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PR Newswire/Les Echos/Coach and Interparfums(SA) sign global license agreement for Coach fragranceCoach, Inc., a leading New York design house of modern luxury accessories andlifestyle collections, and Interparfums(SA), the creator of prestige perfumesand cosmetics, today announced that they have entered into an 11-year exclusiveworldwide fragrance license agreement.Under the agreement, Interparfums will create, produce and distribute newperfumes and fragrance-related products, including new men's and women's scents.Interparfums will distribute these fragrances globally to department andspecialty stores and duty free shops, as well as in Coach retail storesbeginning fall 2016.Victor Luis, Chief Executive Officer of Coach, Inc., said, "We've been pleasedwith the performance of our fragrance business since our launch. As our brandtransformation continues to progress, and with Interparfums as our partner, weknow we can leverage this category into a much larger global opportunity. GivenInterparfums's successful track record of cultivating and growing fragrancelines for fashion and luxury goods brands, they were the ideal choice to takeour business to the next level."Philippe Benacin, Chief Executive Officer of Interparfums(SA) stated, "Coach isan iconic brand focused on relevance and innovation. We greatly respect what thecompany has already accomplished in the realm of fragrance, most notably withSignature and Poppy, the brand's well-established top selling scents. We lookforward to developing new fragrances that capture the spirit of the Coach brand,and to taking the portfolio to a larger audience. With our distribution network,we have a great opportunity to build upon the success already seen with Coachfragrance by expanding the distribution globally and by capitalizing on thegrowing recognition of the brand in international markets."The distribution of Coach by Interparfums is expected to begin in the fall of2016. The launch will be supported by an integrated marketing and communicationscampaign, including widespread national print and web, among other mediaNew York & Paris, April 9, 2015About Coach :Coach, established in New York City in 1941, is a leading design house of modernluxury accessories and lifestyle collections with a rich heritage of pairingexceptional leathers and materials with innovative design. Coach is soldworldwide through Coach stores, select department stores and specialty stores,and through Coach's website at www.coach.com. Coach's common stock is traded onthe New York Stock Exchange under the symbol COH and Coach's Hong KongDepositary Receipts are traded on The Stock Exchange of Hong Kong Limited underthe symbol 6388.About Interparfums(SA) :Founded by Philippe Benacin and Jean Madar in 1982, Interparfums(SA) develops,manufactures and distributes prestige perfumes and cosmetics as the exclusiveworldwide licensee for Montblanc, Jimmy Choo, Karl Lagerfeld, Boucheron, VanCleef & Arpels, Repetto, Paul Smith, S.T. Dupont and Balmain. The Company alsoowns Lanvin Perfumes. Its products are sold in over 100 countries worldwide in aselective distribution network. In 2014, Interparfums(SA) posted strong resultswith consolidated sales of nearly EUR300 million, shareholders' equity of EUR368million and net cash of EUR225 million. The Company is listed on Euronext Pariswith a market capitalization around EUR900 million.ContactsCoach, Inc.Analysts & Media:Andrea Shaw ResnickGlobal Head InvestorRelations & CorporateCommunications+1 212 629 2618aresnick@coach.comChristina ColoneDirector, Investor Relations+1 212 629 2618ccolone@coach.comwww.coach.comInterparfums(SA)Philippe BenacinChief Executive Officer+33 1 53 77 00 00pbenacin@interparfums.frMediaCyril Levy-PeyCorporate CommunicationDirector+33 1 53 77 00 00clevypey@interparfums.frwww.interparfums.frInterparfums4 rond-point des Champs-Elysées75008 Paris - France+33 1 53 77 00 99Visit us on interparfums.frISIN : FR0004024222-ITPReuters : IPAR.PABloomberg : ITPIndices : CAC PMECAC Mid & SmallEligible for PEA PMEsavings vehiclesThe content and accuracy of news releases published on this site and/ordistributed by PR Newswire or its partners are the sole responsibility of theoriginating company or organisation. Whilst every effort is made to ensure theaccuracy of our services, such releases are not actively monitored or reviewedby PR Newswire or its partners and under no circumstances shall PR Newswire orits partners be liable for any loss or damage resulting from the use of suchinformation. All information should be checked prior to publication. [ABSTRACT FROM PUBLISHER] |
