Tiffany sells little Switzerland.(THE REGION)

0 Comments | Caribbean Update, September, 2007

NXP Corp., based in the US Virgin Islands, on Aug. 6 said it agreed to acquire Little Switzerland, Inc., from Tiffany & Co. Little Switzerland operates 25 duty-free retail store throughout the Caribbean offering luxury items such as watches, jewelry, crystal and china. NXP Corp., operating under the retail brands "Jewels" and "Azura by Jewels", operates 12 duty-free stores in the Caribbean.

NXP is owned by the CI Group, a family of closely held companies that employs over 4,000 people worldwide in a variety of industries, said NXP President Hal Tayler. Details: Tiffany &Co. Mark L. Aaron, 212-230-5301 Web: www.jewelsonline.com.