Interparfums, Inc. Announces Exclusive Worldwide License Agreement with David Beckham

Core Viewpoint - Interparfums, Inc. has entered into a 20-year exclusive worldwide license agreement with David Beckham for the creation, development, production, and distribution of fragrances under the David Beckham brand [1]. Group 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 various brand licenses [5]. - The company manages its operations through two segments: European operations via a 72% owned subsidiary, Interparfums SA, and U.S. operations through wholly owned subsidiaries in the U.S. and Italy [5]. - Interparfums' portfolio includes brands such as Abercrombie & Fitch, Coach, and Jimmy Choo, with products distributed in over 120 countries [6]. Group 2: Partnership Details - The agreement with David Beckham aims to enhance the global presence of Beckham's existing fragrance lines and introduce a new signature fragrance by the end of 2029 [4]. - Initial estimates suggest that total annual sales under Interparfums' management will exceed $50 million in the early years of the partnership [4]. - The partnership is expected to blend Beckham's entrepreneurial influence with Interparfums' fragrance expertise to create distinctive and timeless products [3][4]. Group 3: Authentic Brands Group - The agreement strengthens Interparfums' relationship with Authentic Brands Group, which co-owns and manages the David Beckham brand [3]. - Authentic Brands Group is a leading platform in sports, media, entertainment, and lifestyle, driving over $38 billion in annual systemwide retail sales worldwide [13]. - The partnership is seen as a strategic move to leverage Interparfums' operational excellence and creativity in the fragrance industry [4].