Banking industry

Tiffany and Co Closes Melbourne Store Ahead of World Economic Forum Protests

Strategic Insights

Sep 7, 2000 — 1 min read

Tiffany and Co, an exclusive jewelry retailer, has announced that it will close its Southbank store in Melbourne for the duration of the World Economic Forum (WEF) next week due to concerns over potential clashes between protestors and police. The company, which has its premises in the Crown Casino complex, is worried that the protests could turn violent, putting its staff and customers at risk. Janelle Cummins, Tiffany sales and marketing director, expressed hope for a peaceful demonstration but noted the uncertainty surrounding the situation, citing the 1999 protests in Seattle as a concerning precedent. Cecconi's, a Southbank restaurant, will also close for the three days of the forum.

Key Takeaways:

Tiffany and Co has closed its Southbank store in Melbourne due to concerns over potential violence during the World Economic Forum (WEF) protests.
The company's premises are located in the Crown Casino complex, which is expected to be a focal point of the protests.
Janelle Cummins, Tiffany sales and marketing director, expressed concern over the potential for violent clashes between protestors and police.
Cecconi's, a Southbank restaurant, will also close for the three days of the forum out of safety concerns.
Nike, another company with a store in the complex, has boarded up windows in its Bourke Street store as a precaution.
A wooden wall has been built to separate the conference venue from the rest of the Crown Casino complex.
The Crown Casino spokesman stated that the casino would stay open unless protests outside the building became violent.

Statistics:

The WEF protests are expected to occur over a period of three days.
Tiffany and Co has closed its Southbank store for the duration of the WEF protests.
Cecconi's, a Southbank restaurant, will also close for the three days of the forum.
Nike has boarded up windows in its Bourke Street store as a precaution.
A wooden wall has been built to separate the conference venue from the rest of the Crown Casino complex.

Sources:

AAP
Asia Pulse
Janelle Cummins, Tiffany sales and marketing director
Melbourne Crown Casino spokesman

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