Retail Refugees

Tiffany’s new home
February 16, 2009, 9:03 pm
Filed under: Uncategorized | Tags: , , , , ,

American billionaire Warren Buffett’s Berkshire Hathaway Inc. received quite a Valentine’s present this week.  Buffet bought $250 million of Tiffany & Co. debt to help the ailing jewel.  Tiffany & Co. is still the world’s second-largest retailer of luxury jewelry but like many retailers, especially those in the jewelry business, it took a deep hit recently. With a stock share price falling and low sales numbers, the Berkshire Hathaway purchase will provide much-needed safety during these times.



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