In keeping with Burberry’s plan to buy back its fragrance license from Inter Parfums by the end of the year, the two companies said on Thursday that they have signed a transition agreement.
The agreement between Inter Parfums Inc.’s subsidiary Inter Parfums SA and Burberry includes an additional three-month period ending on March 31 and confirms the exit payment by Dec. 31, 2012. Under the terms of this agreement, Inter Parfums SA will continue operating the business for this brand until March 31, at which time the business will be turned over to Burberry.
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)