Tiffany to Expand in United Arab Emirates

Tiffany & Co. inked a deal with Dubai-based Damas Jewellery related to the operation of Tiffany & Co. retail stores in the United Arab Emirates. Under the terms of the deal, Tiffany will be responsible for merchandise assortment and pricing, advertising and promotional activities, staffing, store design and visual display and financial services. The joint venture is expected to begin operating in the second quarter.