Inter Parfums, Inc. (NASDAQ GS: IPAR)
today announced that it has entered into an exclusive worldwide
fragrance license for the Roberto Cavalli brand, effective July 6,
2023. Based in Florence, Interparfums Italia, the Company’s wholly
owned subsidiary, will manage the Cavalli fragrance business, in
keeping with the Company’s strategy to develop an Italian brand
hub.
Established in 1970, Roberto Cavalli is a globally recognized
Italian luxury lifestyle brand incorporating apparel for women, men
and children, fashion accessories, home collections, and
fragrances. Roberto Cavalli fragrances debuted in 2002 introducing
the first of a series of successful initiatives under the Roberto
Cavalli and Just Cavalli brands.
Roberto Cavalli scents are sophisticated, luxurious, and
flamboyant while Just Cavalli fragrances are designed to appeal to
contemporary, urban customers that are young or young at heart. In
addition to the two core lines the house launched the Roberto
Cavalli Gold Collection, an ultra-premium fragrance collection, in
2014. Cavalli fragrances are distributed globally, with a
concentration in Europe, the Middle East and the United States.
Jean Madar, Chairman and Chief Executive Officer of Inter
Parfums, Inc. noted, “We are enthusiastic about the potential of
our partnership with Cavalli and its creative director, Fausto
Puglisi. We will modernize and elevate the fragrance portfolio,
build out a powerful global brand presence along with a robust
omni-channel reach, strengthening visibility and improve shelf
space. Our current plans call for brand extensions in 2024 and a
new blockbuster scent for women in 2025. It is natural that the
Cavalli brand be based in Italy utilizing our Florence resources,
staff and infrastructure, which will be a long-term competitive
advantage.”
Sergio Azzolari, Chief Executive Officer of Roberto Cavalli,
commented, “We are looking forward to our partnership with Inter
Parfums as they represent excellence in the fragrance business.
Fragrances and beauty are an important pillar for the Roberto
Cavalli brand to reach more of our customers within the Roberto
Cavalli universe, and we can’t think of a better partner. Inter
Parfums has a significant track record in supporting brands in
their upward trajectories, combining global excellence and
capabilities with a strong understanding of the Italian luxury
business. Inter Parfums strongly believes in our brands’ potential,
and we will work together to develop and grow this business
combining commitment, focus and innovation.”
About Inter Parfums, Inc.:
Operating in the global fragrance business since 1982, Inter
Parfums, Inc. produces and distributes a wide array of prestige
fragrance and fragrance-related products under license agreements
with brand owners. The Company manages its business in two
operating segments, European based operations, through their 72%
owned subsidiary, Interparfums SA, and United States based
operations.
The portfolio of prestige brands includes Abercrombie &
Fitch, Anna Sui, Boucheron, Coach, Donna Karan, DKNY, Ferragamo,
Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade,
MCM, Moncler, Montblanc, Oscar de la Renta, Roberto Cavalli, S.T.
Dupont, Ungaro, and Van Cleef & Arpels, whose products are
distributed in over 120 countries around the world through an
extensive and diverse network of distributors. Inter Parfums, Inc.
is also the registered owner of several trademarks including Lanvin
and Rochas.
About Roberto Cavalli:
Founded in 1970, Roberto Cavalli is a leading Italian brand in
fashion, accessories and luxury lifestyle. Defined by a glamorous
contemporary aesthetic, the brand is the quintessential expression
of Italian excellence, craftsmanship and its Mediterranean origins.
The Roberto Cavalli portfolio is positioned within the luxury
segment and includes the Home, Junior, Eyewear, Perfumes, Watches
and Just Cavalli collections. Roberto Cavalli SpA is currently
controlled by Vision Investment Co. LLC. www.robertocavalli.com
Forward-Looking Statements:
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, 2022 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230710466652/en/
Contact at Inter Parfums, Inc. Michel Atwood, CFO (212) 983-2640
matwood@interparfumsinc.com www.interparfumsinc.com
-or-
Investor Relations Counsel The Equity Group Inc. Karin Daly
(212) 836-9623/ kdaly@equityny.com Linda Latman (212) 836-9609/
llatman@equityny.com www.theequitygroup.com
Contact at Roberto Cavalli: Salvatore Caliendo
s.caliendo@robertocavalli.com
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