Tiffany & Co. Acquires Lambertson Truex
While the Lambertson Truex line has been a favorite for fashionistas it never became a household name. But now the company, which filed for bankruptcy in March, will have a second life under the aegis of Tiffany & Co. Tiffany bought the brand likely to bring the label's talented namesakes Richard Lambertson and John Truex into the company. Just what is Tiffany going to do with handbag designers? It seems likely that Tiffany may be looking into creating a line of purses and small leather accessories. Not many details have been made public yet and no financial terms were revealed.