Boucheron, Inter Parfums Sign License Agreement

Inter Parfums announced Dec. 21 that its 74 percent–owned Paris-based
subsidiary, Inter Parfums SA, has signed a 15-year exclusive worldwide license
agreement with Boucheron to create, produce, and distribute perfumes and
ancillary products under the Boucheron brand.
 
The agreement begins on Jan. 1 and replaces a previous license with L’Oréal
that was terminated by mutual consent.
 
The transfer of inventory will take place in early 2011 and the development of
a new fragrance is planned for 2012. Plans call for Interparfums Luxury Brands,
a recently formed U.S. subsidiary of InterParfums SA, to handle
distribution in the United States. Inter Parfums also manufactures and distributes fragrances and cosmetics for such luxury brands as Van Cleef & Arpels, Burberry, and Jimmy Choo.