ABERCROMBIE & FITCH AND HOLLISTER SIGN AN EXCLUSIVE LICENSE AGREEMENT WITH INTER PARFUMS
December 16 2014 - 8:45AM
New Albany, OH - December 16,
2014: Abercrombie & Fitch (NYSE: ANF) and Inter Parfums (NASDAQ
GS: 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."
About Abercrombie
& Fitch:
Abercrombie & Fitch Co. is a leading global specialty retailer
of high-quality, casual apparel for Men, Women and kids with an
active, youthful lifestyle under its Abercrombie & Fitch,
abercrombie, Hollister Co. and Gilly Hicks brands. At the end of
the third quarter, the Company operated 834 stores in the United
States and 166 stores across Canada, Europe, Asia, Australia and
the Middle East. The Company also operates e-commerce websites at
www.abercrombie.com, www.abercrombiekids.com, www.hollisterco.com
and www.gillyhicks.com.
About Inter
Parfums:
In the more than 30 years since its founding, Inter Parfums, Inc.
has been selected as the fragrance and beauty partner for a growing
list of brands that include Lanvin, Montblanc, Jimmy Choo,
Boucheron, Van Cleef & Arpels, Karl Lagerfeld, Paul Smith, S.T.
Dupont, Balmain, Repetto, Agent Provocateur, Alfred Dunhill, Anna
Sui, Shanghai Tang, Oscar de la Renta, Gap, Banana Republic, and
bebe. Inter Parfums is known for innovation, quality and its
ability to capture the genetic code of each brand in the products
it develops, manufactures and distributes in over 100 countries
worldwide.
Abercrombie & Fitch
Contact:
Public Relations
+1 614 283 6192
public_relations@abercrombie.com
Inter Parfums, Inc.
Contact:
Russell Greenberg, Exec. VP & CEO
+1 212 983 2640/rgreenberg@interparfumsinc.com
-OR-
Investor Relations Counsel:
The Equity Group Inc.
Fred Buonocore +1 212 836 9607/fbuonocore@equityny.com
Linda Latman +1 212 836 9609/latman@equityny.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Abercrombie & Fitch Co via Globenewswire
HUG#1880445
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