Holy breaking business news! Tiffany just bought Lambertson from Samsonite. Now, let’s just stop and ponder. The diamond company has supposedly been in the hole of late. The economy is not so kind to diamonds and such luxury items as fancy baby rattles. In fact, their earnings fell 75.6 percent in the fourth quarter of last year. But still, they bought Lambertson and are now planning a new leather line. Well, good for you, Tiffany! Don’t you let the economy get you down! Lambertson, which was also struggling, filed for Chapter 11 and was put up for sale by Samsonite. So it’s a win-win for everyone, we suppose. [WWD]
