NEW YORK–(BUSINESS WIRE)–Inter Parfums, Inc. (NASDAQ GS: IPAR) at this time introduced that Salvatore Ferragamo S.p.A. (MTA: SFER), the mum or dad firm of the Salvatore Ferragamo Group, one of many world’s main gamers within the luxurious sector, and Inter Parfums, Inc., a producer and distributor of status perfumes, have signed a transaction settlement whereby an unique and worldwide license might be granted for the manufacturing and distribution of Ferragamo model perfumes. The license might be efficient from October 2021 and will final for 10 years with a 5-year non-compulsory time period, topic to sure situations.
With reference to the administration and coordination of actions associated to the license settlement, Inter Parfums, Inc. will function by a wholly-owned Italian firm, primarily based in Florence, and may even assure the manufacturing in Italy.
“Inter Parfums’ nice competence and acknowledged creativity make it the best accomplice to protect the values and heritage of our model with Made in Italy merchandise. Its nice industrial experience may even guarantee a brand new enhance to the enterprise of our fragrances, which might be distributed by a fastidiously chosen gross sales community,” commented Leonardo Ferragamo, President of Salvatore Ferragamo S.p.A.
“We are very proud that Salvatore Ferragamo has chosen Inter Parfums for this new partnership. Salvatore Ferragamo is the truth is one of the vital iconic and well-known manufacturers within the luxurious section to which we wish to dedicate all our consideration for the most effective future growth. The entry of Ferragamo in our portfolio represents a fantastic alternative to additional develop our enterprise within the trend and luxurious section,” commented Jean Madar, Chairman and CEO of Inter Parfums, Inc.
ABOUT INTER PARFUMS, INC.
Founded in 1982, Inter Parfums, Inc. develops, manufactures and distributes status perfumes and cosmetics because the unique worldwide licensee for Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Dunhill, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade, MCM, Moncler, Montblanc, Oscar de la Renta, Paul Smith, Repetto, S.T. Dupont and Van Cleef & Arpels. Inter Parfums can also be the proprietor of Lanvin fragrances and the Rochas model. Through its international distribution community, the Company’s merchandise are offered in over 120 international locations.
Statements on this launch which aren’t historic in nature are forward-looking statements. Although we consider that our plans, intentions and expectations mirrored in such forward-looking statements are affordable, we may give no assurance that such plans, intentions or expectations might be achieved. In some circumstances you possibly can determine forward-looking statements by forward-looking phrases comparable to “anticipate,” “consider,” “may,” “estimate,” “anticipate,” “intend,” “might,” “ought to,” “will,” and “would,” or comparable phrases. You shouldn’t depend on forward-looking statements, as a result of precise occasions or outcomes might differ materially from these indicated by these forward-looking statements because of quite a lot of essential components. These components embody, however are usually not restricted to, the dangers and uncertainties mentioned below the headings “Forward Looking Statements” and “Risk Factors” in Inter Parfums’ annual report on Form 10-Okay for the fiscal 12 months ended December 31, 2020 and the stories Inter Parfums information every so often with the Securities and Exchange Commission. Inter Parfums doesn’t intend to and undertakes no responsibility to replace the data contained on this press launch.
https://www.businesswire.com/information/house/20210707005803/en/Salvatore-Ferragamo-S.p.A.-and-Inter-Parfums-Inc.-Sign-Agreement-for-Fragrance-Business-and-License
