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Tiffany & Co lowers profit forecast Tuesday, 28th August 2012
Tiffany & Co has blamed unfavourable economic conditions for recent lacklustre profit forecasts.
The firm recently reported a profit of £58 million in the three months to the end of July, compared with £56.9 million a year before.
Tiffany & Co cut its global sales growth forecast for the year by one percentage point to between six per cent and seven per cent – a huge dip from the 30 per cent forecast it set last year.