RAPAPORT... Tiffany & Co. announced plans to open its first retail outlet in Russia — a two-level store in Moscow’s GUM department store, located in Red Square. The store will be approximately 4,520 square feet and is expected to open in spring 2014.
The store’s interior will feature archival motifs symbolic of Tiffany’s history and design including the color Tiffany blue, polished stainless steel details with a wheat leaf pattern that frames the entrance of the jeweler’s Fifth Avenue flagship store in Manhattan, marble and amazonite floors, and custom furnishings inspired by the stained glass works of Art Nouveau designer Louis Comfort Tiffany, son of the company’s founder.
On the new retail venture, Frederic Cumenal, the executive vice president, of Tiffany & Co., noted that “establishing a presence at this preeminent department store is a milestone in our growth strategy as a leading global luxury brand and underscores the importance of the Russian market.”
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