Inter Parfums/Lanvin deal
This article was originally published in The Rose Sheet
Executive Summary
Inter Parfums' Paris-based subsidiary, Inter Parfums S.A., and Lanvin are negotiating a "long-term worldwide license agreement for the creation, development and distribution of fragrance lines under the Lanvin brand name," fragrance company announces June 3. Provisions of the deal would include "an upfront license fee, advertising expenditures and royalty payments" as well as the purchase of existing inventory, firm notes. Proposed transaction is contingent upon a formal agreement between the parties. Lanvin fragrance sales reached $33 mil. in 2003, Inter Parfums says. Planned agreement follows announcement by the French fashion company that it would license its fragrance business and focus on its core ready-to-wear collection due to a difficult economic situation (1"The Rose Sheet" April 12, 2004, In Brief)...
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