NEW YORK–(BUSINESS WIRE)–Inter Parfums, Inc. (NASDAQ GS: IPAR) right this moment introduced that Salvatore Ferragamo S.p.A. (MTA: SFER), the father or mother 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 can final for 10 years with a 5-year optionally available time period, topic to sure circumstances.
On the subject of 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 also will assure the manufacturing in Italy.
“Inter Parfums’ nice competence and acknowledged creativity make it the perfect companion to protect the values and heritage of our model with Made in Italy merchandise. Its nice business experience will 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’re very proud that Salvatore Ferragamo has chosen Inter Parfums for this new partnership. Salvatore Ferragamo is actually one of the iconic and well-known manufacturers within the luxurious section to which we wish to dedicate all our consideration for the perfect future growth. The entry of Ferragamo in our portfolio represents a terrific 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.
Based 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. By its world distribution community, the Firm’s merchandise are bought in over 120 international locations.
Statements on this launch which aren’t historic in nature are forward-looking statements. Though we consider that our plans, intentions and expectations mirrored in such forward-looking statements are cheap, we can provide no assurance that such plans, intentions or expectations might be achieved. In some instances you possibly can establish forward-looking statements by forward-looking phrases equivalent to “anticipate,” “consider,” “may,” “estimate,” “count on,” “intend,” “could,” “ought to,” “will,” and “would,” or comparable phrases. You shouldn’t depend on forward-looking statements, as a result of precise occasions or outcomes could differ materially from these indicated by these forward-looking statements because of quite a lot of essential elements. These elements embrace, however will not be restricted to, the dangers and uncertainties mentioned underneath the headings “Ahead Trying Statements” and “Danger Components” in Inter Parfums’ annual report on Kind 10-Ok for the fiscal yr ended December 31, 2020 and the studies Inter Parfums information now and again with the Securities and Trade Fee. Inter Parfums doesn’t intend to and undertakes no responsibility to replace the knowledge contained on this press launch.