Just days after announcing the sale of its Tokyo store, platinum jewellery producer Tiffany could be about to offload its main London branch, according to new reports.
At a Goldman Sachs conference in New York, chief financial officer for the platinum jewellery company, James Fernandez said: "We have been talking about doing that for some time," reports Bloomberg.
"It is reasonable to expect that this is happening sometime soon."
The news comes after billionaire Nelson Peltz, who owns a five per cent stake in Tiffany, urged the platinum retailer to increase its profit margins.
Earlier this week, the New York-based retailer announced the sale of its branch in the Ginza district of the Japanese capital for some £164 million, although it is still set to remain in the building on a leasing agreement.
Tiffany is the world's second-largest luxury jewellery producer and crafts a variety of goods from platinum including a stunning Stars platinum pendant, made with round brilliant diamonds and with a retail value of £2,000.
