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’.
Madonna turns 59 today, marking another year of show-stopping, one-of-a-kind bold looks from the singer. To celebrate, we took a look at the superstar's most memorable fashion moments. Here, Madonna sits front row at Versace's spring runway show in 1995. See more exclusive photos from the #wwdarchive on WWD.com. #wwdeye (📷: Cédric Dordevic)
WWD asked a handful of creative directors to evaluate the September covers of leading women's fashion magazines. How do they think the covers this year compare with years gone by, and what do they say about the current status of the publication? Link in bio. (GIF by @hypebreast)
"Stephen King is such a master, but I don't like being scared - there's enough that's really scary. How about the morning's news?" says Holland Taylor in an interview with WWD. See what else the actress said about starring in the TV adaptation of King's thriller "Mr. Mercedes" on WWD.com. #wwdeye (📷: @jgreenery)