Inter Parfums, Inc. in Exclusive Fragrance License Negotiations With Salvatore Ferragamo S.p.A.
June 03 2021 - 11:40AM
Business Wire
Inter Parfums, Inc. (NASDAQ GS: IPAR) announced today that it is
engaged in ongoing exclusive negotiations with Salvatore Ferragamo
S.p.A. to become the worldwide and exclusive licensee for the
Ferragamo perfume brand.
The structure of the contemplated transaction is aimed at giving
a further boost to the fragrance business, preserving the brand’s
values and heritage, with Made in Italy products and selective
distribution worldwide in line with the brand positioning.
Closing is subject to the signing of definitive agreements.
ABOUT INTER PARFUMS, INC.
Founded in 1982, Inter Parfums, Inc. develops, manufactures and
distributes prestige perfumes and cosmetics as the exclusive
worldwide licensee for Abercrombie & Fitch, Anna Sui,
Boucheron, Coach, Dunhill, Graff, GUESS, Hollister, Jimmy Choo,
Karl Lagerfeld, Kate Spade New York, MCM, Moncler, Montblanc, Oscar
de la Renta, Paul Smith, Repetto, S.T. Dupont and Van Cleef &
Arpels. Inter Parfums is also the owner of Lanvin fragrances and
the Rochas brand. Through its global distribution network, the
Company’s products are sold in over 120 countries.
Statements in this release which are not historical in nature
are forward-looking statements. Although we believe that our plans,
intentions and expectations reflected in such forward-looking
statements are reasonable, we can give no assurance that such
plans, intentions or expectations will be achieved. In some cases
you can identify forward-looking statements by forward-looking
words such as "anticipate," "believe," "could," "estimate,"
"expect," "intend," "may," "should," "will," and "would," or
similar words. You should not rely on forward-looking statements,
because actual events or results may differ materially from those
indicated by these forward-looking statements as a result of a
number of important factors. These factors include, but are not
limited to, the risks and uncertainties discussed under the
headings “Forward Looking Statements” and "Risk Factors" in Inter
Parfums' annual report on Form 10-K for the fiscal year ended
December 31, 2020 and the reports Inter Parfums files from time to
time with the Securities and Exchange Commission. Inter Parfums
does not intend to and undertakes no duty to update the information
contained in this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210603005767/en/
Contact at Inter Parfums, Inc. Russell Greenberg, Exec. VP &
CFO (212) 983-2640 rgreenberg@interparfumsinc.com
www.interparfumsinc.com Investor Relations Counsel The Equity Group
Inc. Fred Buonocore (212) 836-9607 / fbuonocore@equityny.com Linda
Latman (212) 836-9609 / llatman@equityny.com
www.theequitygroup.com
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