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Corporation
CONSUMER PRODUCTS & SERVICES | Clothing & Accessories
tiffany.com

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Founded Year

1837

Stage

Acq - P2P | Acquired

Valuation

$0000 

About Tiffany & Co

Tiffany & Co is a high end jewelry brand operating through an eCommerce site, branded retailers, and department store retailers.On January 7, 2021, Tiffany & Co was acquired by LVMH at a valuation of between $15.8B and $16.2B.

Tiffany & Co Headquarter Location

200 Fifth Avenue 10th Floor

New York, New York, 10010,

United States

800-843-3269

Latest Tiffany & Co News

Commercetools raises $140M at a $1.9B valuation as ‘headless’ commerce continues to boom

Sep 13, 2021

Commercetools raises $140M at a $1.9B valuation as ‘headless’ commerce continues to boom 13.09.2021, 13:50, Odnoklassniki E-commerce these days is now a major part of every retailer’s strategy, so technology builders and platforms that are helping them compete better on digital screens are seeing a huge boost in business. In the latest turn, Commercetools — a provider of e-commerce APIs that larger retailers can use to build customized payment, check-out, social commerce, marketplace and other services — has closed $140 million in funding, a Series C that CEO Dirk Hoerig has confirmed to me values the company at $1.9 billion. The funding is being led by Accel, with previous investors Insight Partners and REWE Group also participating. Munich, Germany-based Commercetools spun out of REWE — a giant German retailer, and also a customer — and announced $145 million in investment led by Insight in October 2019 . This latest round represents a huge hike on its valuation since then, when Commercetools was valued at around $300 million. Part of the reason for the big bump, of course, has been the wave of interest in digital transactions from shopping online. E-commerce was already growing at a steady pace before 2020, by some estimates representing more than half of all commerce transactions. The Covid-19 pandemic turbo-charged that proportion, with many retailers switching exclusively to internet sales, and consumers stuck at home happy to shop with a click. While companies like Shopify have addressed the needs of smaller retailers, providing them with an alternative or complement to listing on third-party marketplaces like Amazon’s, Commercetools has built its business around catering to larger retailers and the many specific, large-scale needs and investment budgets that they may have for building their digital commerce solutions. It provides some 300 APIs today around some nine “buckets” of services, and a wide network of integration partners, Hoerig said, and powers some $10 billion of sales annually for its customers, which include the likes of Audi, AT&T, Danone, Tiffany & Co., John Lewis and many others . “Our main focus is the retailer with more than $100 million in gross merchandise value,” Hoerig said. “This is when it becomes interesting.” But he added that the force of market growth is such that Commercetools is also seeing a lot of business from smaller companies that are simply needing more functionality to address their fast growth. “So we also sometimes have customers that start at $5 million in GMV and quickly go to $50 million. With that scale, they also have specific requirements, so the lines get a bit blurry.” (And that also explains why investors are so interested: there is a lot of evidence of the market growing and growing; and by capturing smaller retailers on big trajectories, that represents a lot more scale for Commercetools.) See also: 0 0 0 0 0 0 0 0 0 0 0 0

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Tiffany & Co Patents

Tiffany & Co has filed 64 patents.

The 3 most popular patent topics include:

  • Graphical projections
  • Light machine guns
  • Cephalopod zootomy
patents chart

Application Date

Grant Date

Title

Related Topics

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8/2/2019

8/17/2021

Graphical projections, Light machine guns, Cephalopod zootomy, Cuttlefish, Lomanotidae

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8/17/2021

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Related Topics

Graphical projections, Light machine guns, Cephalopod zootomy, Cuttlefish, Lomanotidae

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Status

Grant

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