With no louder fanfare than a polite clearing of its throat, Manhattan's Tiffany & Co. last week conducted a bargain sale, the first in its 118-year history not occasioned by a move to new quarters. Behind the sale was a change in policy brought on at stiff-backed Tiffany's by Board Chairman Walter Hoving, whose Hoving Corp. bought control of the firm in August (TIME, Aug. 29). There was also a merchandiser's desire to get rid of $340,000 worth of china and glassware that was not moving, along with items of jewelry and leather goods. Among the bargains: a silver tea...
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