Written by. Chalise Macklin
Tiffany and Co is known for providing men with that special, little blue box and bringing joy to many women’s lives. But their signature jewelry and legacy is in jeopardy. The company is experiencing falling profits and stock prices, according to a business report from Business of Fashion. The jeweler is on a mission to turn things around and has enlisted some A-list celebrities to help do so.
Former American Vogue creative director, Grace Coddington, joined the jewelry house as a creative partner to help with rebranding. Coddington has signed teen star Elle Fanning and Lupita Nyong’o on to represent the timeless brand along with models Natalie Westling and Christy Turlington. A historic moment for the company because this marks the first time celebrities have starred in a campaign. Each lady showcases a piece of the brand’s new “Tiffany T” collection. Nyong’o posted a preview of her ad, which will be released nationwide in September.
The reshaped concept is titled “Legendary Style.” Upcoming campaigns will feature women in the studio instead of their iconic ads that are black and white and feature women wearing their jewelry on New York streets. A re-launch of the company’s affordable “Love” collection by designer Reed Krakoff with the slogan “#lovenotlike” will also be released soon.
Tiffany and Co are hoping to attract a younger buyer, particularly millennials. The company also intends to introduce it to new consumers and get skeptics to reconsider.