Inter Parfums Pens Exclusive Licensing Deal With Roberto Cavalli
Portfolio Pulse from Lekha Gupta
Inter Parfums Inc (NASDAQ:IPAR) has signed an exclusive worldwide fragrance license agreement with the Roberto Cavalli brand. The deal will be effective from July 6, 2023, and will see IPAR's subsidiary manage the Cavalli fragrance business. The company plans to modernize and elevate the fragrance portfolio, with brand extensions planned for 2024 and a new scent for women in 2025. In Q1 2023, IPAR reported revenues of $311.7 million and an EPS of $1.68.
July 10, 2023 | 1:57 pm
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Inter Parfums' new partnership with Roberto Cavalli could potentially boost its revenues and market presence. The company's shares are already trading higher following the announcement.
The exclusive licensing deal with Roberto Cavalli is a significant development for Inter Parfums. It not only expands their product portfolio but also strengthens their global brand presence. This could potentially lead to increased revenues and profitability, which is likely to have a positive impact on the company's stock price.
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