09.09.19
Inter Parfums, Inc. and Oscar de la Renta LLC are staying together. The two firms today entered into an amended license agreement extending their partnership through Dec.31, 2031, with an additional five-year extension option through December 31, 2036. The original license agreement, signed in 2013, would have expired on December 31, 2025.
“It is with great excitement that we announce the extension of our amended agreement with Oscar de la Renta, which carries our license beyond the next decade,” said Jean Madar, chairman and CEO of Inter Parfums. “Since we took over distribution of its fragrance portfolio, we have launched several new fragrance families, including our newest, the Bella collection, and Oscar de la Renta has become one of most important brands within our US operations.”
“We are extremely pleased to extend our already successful partnership with Inter Parfums. While working closely with Inter Parfums creative, commercial and marketing teams, we have achieved significant sales growth over the last 6 years, bolstering the Oscar de la Renta fragrance franchise globally. We look forward to continued success for many years to come," said Alex Bolen, CEO of Oscar de la Renta, LLC.
Oscar de la Renta, a New York-based luxury goods company, was established in 1965, and encompasses a full line of women’s accessories, bridal, childrenswear, fragrance, beauty and home goods, in addition to its signature women’s ready to wear collection.
According to Madar, Inter Parfums’ strong sales growth has further validated our proven strategy of committing resources and knowledge to long-term partnerships with iconic pillars of fashion, such as Oscar de la Renta, to develop prestige fragrances that capture the essence of each brand. We look forward to many more years of success in working with Oscar de la Renta.”
“It is with great excitement that we announce the extension of our amended agreement with Oscar de la Renta, which carries our license beyond the next decade,” said Jean Madar, chairman and CEO of Inter Parfums. “Since we took over distribution of its fragrance portfolio, we have launched several new fragrance families, including our newest, the Bella collection, and Oscar de la Renta has become one of most important brands within our US operations.”
“We are extremely pleased to extend our already successful partnership with Inter Parfums. While working closely with Inter Parfums creative, commercial and marketing teams, we have achieved significant sales growth over the last 6 years, bolstering the Oscar de la Renta fragrance franchise globally. We look forward to continued success for many years to come," said Alex Bolen, CEO of Oscar de la Renta, LLC.
Oscar de la Renta, a New York-based luxury goods company, was established in 1965, and encompasses a full line of women’s accessories, bridal, childrenswear, fragrance, beauty and home goods, in addition to its signature women’s ready to wear collection.
According to Madar, Inter Parfums’ strong sales growth has further validated our proven strategy of committing resources and knowledge to long-term partnerships with iconic pillars of fashion, such as Oscar de la Renta, to develop prestige fragrances that capture the essence of each brand. We look forward to many more years of success in working with Oscar de la Renta.”