Tiffany & Co. in Need of a `Big Hit,' Pedraza Says

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March 22 (Bloomberg) -- Milton Pedraza, chief executive officer of Luxury Institute LLC, talks about Tiffany & Co.'s fourth-quarter profit and outlook. Net income for the luxury jewelry retailer rose 0.7 percent in the quarter ended Jan. 31 to $179.6 million, or $1.40 a share. He speaks with Betty Liu on Bloomberg Television’s "In the Loop." (Source: Bloomberg)