UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 7.01. Regulation FD Disclosure.
Our press release dated December 21, 2022 relating to the signing of the Lacoste fragrance license by our majority owned Paris-based subsidiary, Interparfums SA, a copy of which is annexed hereto as Exhibit no. 99.1, is incorporated by reference herein, and is filed pursuant to this Item 7.01 and Regulation FD.
Item 8.01. Other Events.
Lacoste, the iconic fashion sport brand, and Interparfums SA, our majority owned Paris-based subsidiary and creator of prestige fragrances and cosmetics, announced the signing of a worldwide exclusive 15-year fragrance license agreement effective January 1, 2024. The rights of Interparfums SA under such license agreement are subject to certain minimum advertising expenditures and royalty payments as are customary in our industry. In addition, Interparfums SA has agreed to pay the Lacoste brand owners a “Compensation Entrance Fee” totaling €90 million (approximately $95 million), payable €50 million now, and €40 million by December 15, 2023. Interparfums SA has also agreed to take over the existing lines on the effective date and to purchase the balance of the fragrance inventory from the former licensee on or before December 31, 2023 to facilitate a smooth transition.
Item 9.01 Financial Statements and Exhibits.
| 99.1 | Our press release dated December 21, 2022 |
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: December 21, 2022
| Inter Parfums, Inc. | ||
| By: | /s/ Michel Atwood | |
| Michel Atwood | ||
| Chief Financial Officer | ||