Interparfums

Interparfums

Interparfums headquarters in Paris, France
Company type	Societas Europaea
Traded as	Euronext: ITP
Industry	perfums
Founded	1982 (1982)
Founder	Philippe Bénacin Jean Madar
Headquarters	Paris , France
Area served	Worldwide
Key people	Philippe Bénacin (CEO) Jean Madar, MD
Products	perfumes
Website	interparfums.fr

Interparfums is a French company listed on Euronext Paris that manufactures and distributes prestigious perfumes.

History

The company was founded in 1982 by Philippe Bénacin and Jean Madar. It initially developed in the mass perfume market, designing and distributing affordable eau de toilettes, before shifting its focus to niche perfumery in the early 1990s.

In 1993, the signing of a perfume licensing agreement with the English brand Burberry was the first step in this strategy aimed at building a portfolio of international brands such as Karl Lagerfeld, prêt-à-porter brands (Lanvin), fine jewelry (Van Cleef & Arpels, Boucheron), and accessories (ST Dupont, Montblanc, Jimmy Choo, Repetto for Fall 2013), always in the world of perfumes and cosmetics.

Since April 2013, following discussions between the British company and Interparfums, the Burberry brand, which represented half of Interparfums' revenue, has been transferred to BPI (Beauté Prestige International), a subsidiary of Shiseido.

In March 2015, Interparfums acquired Rochas, a subsidiary of Procter & Gamble specializing in perfumes and fashion, for $108 million.

In April 2015, Interparfums signed a licensing agreement with the Coach brand.

In 2016, following the acquisition of Balmain by the investment company Mayhoola, Interparfums decided to terminate the licensing agreement.

On June 7, 2019, Kate Spade New York and Interparfums announced that they had signed an exclusive worldwide licensing agreement for Kate Spade perfumes for a period of 11 years.

On June 11, 2020, the Moncler brand and Interparfums announced the signing of a perfume licensing agreement, valid until December 31, 2026, with a possible five-year extension.

On July 1, 2020, Interparfums acquired 25% of the "origines-parfums.fr" website, which will become MyOrigines to accelerate its international development.

In January 2021, the Interparfums group, previously located at 4 Rond-point des Champs-Élysées-Marcel-Dassault in the 8th arrondissement of Paris, purchased the building at 10 rue de Solférino (Paris), the former historic headquarters of the Socialist Party in the 7th arrondissement of Paris, from APSYS and established its headquarters there.

For 2021 as a whole, Interparfums reported a net profit 40% higher than in 2019, the last year before the pandemic, now at €71.1 million. The following year, the Richemont Group, which licenses several brands to Interparfums, announced its intention to take over the beauty business, causing the manufacturer's share price to plummet.