Retail analyst Rahul Sharma calls Tiffany's (TIF +3.1%) move to renew its licensing deal with...

|About: Tiffany & Co. (TIF)|By:, SA News Editor

Retail analyst Rahul Sharma calls Tiffany's (TIF +3.1%) move to renew its licensing deal with Elsa Peretti for 20 years a "material positive" after factoring in the large amount of business the brand generates for the company. At a cost of $47M upfront, Tiffany may have removed a lingering overhang on its shares that it would lose the business or pay a much higher price down the road to keep it.