Karl LagerfeldBV And Inter Parfums Sign A New Exclusive Fragrance License Agreement

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 consent.

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:

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