By  on November 8, 2012

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.

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