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Interparfums — M&A Activity 2017
Dec 4, 2017
1445_iss_2017-12-04_8197bb4d-00c5-466a-bb82-f1eb452ea68c.pdf
M&A Activity
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The Jimmy Choo - Interparfums partnership extended to 2031
London & Paris, December 4, 2017
Jimmy Choo and InterparfumsSA have entered into an amended license agreement extending their partnership through December 31, 2031.
Philippe Benacin, Chief Executive Officer of InterparfumsSA declared: "This new longterm partnership between Jimmy Choo and Interparfums represents an opportunity to develop the beauty business for the Jimmy Choo brand. Growing a beauty business that emulates the Jimmy Choo DNA will require additional investments in product development and will take time. We look forward to collaborating with Jimmy Choo to design perfumes and cosmetics products that resonate with customers globally".
Contacts
Contacts Jimmy Choo
Pierre Denis Chief Executive Officer +44 207 368 5000
Emma Woolley SVP Global Communications +44 207 368 5000
www.jimmychoo.com
Contacts InterparfumsSA
Philippe Benacin Chief Executive Officer +33 1 53 77 00 00 [email protected]
Cyril Levy-Pey Communication Director + 33 1 53 77 00 00 [email protected]
www.interparfums.fr
About Jimmy Choo:
Jimmy Choo encompasses a complete luxury accessories brand. Women's shoes remain the core of the product offer, alongside handbags, small leather goods, scarves, sunglasses, eyewear, belts, fragrance and men's shoes. Chief Executive Officer Pierre Denis and Creative Director Sandra Choi together share a vision to create one of the world's most treasured luxury brands. Jimmy Choo has a global store network encompassing more than 150 stores and is present in the most prestigious department and specialty stores worldwide. Jimmy Choo is part of the Michael Kors Holdings Limited luxury fashion group.
About InterparfumsSA:
Founded by Philippe Benacin and Jean Madar in 1982, InterparfumsSA develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Montblanc, Jimmy Choo, Coach, Boucheron, Van Cleef & Arpels, Karl Lagerfeld, Paul Smith, S.T. Dupont and Repetto. The company also owns the Lanvin and Rochas fragrances brands. With products sold in over 100 countries worldwide through a selective distribution network, InterparfumsSA will have consolidated sales of €400-405 million in 2017, accompanied by a double-digit operating margin and substantial cash resources. The Company is listed on Euronext Paris with a market capitalization of €1.2-1.3 billion.
Interparfums 4 rond-point des Champs Elysées 75008 Paris - France Tel. +33 1 53 77 00 00
Visit us on interparfums.fr
ISIN : FR0004024222-ITP Reuters : IPAR.PA Bloomberg : ITP Indices : CAC Mid & Small / CAC PME EnterNext PEA-PME 150 Eligible for PEA PME savings vehicles