Tiffany & Co. on Sunday said Chief Executive Frederic Cumenal was stepping down and the luxury jeweler was starting a search for a new leader to reverse a prolonged sales slump. The New York company said Mr. Cumenal, who has run the company for the last two years, will be replaced, effective immediately, by his predecessor, company Chairman Michael Kowalski. Tiffany said its board is “committed to our current core...

Source: Wall Street Journal February 05, 2017 22:16 UTC