Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • December 1994 (Revised June 1995)
  • Case
  • HBS Case Collection

Tiffany & Co.--1993

By: W. Carl Kester and Kendall Backstrand
  • Format:Print
  • | Pages:12
ShareBar

Abstract

The restructuring of Tiffany's retailing agreement with Mitsukoshi Ltd. in 1993 exposed Tiffany to substantial yen/dollar exchange rate volatility that it had not previously faced. This new exposure requires Tiffany to establish risk management policies and practices. Management must determine whether to hedge, what the objective of hedging ought to be, how much exposure to cover, and what instruments to use. Teaching Objective: To introduce students to the problems of risk management in a relatively uncomplicated administrative situation.

Keywords

Restructuring; Currency Exchange Rate; Management Practices and Processes; Risk Management; Agreements and Arrangements; Situation or Environment

Citation

Kester, W. Carl, and Kendall Backstrand. "Tiffany & Co.--1993." Harvard Business School Case 295-047, December 1994. (Revised June 1995.)
  • Educators
  • Purchase

About The Author

W. Carl Kester

Finance
→More Publications

More from the Authors

    • November 2019
    • Faculty Research

    Apple, Einhorn, and iPrefs (Abridged)

    By: Carliss Y. Baldwin and W. Carl Kester
    • January 2018 (Revised January 2019)
    • Faculty Research

    Capital Allocation at HCA

    By: W. Carl Kester and Emily R. McComb
    • January 2018 (Revised April 2021)
    • Faculty Research

    Capital Allocation at HCA

    By: W. Carl Kester and Emily R. McComb
More from the Authors
  • Apple, Einhorn, and iPrefs (Abridged) By: Carliss Y. Baldwin and W. Carl Kester
  • Capital Allocation at HCA By: W. Carl Kester and Emily R. McComb
  • Capital Allocation at HCA By: W. Carl Kester and Emily R. McComb
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College