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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): July 10, 2023
Inter
Parfums, Inc.
(Exact
name of Registrant as specified in its charter)
Delaware
|
|
0-16469 |
|
13-3275609 |
(State or other jurisdiction
of
incorporation or organization) |
|
Commission
File Number |
|
(I.R.S. Employer
Identification No.) |
551
Fifth Avenue, New
York, NY
10176
(Address of Principal Executive Offices)
212.983.2640
(Registrant’s Telephone number, including area code)
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligations of the registrant under
any of the following provisions (see General Instruction A.2 below):
☐ |
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting Material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange
on which registered |
|
|
|
|
|
Common
Stock, $.001 par value per share |
|
IPAR |
|
The
Nasdaq Stock Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01 Other Events
Our
press release dated July 10, 2023 relating to the acquisition of an exclusive worldwide fragrance license for the Roberto Cavalli
brand, a copy of which is annexed hereto as Exhibit no. 99.1, is incorporated by reference herein.
Item
9.01 Financial Statements and Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused and authorized this report to be
signed on its behalf by the undersigned.
Dated:
July 10, 2023
|
Inter Parfums, Inc. |
|
|
|
By: |
/s/
Michel Atwood |
|
|
Michel Atwood, |
|
|
Chief Financial Officer |
|
|
|
Exhibit 99.1
FOR IMMEDIATE RELEASE
INTER PARFUMS, INC. SIGNS EXCLUSIVE
WORLDWIDE FRAGRANCE LICENSE FOR ROBERTO CAVALLI
New York, New York, July 10, 2023: Inter
Parfums, Inc. (NASDAQ GS: IPAR) today announced that it has entered into an exclusive worldwide fragrance license for the Roberto
Cavalli brand, effective July 6, 2023. Based in Florence, Interparfums Italia, the Company’s wholly owned subsidiary, will
manage the Cavalli fragrance business, in keeping with the Company’s strategy to develop an Italian brand hub.
Established in 1970, Roberto Cavalli is
a globally recognized Italian luxury lifestyle brand incorporating apparel for women, men and children, fashion accessories, home
collections, and fragrances. Roberto Cavalli fragrances debuted in 2002 introducing the first of a series of successful initiatives
under the Roberto Cavalli and Just Cavalli brands.
Roberto Cavalli scents are sophisticated,
luxurious, and flamboyant while Just Cavalli fragrances are designed to appeal to contemporary, urban customers that are
young or young at heart. In addition to the two core lines the house launched the Roberto Cavalli Gold Collection, an ultra-premium
fragrance collection, in 2014. Cavalli fragrances are distributed globally, with a concentration in Europe, the Middle East and
the United States.
Jean Madar, Chairman and Chief Executive
Officer of Inter Parfums, Inc. noted, “We are enthusiastic about the potential of our partnership with Cavalli and its creative
director, Fausto Puglisi. We will modernize and elevate the fragrance portfolio, build out a powerful global brand presence along
with a robust omni-channel reach, strengthening visibility and improve shelf space. Our current plans call for brand extensions
in 2024 and a new blockbuster scent for women in 2025. It is natural that the Cavalli brand be based in Italy utilizing our Florence
resources, staff and infrastructure, which will be a long-term competitive advantage.”
Sergio Azzolari, Chief Executive Officer
of Roberto Cavalli, commented, “We are looking forward to our partnership with Inter Parfums as they represent excellence
in the fragrance business. Fragrances and beauty are an important pillar for the Roberto Cavalli brand to reach more of our customers
within the Roberto Cavalli universe, and we can’t think of a better partner. Inter Parfums has a significant track record
in supporting brands in their upward trajectories, combining global excellence and capabilities with a strong understanding of
the Italian luxury business. Inter Parfums strongly believes in our brands’ potential, and we will work together to develop
and grow this business combining commitment, focus and innovation.”
About Inter Parfums, Inc.:
Operating in the global fragrance business
since 1982, Inter Parfums, Inc. produces and distributes a wide array of prestige fragrance and fragrance-related products under
license agreements with brand owners. The Company manages its business in two operating segments, European based operations, through
their 72% owned subsidiary, Interparfums SA, and United States based operations.
The portfolio of prestige brands includes
Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Donna Karan, DKNY, Ferragamo, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld,
Kate Spade, MCM, Moncler, Montblanc, Oscar de la Renta, Roberto Cavalli, S.T. Dupont, Ungaro, and Van Cleef & Arpels, whose
products are distributed in over 120 countries around the world through an extensive and diverse network of distributors. Inter
Parfums, Inc. is also the registered owner of several trademarks including Lanvin and Rochas.
About Roberto Cavalli:
Founded in 1970, Roberto Cavalli
is a leading Italian brand in fashion, accessories and luxury lifestyle. Defined by a glamorous contemporary aesthetic, the brand is the quintessential expression of Italian excellence, craftsmanship
and its Mediterranean origins. The Roberto Cavalli portfolio is positioned within the luxury segment and includes the Home, Junior,
Eyewear, Perfumes, Watches and Just Cavalli collections. Roberto Cavalli SpA is currently controlled by Vision Investment Co.
LLC. www.robertocavalli.com
Forward-Looking Statements:
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, 2022 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.
Contact at Inter Parfums, Inc. |
-or- |
Investor Relations Counsel |
Michel Atwood, CFO |
|
The Equity Group Inc. |
(212) 983-2640 |
|
Karin Daly (212) 836-9623/ kdaly@equityny.com |
matwood@interparfumsinc.com |
|
Linda Latman (212) 836-9609/ llatman@equityny.com |
www.interparfumsinc.com |
|
www.theequitygroup.com |
|
|
|
Contact at Roberto Cavalli: |
|
|
Salvatore Caliendo |
|
|
s.caliendo@robertocavalli.com |
|
|
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