10.25.12
Famed fashion designer Karl Lagerfeld has been inked to a fragrance deal with Inter Parfums SA, following the mutual termination of Lagerfeld's contract with Coty Inc.
"Nothing’s more exciting than a new venture and I am sure that InterparfumsSA will go in the best direction and that they have the possibility and the will to do so,” said Lagerfeld in a statement.
Inter Parfums signed a 20-year contract with Karl Lagerfeld B.V., and expects to introduce its first fragrance in late 2014.
"We are extremely excited to enter into a long term partnership with InterparfumsSA who fully shares our vision for the strategic development of the Karl Lagerfeld brand and who brings great experience in successfully building luxury fragrance businesses with a long term view,” said Pier Paolo Righi, president and CEO of Karl Lagerfeld.
Jean Madar, Chairman & CEO of Inter Parfums, Inc. added: “Karl Lagerfeld is one of the most talented designers worldwide. We are proud of his confidence in us as a partner to pursue strategic and long term fragrance development for the brand and we will actively devote our know-how and resources in order to contribute to a large international success.”
"Nothing’s more exciting than a new venture and I am sure that InterparfumsSA will go in the best direction and that they have the possibility and the will to do so,” said Lagerfeld in a statement.
Inter Parfums signed a 20-year contract with Karl Lagerfeld B.V., and expects to introduce its first fragrance in late 2014.
"We are extremely excited to enter into a long term partnership with InterparfumsSA who fully shares our vision for the strategic development of the Karl Lagerfeld brand and who brings great experience in successfully building luxury fragrance businesses with a long term view,” said Pier Paolo Righi, president and CEO of Karl Lagerfeld.
Jean Madar, Chairman & CEO of Inter Parfums, Inc. added: “Karl Lagerfeld is one of the most talented designers worldwide. We are proud of his confidence in us as a partner to pursue strategic and long term fragrance development for the brand and we will actively devote our know-how and resources in order to contribute to a large international success.”