PARIS — In a joint statement, Coty BV and Karl Lagerfeld BV said they would end their fragrance license, while giving Coty the rights to continue selling its stock of products under the label.
These include Kapsule, a collection of three unisex scents introduced in 2008, and the women’s scent Karleidoscope, which reached the market last year.
Coty Inc. has held the license since 2005, when it acquired Unilever’s global prestige fragrance business, which included the Calvin Klein and Chloé names, along with Lagerfeld.
“The Karl Lagerfeld company has already lined up a new partner and we will announce it shortly,” said Pier Paolo Righi, chief executive officer at Lagerfeld.
Coty markets beauty products in more than 130 countries under brands including Adidas, Davidoff, Chloé, Marc Jacobs, OPI, Playboy, Rimmel and Sally Hansen.