Inter Parfums Inc. said late Thursday its talks with Burberry had ended and that the fashion brand would buy back its fragrance license at the end of the year, taking about half of the beauty company’s net sales with it.
Burberry will pay 181 million euros, or $220.8 million at current exchange, exclusive of receivables, inventories and other assets. In a recent research note, Citi said the Burberry fragrance business makes up about 2 percent of Burberry’s revenues and about 50 percent of Inter Parfums’.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"