After more than three years of working to restore the luster of the Oscar de la Renta fragrance business, the design house has signed a multiyear global licensing pact, as well as the sale of certain assets, in a deal with Inter Parfums USA LLC, a subsidiary of Inter Parfums Inc.
The acquisition is expected to be completed by Dec. 2, when Inter Parfums will take over production and distribution of de la Renta’s fragrances. The agreement covers cosmetics as well as scent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)