By  on December 20, 2011

PARIS — Burberry Group and Inter Parfums SA are in talks about establishing a new operating structure for the Burberry fragrance and beauty business.

“As there can be no assurance that an agreement will be reached, Burberry has exercised its right to evaluate the purchase price for the unexpired term for the existing license,” Inter Parfums SA stated. “In this process, Burberry has until July 31, 2012, to determine whether it wishes to buy out the unexpired portion of the license or continue the existing license, which runs through Dec. 31, 2017.”

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