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

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.
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