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Jean Philippe

This article was originally published in The Rose Sheet

Executive Summary

Board adopts resolution to change name to Inter Parfums. It is expected the proposal will be approved at the annual stockholders meeting July 13 and will become effective July 14. Explaining the reason behind the decision, Jean Philippe said while it will continue to develop new mass market products, its growth in recent years has come from its 79%-owned prestige Paris subsidiary, Inter Parfums. Over the past three years, the business has represented an increasing percentage of overall sales and generated 66% of Jean Philippe's consolidated business in 1998
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