Inter Parfums USA Signs an Exclusive License Agreement for Agent Provocateur
NEW YORK -- July 29, 2013
Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that it has entered into
a 10.5-year exclusive worldwide license to create, produce and distribute
perfumes and related products under London-based luxury lingerie brand, Agent
Provocateur. The agreement commences on August 1, 2013 and runs through
December 31, 2023. Financo LLC acted as the financial advisor to Inter Parfums
USA in connection with this transaction.
The Company plans to launch its first fragrance under the Agent Provocateur
brand featuring iconic packaging in 2014. In addition, Inter Parfums will take
over distribution of selected fragrances within the brand’s perfume portfolio
and plans to revitalize the Agent Provocateur signature scent.
Founded in 1994 by Joseph Corré, and Serena Rees and acquired by the private
equity firm, 3i Group plc in 2007, Agent Provocateur is an iconic,
globally-recognized brand, breaking new ground with every collection and
rightfully earning its place as a benchmark brand in the world of lingerie. It
is a brand that is confident, sensual and irreverent. Agent Provocateur
celebrates and empowers women with a unique brand image renowned for being
provocative and yet always leaving something to the imagination.
In recent years, Agent Provocateur has been opening doors at a steady growth
and plans to continue to grow its door count, especially in Asia. Currently,
its products which extend into swimwear, bridal and accessories, are sold
globally at nearly 80 doors in 26 countries, which include its own boutiques,
shop-in-shops within the finest department stores and specialty retailers, as
well as on www.agentprovocateur.com.
Jean Madar, Chairman and CEO of Inter Parfums, Inc. stated, “Agent Provocateur
is an edgy, sophisticated, and decidedly upscale luxury brand with significant
global appeal. The connection between scent and sensuality is very strong and
we look forward to building upon the success that Agent Provocateur has
already had in leveraging this marriage. Accordingly, we are in the process of
creating a new fragrance portfolio for the brand, which we plan to launch with
the introduction of a new signature scent next year.”
Garry Hogarth, CEO of Agent Provocateur added, “Agent Provocateur is excited
to be partnering with Inter Parfums. I am confident that we will be able to
capture the essence of the Brand and look forward to introducing new luxury
fragrance collections that will embody the nature of Agent Provocateur.”
About Inter Parfums:
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 brands that
include Lanvin, Jimmy Choo, Van Cleef & Arpels, Montblanc, Paul Smith,
Boucheron, S.T. Dupont, Balmain, Karl Lagerfeld, Repetto, Alfred Dunhill,
Shanghai Tang, Anna Sui, Gap, Banana Republic, Brooks Brothers, bebe, Betsey
Johnson and Nine West. 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 100 countries worldwide.
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, 2012 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.
Fred Buonocore, 212-836-9607
Linda Latman, 212-836-9609
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