Tiffany Buys Handbag Manufacturer

Tiffany & Co is buying U.S. handbag maker Lambertson Truex, in an attempt to add handbags to its offerings, Reuters reported.

According to a report in Women’s Wear Daily, Richard Lambertson and John Truex will join Tiffany to develop leather accessories for Tiffany. 

Ten-year-old Lambertson Truex filed for Chapter 11 bankruptcy protection in March.