UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K
                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported) August 12, 2002

                                  TIFFANY & CO.
             (Exact name of registrant as specified in its charter)

       Delaware                     1-9494                   13-3228013
--------------------------------------------------------------------------------
(State or other jurisdiction     (Commission               (IRS Employer
    of incorporation)             File Number)             Identification No.)


727 Fifth Avenue, New York, New York                            10022
--------------------------------------------------------------------------------
(Address of principal executive offices)                      (Zip Code)

Registrant's telephone number, including area code:       (212) 755-8000

                                 Not applicable
        (Former name and former address, if changed since last report.)


<PAGE>


     Item 5. Other Events

     On  August  12,  2002,  Tiffany  &  Co.  announced  that  its  wholly-owned
subsidiary, TSAC Corp., has entered into a stock purchase agreement with Seymour
Holtzman and certain of his affiliates,  including Jewelcor Management, Inc., to
purchase their shares of the common stock,  par value $0.01 per share, of Little
Switzerland,  Inc.  (OTCBB:  LSVI.OB),  representing  approximately  12%  of the
outstanding  Little  Switzerland  common  stock,  at $2.40  per  share.  Tiffany
currently   beneficially  owns   approximately   45%  of  Little   Switzerland's
outstanding  common stock. The stock purchase  agreement  contemplates that TSAC
Corp.  promptly  will commence a cash tender offer to acquire the balance of the
outstanding shares of Little  Switzerland's common stock at $2.40 per share. The
stock  purchase  agreement  will  be  subject  to  conditions  identical  to the
conditions of the tender offer, including the minimum tender and majority of the
minority conditions described below.

     The purchase price of $2.40 per share  represents a 73 percent premium over
the  closing  price of $1.39 on August  12,  2002.  Neither  the stock  purchase
agreement  nor the tender  offer is  conditioned  on Tiffany & Co. or any of its
subsidiaries  obtaining  any  financing or the approval of Little  Switzerland's
Board of  Directors.  The stock  purchase  agreement  and the tender  offer are,
however,  subject to the  tender of a  sufficient  number of Little  Switzerland
shares so that,  upon the  closing  of the tender  offer and the stock  purchase
agreement, Tiffany would beneficially own at least 90% of the outstanding Little
Switzerland  common  stock on a  fully-diluted  basis.  In  addition,  the stock
purchase  agreement and the tender offer are subject to the tender of at least a
majority  of  the  outstanding  Little  Switzerland  shares,   excluding  shares
beneficially owned by Tiffany, Mr. Holtzman or any of Mr. Holtzman's affiliates.

     Tiffany & Co.  expects to commence the tender offer on or soon after August
15,  2002.  Tiffany  anticipates  causing  TSAC Corp.  to acquire any shares not
purchased  under the stock purchase  agreement and in the tender offer through a
"short  form"  merger at the same cash price per share as the tender  offer,  so
long as the tender offer is successful  and Tiffany & Co.  beneficially  owns at
least 90% of the outstanding shares of Little Switzerland Common Stock after its
completion,  including  the  shares  purchased  pursuant  to the stock  purchase
agreement.  If the tender offer is successful,  Tiffany & Co. intends to operate
Little  Switzerland  as a separate  business  unit  under the trade name  LITTLE
SWITZERLAND.  A copy of the Company's press release with respect to the offering
is filed as Exhibit 99.1 hereto.

     Item 7. Financial Statements and Exhibits

     (c) Exhibits

     Exhibit No           Description

     99.1                 Tiffany & Co. Press Release dated August 12, 2002





<PAGE>





                                   SIGNATURES
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
  registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.

Date:    August 13, 2002


                                TIFFANY & CO.
                                Registrant

                                By:    /s/  Patrick B. Dorsey
                                       ---------------------------------------
                                       Name:    Patrick B. Dorsey
                                       Title:   Senior Vice President,
                                                Secretary and General Counsel


<PAGE>


                                  EXHIBIT INDEX



       Exhibit No         Description

       99.1               Tiffany & Co. Press Release dated August 12, 2002
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UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported) August 12, 2002

                                  TIFFANY & CO.
             (Exact name of registrant as specified in its charter)

       Delaware                     1-9494                   13-3228013
--------------------------------------------------------------------------------
(State or other jurisdiction     (Commission               (IRS Employer
    of incorporation)             File Number)             Identification No.)

