InterparfumsSA and Burberry Announce Transition Agreement
NEW YORK -- October 11, 2012
Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that with regard to the
future transfer of the Burberry fragrance and beauty business, its subsidiary,
Interparfums^SA and Burberry have signed a transition agreement in order to
facilitate a smooth transition, which includes an additional three month
period ending on March 31, 2013 and confirms the exit payment by December 31,
2012. Under the terms of this agreement, Interparfums^SA will continue
operating the business for this brand until March 31, 2013, at which time the
business will be turned over to Burberry.
In the nearly 30 years since its founding, Inter Parfums, Inc. has been
selected as the fragrance and beauty partner for a growing list of prestige
brands that include Burberry, Lanvin, Jimmy Choo, Van Cleef & Arpels,
Montblanc, Paul Smith, Boucheron, S.T. Dupont, Balmain and Repetto. Inter
Parfums is also the fragrance and beauty partner for specialty retail and
designer brands such as Gap, Banana Republic, Brooks Brothers, bebe, Betsey
Johnson, Nine West and Anna Sui. Inter Parfums is known for innovation,
quality and its ability to capture the genetic code of each brand in the
products it develops, manufactures and distributes 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, 2011 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.
Inter Parfums, Inc.
Russell Greenberg, 212-983-2640
Exec. VP & CFO
Investor Relations Counsel
The Equity Group Inc.
Linda Latman, 212-836-9609 / email@example.com
Fred Buonocore, 212-836-9607 / firstname.lastname@example.org
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