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Tiffany completes purchase of Little Switzerland stakeTiffany completes purchase of Little Switzerland stake
9-May-2001
?Little Switzerland announced today that it has closed its
previously announced sale of a 45% equity interest to Tiffany &
Co (TRW 10 April). Tiffany has invested $9.3m in the deal, as well
as assuring a line of credit of up to $2.5m. The alliance is
expected to bolster growth prospects for Little Switzerland in
Alaska, the western Caribbean and other expanding cruiseship
destinations.
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(10-Oct-2001) - Little Switzerland, the Caribbean-based speciality retailer, has agreed to the construction of a Tiffany boutique in its Barbados store. Plans for the store layout are still being fine-tuned.
(14-Aug-2002) - Luxury jeweller Tiffany & Co announced yesterday it plans to acquire up to 55% of the shares of the travel retailer Little Switzerland that it does not already own
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