Tiffany to Open Moscow Store

Before you go, we thought you'd like these...
Before you go close icon

New York City-based Tiffany is moving to Red Square.

Well, not "moving" so much as opening a new store, and not "to" Red Square so much as to the second-most famous building adjoining Moscow's most famous Square -- the mammoth GUM department store.

Beginning some time in Q1 2014, Tiffany will open a two-level, 4,520-square-foot store within GUM -- the initials of the Russian words roughly translating as "State Department Store" -- a locale Tiffany describes as "the city's premier destination for luxury shopping and a center for art and culture." This will be Tiffany's first store in Russia.


Company Executive Vice President Frederic Cumenal commented: "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."

Next-door neighbor Vladimir Lenin, who resides in a small house directly across Red Square from Tiffany's new store location, could not be reached for comment.

The article Tiffany to Open Moscow Store originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

20 Folks Recall Shocking Interview Moments That Made Them NOT Want the Job 20 Folks Recall Shocking Interview Moments That Made Them NOT Want the Job
Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going
Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport