A licensing agreement with Coty has recently ended, and now Karl Lagerfeld BV is partnering with Inter Parfums. A 20-year exclusive licensing agreement was signed, and the fashion designer's new fragrance line is scheduled to launch in 2014.
“Nothing’s more exciting than a new venture and I am sure that Interparfums SA will go in the best direction and that they have the possibility and the will to do so,” said Karl Lagerfeld.
Jean Madar, Chairman & CEO of Inter Parfums, Inc. added: “Karl Lagerfeld is one of the most talented designers worldwide. We are proud of his confidence in us as a partner to pursue strategic and long term fragrance development for the brand and we will actively devote our know-how and resources in order to contribute to a large international success.”