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Interparfums, Inc. To Develop Off-White Brand in Fragrance and Beauty Category
IPARInter Parfums(IPAR) GlobeNewswire News Room·2024-12-02 21:05

Core Insights - Interparfums, Inc. has acquired all Off-White brand names and registered trademarks for Class 3 fragrance and cosmetic products, with commercial use set to begin after the existing license expires on December 31, 2025 [1] - The partnership aims to establish a long-term relationship focused on strategies, category launches, and market initiatives [1] Company Overview - Interparfums, Inc. has been operating in the global fragrance business since 1982, producing and distributing a wide array of prestige fragrance products under license agreements [4] - The company manages its operations through two segments: European operations via its 72% owned subsidiary Interparfums SA, and U.S. operations through wholly owned subsidiaries [4] Brand Recognition - Off-White, founded by Virgil Abloh in 2012, is recognized for its high-end streetwear influences and artistic approach to youth luxury [2] - The brand is known for its conceptual and artistic dimension, deconstructionist aesthetic, and dedication to social and cultural causes [3] Strategic Importance - The acquisition of Off-White is seen as a significant opportunity for Interparfums, leveraging the brand's unique positioning and Virgil Abloh's creative legacy to explore new openings in the luxury fragrance sector [4]