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Inter Parfums buy

This article was originally published in The Rose Sheet

Executive Summary

Sales from acquired Tristar mass market fragrance brands could reach $15 mil. within 12 months, fragrance marketer says. Inter Parfums' wholly-owned subsidiary, Jean Philippe Fragrances, received approval from San Antonio, Texas bankruptcy court to buy certain Tristar trademarks and intellectual property for $3.5 mil. and inventory for $4.7 mil., firm announces May 1. Tristar's fragrance portfolio includes Royal, Royal Crown II, Regal and Club Exclusive. Formal purchase agreement to be signed shortly; deal is expected to close by June 1. Fragrance Impressions, a newly formed company owned by Tristar management, will purchase remaining assets of Tristar. Jean Philippe announced its bid in March following Tristar's Chapter 11 filing (1"The Rose Sheet" March 18, 2002, p. 3)...
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