Exclusive: Tiffany to Close Iridesse

Iridesse store interiorTiffany & Co. plans to close Iridesse, the pearl-only chain it launched in 2004.

The closings will occur “as we make agreements with the landlords and sell off the inventory,” said Tiffany spokeswoman Linda Buckley. She said she expects it to happen over the next few months.

There are currently 16 Iridesse stores.

“We still very much believe in the concept, but the current economic climate being what it is, the Iridesse business was disappointing,” Buckley said. “We believe it has potential but we just couldn’t continue to support it at this time.”