NEW YORK, December 21, 2022–(Organization WIRE)–Inter Parfums, Inc. (NASDAQ GS: IPAR) right now declared that its vast majority owned Paris-based mostly subsidiary, Interparfums SA and Lacoste, the iconic trend sport model, have signed a around the world special 15-year fragrance license settlement efficient January 1, 2024.
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Under this arrangement, which include an entrance charge of €90 million, Interparfums will be dependable for the development, growth, generation and promoting of all perfume and cosmetics strains underneath the Lacoste brand, in selective distribution as nicely as in the Lacoste boutique network.
The launch of the very first new fragrance line is scheduled for 2024.
Thierry Guibert, Lacoste President, stated: “Interparfums’ verified know-how and creativity will be key assets to keep on the development of our fragrance category, which performs a substantial purpose in Lacoste’s popularity. Our prevalent eyesight will permit us to acquire an approach that is ever more in line with the brand’s powerful id codes, whose fragrances nonetheless have excellent likely.”
Jean Madar, Chairman and CEO of Inter Parfums, Inc., extra: “Lacoste is an emblematic brand in the earth of fashion and activity with a pretty high stage of recognition and desirability all over the entire world. The administration crew has a very clear and exact vision of the brand’s good improvement likely, which will also allow for us to just take the perfumes bigger and further. This is an vital new strategic stage in the life of Interparfums. We are delighted and thrilled about this interesting partnership.”
Given that the extremely first polo was designed in 1933, Lacoste relies on its genuine sports activities heritage to spring optimism and elegance on the planet thanks to a one of a kind and authentic way of life for gals, adult men and little ones.
At the juncture of activity and trend, Lacoste frees us up, generates motion in our lives, and liberates our self-expression. In just about every assortment, in each and every line, Lacoste’s timeless class is captured by means of a mix of the innovative and the basic. Given that its beginnings, the crocodile’s aura has grown additional effective with each and every technology who has worn it, getting a rallying signal beyond fashion. Passed from nation to nation, from just one era to the future, from one particular pal to a different, Lacoste parts turn out to be imbued with an psychological connection that raises them to the position of icons.
The Lacoste elegance – both equally universal and timeless – delivers together a massive neighborhood, in which everybody respects and recognizes every single other’s values and discrepancies
Lacoste is set up in 98 countries, in the course of a network of 1100 stores. For even more data on Lacoste: https://company.lacoste.com/
About Inter Parfums, Inc.:
Launched in 1982, Inter Parfums, Inc. develops, manufactures and distributes status perfumes and cosmetics as the exceptional globally licensee for 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, S.T. Dupont, Ungaro and Van Cleef & Arpels. Inter Parfums is also the proprietor of Lanvin fragrances and the Rochas brand name. Through its world-wide distribution network, the Company’s items are offered in about 120 international locations
Statements in this release which are not historic in character are ahead-hunting statements. Whilst we believe that our options, intentions and expectations mirrored in these forward-seeking statements are acceptable, we can give no assurance that such strategies, intentions or expectations will be achieved. In some situations, you can discover forward-looking statements by ahead-on the lookout text this sort of as “foresee,” “think,” “could,” “estimate,” “count on,” “intend,” “may perhaps,” “should,” “will,” and “would,” or comparable phrases. You must not depend on ahead-on the lookout statements, since precise situations or effects may possibly differ materially from these indicated by these forward-searching statements as a result of a number of essential factors. These aspects include things like, but are not restricted to, the hazards and uncertainties mentioned underneath the headings “Forward On the lookout Statements” and “Threat Elements” in Inter Parfums’ annual report on Sort 10-K for the fiscal year finished December 31, 2021 and the reports Inter Parfums files from time to time with the Securities and Trade Fee. Inter Parfums does not intend to and undertakes no responsibility to update the facts contained in this press launch.
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Head of Corporate Communications
+33 6 26 74 52 25
Call at Inter Parfums, Inc.
Michel Atwood, CFO
Investor Relations Counsel
The Equity Team Inc.
Karin Daly (212) 836-9623/ [email protected]
Linda Latman (212) 836-9609/ [email protected]