727 Fifth Avenue, New York, New York                            10022
--------------------------------------------------------------------------------
(Address of principal executive offices)                      (Zip Code)

Registrant's telephone number, including area code:       (212) 755-8000

                                 Not applicable
        (Former name and former address, if changed since last report.)
Item 5. Other Events

     On  August  12,  2002,  Tiffany  &  Co.  announced  that  its  wholly-owned
subsidiary, TSAC Corp., has entered into a stock purchase agreement with Seymour
Holtzman and certain of his affiliates,  including Jewelcor Management, Inc., to
purchase their shares of the common stock,  par value $0.01 per share, of Little
Switzerland,  Inc.  (OTCBB:  LSVI.OB),  representing  approximately  12%  of the
outstanding  Little  Switzerland  common  stock,  at $2.40  per  share.  Tiffany
currently   beneficially  owns   approximately   45%  of  Little   Switzerland's
outstanding  common stock. The stock purchase  agreement  contemplates that TSAC
Corp.  promptly  will commence a cash tender offer to acquire the balance of the
outstanding shares of Little  Switzerland's common stock at $2.40 per share. The
stock  purchase  agreement  will  be  subject  to  conditions  identical  to the
conditions of the tender offer, including the minimum tender and majority of the
minority conditions described below.

     The purchase price of $2.40 per share  represents a 73 percent premium over
the  closing  price of $1.39 on August  12,  2002.  Neither  the stock  purchase
agreement  nor the tender  offer is  conditioned  on Tiffany & Co. or any of its
subsidiaries  obtaining  any  financing or the approval of Little  Switzerland's
Board of  Directors.  The stock  purchase  agreement  and the tender  offer are,
however,  subject to the  tender of a  sufficient  number of Little  Switzerland
shares so that,  upon the  closing  of the tender  offer and the stock  purchase
agreement, Tiffany would beneficially own at least 90% of the outstanding Little
Switzerland  common  stock on a  fully-diluted  basis.  In  addition,  the stock
purchase  agreement and the tender offer are subject to the tender of at least a
majority  of  the  outstanding  Little  Switzerland  shares,   excluding  shares
beneficially owned by Tiffany, Mr. Holtzman or any of Mr. Holtzman's affiliates.

     Tiffany & Co.  expects to commence the tender offer on or soon after August
15,  2002.  Tiffany  anticipates  causing  TSAC Corp.  to acquire any shares not
purchased  under the stock purchase  agreement and in the tender offer through a
"short  form"  merger at the same cash price per share as the tender  offer,  so
long as the tender offer is successful  and Tiffany & Co.  beneficially  owns at
least 90% of the outstanding shares of Little Switzerland Common Stock after its
completion,  including  the  shares  purchased  pursuant  to the stock  purchase
agreement.  If the tender offer is successful,  Tiffany & Co. intends to operate
Little  Switzerland  as a separate  business  unit  under the trade name  LITTLE
SWITZERLAND.  A copy of the Company's press release with respect to the offering
is filed as Exhibit 99.1 hereto.

     Item 7. Financial Statements and Exhibits

     (c) Exhibits

     Exhibit No           Description

     99.1                 Tiffany & Co. Press Release dated August 12, 2002
SIGNATURES
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
  registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.

Date:    August 13, 2002

                                TIFFANY & CO.
                                Registrant

                                By:    /s/  Patrick B. Dorsey
                                       ---------------------------------------
                                       Name:    Patrick B. Dorsey
                                       Title:   Senior Vice President,
                                                Secretary and General Counsel
EXHIBIT INDEX

       Exhibit No         Description

       99.1               Tiffany & Co. Press Release dated August 12, 2002