By  on November 7, 2013

Inter Parfums Inc. saw net income attributable to the company decline more than 21.5 percent in the third quarter — dragged down by Burberry, which is no longer in the company’s fragrance portfolio — but the company is quickly adding brands to replace the fashion house.

In fact, last month the company’s U.S.-based operations signed a multiyear global licensing pact with Oscar de la Renta. The deal is expected to close next month.

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