8-K
Interparfums Inc (IPAR)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
June 11, 2020
Inter Parfums, Inc.**
(Exact name of Registrant as specified in its charter)
| Delaware | 0-16469 | 13-3275609 |
|---|---|---|
| (State or other jurisdiction of<br><br>incorporation or organization) | Commission File Number | (I.R.S. Employer<br><br>Identification No.) |
551 Fifth Avenue, New York, New York10176
(Address of Principal Executive Offices)
212. 983.2640
(Registrant’s Telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2 below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 280.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 280.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 280.13e-4(c)) |
| --- | --- |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§280.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $.001 par value per share | IPAR | The Nasdaq Stock Market |
Item 8.01 Other Events
Our press release dated June 11, 2020, a copy of which is annexed hereto as Exhibit no. 99.1, is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
.
| 99.1 | Our press release dated June 11, 2020 |
|---|
1
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused and authorized this report to be signed on its behalf by the undersigned.
Dated: June 11, 2020
| Inter Parfums, Inc. | |
|---|---|
| By: | /s/ Russell Greenberg |
| Russell Greenberg, | |
| Executive Vice President | |
| and Chief Financial Officer |
2
Exhibit 99.1
FOR IMMEDIATE RELEASE
New York, New York – June 11, 2020: Interparfums SA, the majority owned Paris-based subsidiary of Inter Parfums, Inc. (NASDAQ GS: IPAR) issued the following news release today**.**
MONCLER AND INTERPARFUMS SIGN A LICENSEAGREEMENT FOR FRAGRANCES
Moncler SpA, the iconic global luxury brand, and Interparfums SA, the creator of prestige perfumes and cosmetics, announce to have signed an exclusive and worldwide license agreement for fragrances which will last till December 31st, 2026, with a potential 5-year extension.
Under such agreement, Interparfums SA will create and produce perfumes and fragrance-related products and will distribute them in Moncler monobrand stores as well as selected department stores, specialty stores and duty-free shops.
The launch of the first fragrance line is expected within the first quarter of 2022.
Remo Ruffini, Chairman and Chief Executive Officer of Moncler SpA, said: “Interparfums’ renowned expertise and creativity make it the ideal partner to developa fragrance that is perfectly aligned with Moncler’s DNA and unique identity. The launch of Moncler’s first fragranceline is consistent with our selective brand extension strategy further enriching the clients’ experience with the brand.”
Philippe Benacin, Chairman and Chief Executive Officer of Interparfums SA, added: “This is a great achievement for us. Moncler is the only luxury brand associated tomountains, nature and constant search for innovation and evolution. Moncler has always stood for uniqueness, authenticity, qualityand excellence. Its achievements are absolutely distinctive, and we are certain that its uniqueness will be successfully translatedinto a fragrance.”
Milan and Paris, 11 June 2020
About Moncler SpA:
Moncler was founded at Monestier-de-Clermont, Grenoble, France, in 1952 and is currently headquartered in Italy. Over the years the brand has combined style with constant technological research assisted by experts in activities linked to the world of the mountain. The Moncler outerwear collections marry the extreme demands of nature with those of city life. In 2003, Remo Ruffini took over the company, of which he is currently Chairman and CEO. Moncler manufactures and directly distributes the clothing and accessories collections under the brand Moncler through its boutiques and in exclusive international department stores and multi-brand locations.
About Interparfums SA:
Founded by Philippe Benacin and Jean Madar in 1982, Interparfums develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Montblanc, Paul Smith, Repetto, S.T. Dupont and Van Cleef & Arpels. The company is also the owner of Lanvin fragrances and the Maison Rochas. With products sold in over 100 countries worldwide through a selective distribution network, in 2019 Interparfums had consolidated sales of €484 million accompanied by an operating margin of 15% and €200 million in net cash. The Company is listed on Euronext Paris with a market capitalization of €1.5 billion.
| Contact Moncler SpA:<br><br> <br>Moncler Ufficio Stampa<br><br> <br>Tel. +39 02 42203528<br><br> <br>monclerpress@moncler.com<br><br> <br>www.moncler.com | Contact Interparfums SA:<br><br> <br>Philippe Benacin Chief Executive Officer<br><br> <br>Tel + 33 1 53 77 00 00<br><br> <br>pbenacin@interparfums.fr | Cyril Levy-Pey<br><br> <br>Communication Director<br><br> <br>Tel. + 33 1 53 77 00 00<br><br> <br>clevy-pey@interparfums.fr<br><br> <br>www.interparfums.fr |
|---|
Founded in 1982, Inter Parfums, Inc. develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Dunhill, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade New York, MCM, Moncler, Montblanc, Oscar de la Renta, Paul Smith, Repetto, S.T. Dupont and Van Cleef & Arpels. Inter Parfums is also the owner of Lanvin fragrances and the Rochas brand. Through its global distribution network, the Company’s products are sold in over 120 countries.
| Contact at Inter Parfums, Inc. | -or- | Investor Relations Counsel |
|---|---|---|
| Russell Greenberg, Exec. VP & CFO | The Equity Group Inc. | |
| (212) 983-2640 | Fred Buonocore (212) 836-9607/fbuonocore@equityny.com | |
| rgreenberg@interparfumsinc.com | Linda Latman (212) 836-9609/llatman@equityny.com | |
| www.interparfumsinc.com | www.theequitygroup.com |