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UPDATE: A&F, Hollister Report Signing of Exclusive License Deal with Inter Parfums


Abercrombie & Fitch (NYSE: ANF) and Inter
Parfums (NASDAQ: IPAR) announced today that they have entered into a
seven-year exclusive worldwide fragrance license agreement. Under the
agreement, Inter Parfums will create, produce and distribute new perfumes and
fragrance-related products, including new men's and women's scents planned for
both Abercrombie & Fitch and Hollister for 2016. Inter Parfums will distribute
these fragrances internationally in specialty retailers, high-end department
stores and duty free shops, and in the U.S., in duty free shops and
potentially in Abercrombie and Hollister retail stores. Financo, LLC
represented Inter Parfums in this transaction.

Jean Madar, Chairman and CEO of Inter Parfums, Inc. stated, "We greatly
respect what the Abercrombie & Fitch organization has thus far accomplished in
the realm of fragrance, most notably with Fierce®, the brand's
well-established top selling scent. We look forward to developing new scents
that capture the essence and energy of both the Abercrombie and Hollister
brands, and to taking the portfolio to a larger global audience. With our
global distribution network, we plan to build this fragrance enterprise by
capitalizing on the popularity of the brands in international markets."

Jonathan Ramsden, Chief Operating Officer of Abercrombie & Fitch said, "We
already have a successful fragrance business and believe that, with Inter
Parfums as our partner, we can leverage this into a much larger global
opportunity. We chose to partner with Inter Parfums because of its successful
track record of cultivating and growing fragrance lines for fashion and luxury
goods brands. We are confident that Inter Parfums will convey our brand
message through scent and, with its global distribution network, make
fragrance an even more meaningful contributor to our business."

Posted-In: News Press Releases


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