The Nice Melancholy introduced an finish to the continual progress experienced by Tiffany and Company since its 1837 founding. For the primary time in company history, money was being lost instead of made, and the agency’s recovery after the Depression and World Struggle II was not swift. Though profits had inched back up to $1 million by 1946 (still a far cry from their peak during the Gilded Age), by 1949, the venerable jeweler was in deep trouble, exhibiting earnings of solely $20,000 for the 12 months. The Tiffany legend endured by way of the down occasions, nevertheless, and various investors were desirous about acquiring the corporate.
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