Interparfums, Inc. To Develop Off-White Brand in Fragrance and Beauty Category
02 Dezember 2024 - 10:05PM
Interparfums, Inc. (NASDAQ GS: IPAR) (“Interparfums” or the
“Company”) today announced that its 72% owned French subsidiary,
Interparfums SA, has obtained all Off-White brand names and
registered trademarks for Class 3 fragrance and cosmetic products,
subject to an existing license that expires on December 31, 2025,
when Interparfums will begin commercial use of the fragrance
brands. The two companies will build a long-term relationship to
work in unison on strategies, category launches, and market
initiatives.
Founded in 2012, by the late designer Virgil
Abloh, Off-White is known for its high-end streetwear influences
and bold approach to youth luxury. When Virgil Abloh founded
Off-White, he sought to establish a brand with a universal design
language that was artistic, disruptive and a reflection of concepts
explored in the realm of youth culture.
Off-White is globally recognized for its:
- Conceptual and artistic dimension,
viewing fashion as an art form;
- Deconstructionist aesthetic,
including contrasting materials and functional details;
- Distinct and recurring brand
symbols that have become icons in the fashion world, such as
crossed arrows, quotation marks and the “X” logo; and
- Dedication to social and cultural
causes, supporting initiatives for diversity and inclusion in the
fashion sector, particularly in the field of design.
Jean Madar, Chairman & Chief Executive
Officer of Interparfums noted, “Off-White blends the worlds of
streetwear and luxury in a spirit of talent and inventiveness. This
is a tremendous opportunity for us considering the brand’s unique
positioning, not to mention Virgil Abloh’s impressive creative
legacy. This brand will help us explore new openings for fragrances
in the luxury sector.”
About Interparfums,
Inc.:Operating in the global fragrance business since
1982, Interparfums, 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 its 72%
owned subsidiary, Interparfums SA, and United States based
operations, through wholly owned subsidiaries in the United States
and Italy.
The portfolio of prestige brands includes
Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Donna
Karan/DKNY, Emanuel Ungaro, Ferragamo, Graff, GUESS, Hollister,
Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, MCM, Moncler,
Montblanc, Oscar de la Renta, Roberto Cavalli, and Van Cleef &
Arpels, whose products are distributed in over 120 countries around
the world through an extensive and diverse network of distributors.
Interparfums, Inc. is also the registered owner of several
trademarks including Lanvin and Rochas.
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 Interparfums' annual report on
Form 10-K for the fiscal year ended December 31, 2023, and the
reports Interparfums files from time to time with the Securities
and Exchange Commission. Interparfums does not intend to and
undertakes no duty to update the information contained in this
press release.
Contact
Information: |
|
|
Interparfums, Inc. |
or |
The Equity Group Inc. |
Michel Atwood |
|
Karin Daly |
Chief Financial Officer |
|
Investor Relations
Counsel |
(212) 983-2640 |
|
(212) 836-9623
/ kdaly@equityny.com |
www.interparfumsinc.com |
|
www.theequitygroup.com |
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