Inter Parfums Inc. may be bidding adieu to the Burberry license, but it is expecting big things from Karl Lagerfeld.
“Karl Lagerfeld is a fabulous addition to our luxury portfolio,” Jean Madar, Inter Parfums chairman and chief executive officer, told analysts during the company’s third-quarter earnings call on Thursday. “We will give the brand a fresh start.” The company inked a 20-year global licensing agreement with the Karl Lagerfeld brand last month, and said it plans to introduce the first new fragrance in 2014.
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)