March 6 Qatar's sovereign wealth fund, the
largest shareholder of Tiffany & Co, further raised its
stake in the U.S. luxury jeweler to 11.27 percent, according to
a regulatory filing.
Qatar Investment Authority, which first disclosed a 5.2
percent stake in Tiffany last April, had raised its holding in
the company to 8.7 percent last month.
Vanguard Group Inc, the largest U.S. mutual fund company,
and Capital World Investors, a unit of Capital Group Companies
Inc, are the next biggest shareholders of Tiffany's as of Dec.
Tiffany, famed for its blue boxes and its Fifth Avenue
flagship in Manhattan, said in January that worldwide sales at
stores open at least a year were flat in November and December,
a period that can account for one-third of jewelers' annual
sales and almost half of profit.
The company is scheduled to report its fourth-quarter
results later this month.
Tiffany shares, which have risen more than 22 percent this
year, closed at $70.06 on the New York Stock Exchange on