NEW YORK–(BUSINESS WIRE)–Inter Parfums, Inc. (NASDAQ GS: IPAR) announced today that its Dunhill fragrance license will expire on September 30, 2023 and will not be renewed.
During the rest of the license, Inter Parfums will continue to produce and sell Dunhill perfumes under the same commercial conditions as in the past. Once the license expires, Inter Parfums has the right to sell its remaining inventory of Dunhill fragrances for a limited time, as is common in our industry.
Jean Madar, Chairman and CEO of Inter Parfums, said: “I am very proud of the Dunhill fragrance business that we have built over the past decade. We took over the Dunhill fragrance license in April 2013 and in the years since have brought to market several fragrance mainstays for the brand, including the Icon and Signature collections. We intend to continue to support the Dunhill brand and our distributors during the transition period. »
He concluded, “Looking forward, we are focused on growing our biggest brands, reinvigorating the fragrance businesses of our new licensed brands and expanding our brand portfolio.”
Founded in 1982, Inter Parfums, Inc. develops, manufactures and distributes prestigious perfumes and cosmetics as an exclusive worldwide licensee for Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Dunhill, Ferragamo, Graff, GUESS, Hollister, Jimmy Choo , Karl Lagerfeld, Kate Spade, MCM, Moncler, Montblanc, Oscar de la Renta, ST Dupont, Ungaro and Van Cleef & Arpels. Inter Parfums also owns Lanvin perfumes and the Rochas brand. Through its global distribution network, the Company’s products are sold in more than 120 countries.
Statements in this release that are not historical in nature are forward-looking statements. Although we believe that our plans, intentions and expectations reflected in these forward-looking statements are reasonable, we cannot guarantee that these plans, intentions or expectations will be realized. 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 any forward-looking statements, as actual events or results may differ materially from those indicated by such forward-looking statements due to 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 year ended December 31. 2021 and reports them from time to time on Inter Parfums’ filings with the Securities and Exchange Commission. Inter Parfums does not intend and assumes no obligation to update the information contained in this press release.