Tiffany & co. is a holding company that operates through its subsidiary companies (the"Company"). The Company's principal subsidiary, Tiffany and co outlet is a jeweler and specialty retailer, whose merchandise offerings include an extensive selection of jewelry (91% of net sales in fiscal 2010), include: Tiffany Necklaces, Tiffany Pendants, Tiffany Bracelet , Tiffany Rings, Tiffany Earrings, Tiffany Cufflinks, Tiffany Charms, Tiffany Sets, Tiffany Accessories and Tiffany Watches. the Company is engaged in product design, manufacturing and retailing activities.