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Tiffany inks new 20-year deal with Elsa Peretti

By Washington Examiner
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NEW YORK (AP) — Tiffany & Co. has signed a contract that extends its long-standing exclusive license to sell jewelry and other items under Italian jewelry designer Elsa Peretti’s name for another 20 years.

Tiffany has been the only licensee for Elsa Peretti designs since 1974. Tiffany will make a one-time payment of $47 million to Peretti as part of the new contract. Peretti will also get royalties and fees related to the licensed jewelry.

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