IPAR - International Perfumes enters into 10-year exclusive agreement to sell Ungaro

International Perfumes (IPAR +1.7%) announces that it has entered into a 10-year exclusive global licensing agreement with Emanuel Ungaro for the creation, development and distribution of fragrances and fragrance-related products, under the Emanuel Ungaro brand. The agreement includes a 5-year renewal option and goes into effect Jan 1, 2022. "The brand is best known and most prized internationally, and such presence will remain our sales focus as we continue to produce and distribute the brand’s legacy scents, notably Diva," said CEO Jean Madar. ". Come 2023, we plan to unveil a new fragrance incorporating disruptive design, driven by creativity, sustainability and authenticity.” International Perfume shares have stayed relatively steady in the past week despite raising its outlook.

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International Perfumes enters into 10-year exclusive agreement to sell Ungaro