Karl LagerfeldBV and Inter Parfums Sign a New Exclusive Fragrance License
NEW YORK -- October 25, 2012
Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that Karl Lagerfeld ^
BV, the internationally renowned haute couture fashion house, and
Interparfums^SA, its majority-owned subsidiary and the creator of prestige
perfumes and cosmetics, have signed a worldwide and exclusive license
agreement to create, produce and distribute perfumes under the Karl Lagerfeld
brand. This 20-year agreement starting today replaces a previous license
between the Karl Lagerfeld and Coty companies which was terminated by mutual
The launch of a new fragrance line is scheduled for 2014.
Karl Lagerfeld commented: “Nothing’s more exciting than a new venture and I am
sure that Interparfums^SA will go in the best direction and that they have the
possibility and the will to do so.”
Pier Paolo Righi, President and CEO of Karl Lagerfeld ^ BV said: “We are
extremely excited to enter into a long term partnership with Interparfums^SA
who fully shares our vision for the strategic development of the Karl
Lagerfeld brand and who brings great experience in successfully building
luxury fragrance businesses with a long term view.”
Jean Madar, Chairman & CEO of Inter Parfums, Inc. added: “Karl Lagerfeld is
one of the most talented designers worldwide. We are proud of his confidence
in us as a partner to pursue strategic and long term fragrance development for
the brand and we will actively devote our know-how and resources in order to
contribute to a large international success.”
KARL LAGERFELD Company profile
Under the creative direction of Karl Lagerfeld, one of the world’s most
influential and iconic designers, the Lagerfeld Portfolio represents a modern
approach to distribution, an innovative digital strategy and a global 360
degree vision that reflects the designer’s own style and soul. The portfolio
comprises three labels:
• Karl, the new line aimed at a cosmopolitan and digitally-savvy clientele,
launched exclusively online.
• Karl Lagerfeld Paris, the premium ready-to-wear collection for women and
• Lagerfeld, the menswear line for everyday, urban living.
Each line has its own accessories offering including eyewear, bags, shoes, and
Located in the Saint-Germain-des-Prés district of Paris, the KARL LAGERFELD
Company has been part of the portfolio of the British investment fund, APAX
PARTNERS, since 2006
INTER PARFUMS Company profile
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, Karl Lagerfeld 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
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
Lena Cati, 212-836-9611
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