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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
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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