiffany asked LVMH to raise its acquisition offer, arguing that the company was being undervalued.

LVMH’s portfolio spans fashion, cosmetics, wine and spirits, and jewelry and watches, including brands like Louis Vuitton, Christian Dior, Bulgari and TAG Heuer.

Also this week, news surfaced about the pending renovation of the retailer’s iconic flagship store.

The store will undergo a massive renovation that’s set to begin after the holidays.

It opened on the corner of 57th Street and Fifth Avenue in 1940 and encompasses 10 stories. At the beginning of 2020, Tiffany’s flagship will temporarily relocate to 6 E. 57th St., and breakfast at Tiffany’s will come to a halt.

The New York Post’s Page Six reported Monday that the store’s Blue Box Cafe will not reopen in its temporary location, remaining closed until the flagship reopens in 2021.

The cafe opened in November 2017 on the fourth floor of the flagship.
Lenore Fedowis the associate editor, news at National Jeweler, covering the retail beat and the business side of jewelry.

The Latest

CollectionsJun 18, 2021
Piece of the Week: Colette’s Rainbow Eye Pendant

It’s a new addition to the designer’s charm collection.

FinancialsJun 18, 2021
Jewelry Sales Surge in May, Says Mastercard

U.S. jewelry sales were up more than 200 percent year-over-year in May while also exceeding pre-pandemic levels.

Recorded WebinarsJun 17, 2021
Watch: How to Ace the Branding Game

Simon Mortimer offers must-know branding basics for companies that are just starting out or looking for a refresh.

Brought to you by
How to Engage and Sell to Millennials

Millennials were once feared in the diamond industry, but now this younger generation has become today’s largest diamond buying demographic.

CollectionsJun 17, 2021
Foundrae Has an Epic Charitable Giveaway in Honor of Juneteenth

All proceeds of “Juneteenth Medallion” sales, as well as raffle tickets, benefit organizations that support BIPOC.

Weekly QuizMay 20, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of June 14-18, 2021.
Take the Quiz
SourcingJun 17, 2021
Le Vian Donates Aquaprase Specimens, Jewels to New York’s AMNH

Two rough stones, three polished gems, and two jewels are in the museum’s redesigned gem and mineral halls.

TrendsJun 17, 2021
Amanda’s Style File: For the Fellas

In honor of Father’s Day, Amanda Gizzi rounds up gifts for Dad.

Brought to you by
A New Golden Age

Gold has had its share of ups and downs over the last 5 decades. Here’s why the metal is having another big comeback.

Events & AwardsJun 17, 2021
Jewelers for Children Brings Back Live Events in Vegas, Dallas

There will also be a virtual component for those not in attendance.