Inter Parfums Inks Kate Spade License
Interparfums SA has signed an 11-year fragrance licensing agreement with Kate Spade New York.
Under the terms of the deal, Interparfums will create, produce and distribute new perfumes and other fragrance products to department, specialty stores and duty-free shops. The fragrances will also be sold in Kate Spade stores in fall 2020.
"The Kate Spade brand's youthful, colorful spirit and touch of humor give it a unique and entirely new position within our portfolio, which will allow us to develop very creative projects closely aligned with the image conveyed by Nicola Glass, its creative director," Jean Madar, chief executive officer of Interparfums U.S.-based parent company Inter Parfums Inc., said in a statement. "With strong positions in the United States and South America as well as a presence in Asia, we are convinced in its potential as an international brand."
Last year under The Premiere Group, Kate Spade's former fragrance distributor, the brand launched In Full Bloom, a floral scent.
Inter Parfums has seen strong success by building out the fragrance lines of Coach, a project it embarked on in 2016. Last year, the Coach brand did nearly $100 million in fragrance sales.
The business also has fragrance licenses for Jimmy Choo, Guess, Anna Sui, Montblanc and other brands.
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