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Moncler and Interparfums SA Sign a License Agreement for Fragrances
NEW YORK--(BUSINESS WIRE)-- Interparfums SA, the majority owned Paris-based subsidiary of Inter Parfums, Inc. (NASDAQ GS: IPAR) issued the following news
About this update from Interparfums, Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nInterparfums SA, the majority owned Paris-based subsidiary of Inter Parfums, Inc. (NASDAQ GS: IPAR) issued the following news release today. \n\n\nMONCLER AND INTERPARFUMS SA SIGN A LICENSE AGREEMENT FOR FRAGRANCES\n\n\nMoncler SpA, the iconic global luxury brand, and Interparfums SA, the creator of prestige perfumes and cosmetics, announce to have signed an exclusive and worldwide license agreement for fragrances which will last till December 31st, 2026, with a potential 5-year extension.\n\n\nUnder such agreement, Interparfums SA will create and produce perfumes and fragrance-related products and will distribute them in Moncler monobrand stores as well as selected department stores, specialty stores and duty-free shops.\n\n\nThe launch of the first fragrance line is expected within the first quarter of 2022.\n\n\nRemo Ruffini, Chairman and Chief Executive Officer of Moncler SpA, said: “Interparfums’ renowned expertise and creativity make it the ideal partner to develop a fragrance that is perfectly aligned with Moncler’s DNA and unique identity. The launch of Moncler’s first fragrance line is consistent with our selective brand extension strategy further enriching the clients’ experience with the brand.”\n\n\nPhilippe Benacin, Chairman and Chief Executive Officer of Interparfums SA, added: “This is a great achievement for us. Moncler is the only luxury brand associated to mountains, nature and constant search for innovation and evolution. Moncler has always stood for uniqueness, authenticity, quality and excellence. Its achievements are absolutely distinctive, and we are certain that its uniqueness will be successfully translated into a fragrance.”\n\n\nMilan and Paris, 11 June 2020\n\n\nAbout Moncler SpA: \n\n\nMoncler was founded at Monestier-de-Clermont, Grenoble, France, in 1952 and is currently headquartered in Italy. Over the years the brand has combined style with constant technological research assisted by experts in activities linked to the world of the mountain. The Moncler outerwear collections marry the extreme demands of nature with those of city life. In 2003, Remo Ruffini took over the company, of which he is currently Chairman and CEO. Moncler manufactures and directly distributes the clothing and accessories collections under the brand Moncler through its boutiques and in exclusiv...