Inter Parfums (IPAR) is in Exclusive Fragrance License Negotiations With Salvatore Ferragamo S.p.A.

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June 3, 2021 11:45 AM EDT

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Inter Parfums, Inc. (NASDAQ GS: IPAR) introduced immediately that it is engaged in ongoing unique negotiations with Salvatore Ferragamo S.p.A. to turn out to be the worldwide and unique licensee for the Ferragamo fragrance model.The construction of the contemplated transaction is geared toward giving an additional enhance to the perfume enterprise, preserving the model’s values and heritage, with Made in Italy merchandise and selective distribution worldwide in line with the model positioning.Closing is topic to the signing of definitive agreements.

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