PARIS — Lanvin SA and Inter Parfums SA have inked a worldwide licensing agreement to create, develop and distribute Lanvin fragrances, the companies said Tuesday.
As reported, Lanvin and Inter Parfums had announced earlier this month that a deal was in the works.
The 15-year agreement will take effect July 1 and will include an up-front license fee of $19.4 million at current exchange rates, or 16 million euros. The deal also encompasses Lanvin’s existing inventory, which totals $7.3 million, or 6 million euros, advertising expenditure and royalty payments.
“This agreement will give Lanvin resources to grow in the luxury ready-to-wear market while consolidating the work devoted to turning around fragrances which began two years ago,” said Sing Ming Chu, chairman and chief executive officer of Lanvin SA, in the statement.
“This partnership fits perfectly with our growth strategy of developing and expanding Inter Parfums’ brand portfolio,” said Philippe Benacin, chairman and chief executive officer of Inter Parfums. “A new line should be launched within 18 to 24 months.”
Lanvin announced earlier this year it would exit the fragrance and watch businesses in an effort to reduce losses and focus on its core businesses — high-end rtw for men and women. — Brid Costello
Bendel to Build Scents
NEW YORK — Henri Bendel is feeling fragrant. The retailer, which introduced a collection of candles and home fragrances in October and a fine fragrance line in April, is rolling out several new line extensions for fall 2004.
Additions to the home fragrance line will include five new candles in scents like Birch and Honey. Four new fragrances, such as Wild Fig and Blackberry & Cassis, will be added to the fine fragrance line.
“It’s going back to the legacy of Mr. Bendel,” said Ed Burstell, vice president and general manager of Henri Bendel. “[In the past], he created a range of fragrances — in the Sixties and Seventies they were sold in some of the chicest shops in the world.”
The fine fragrance line features five scents: Rare Mimosa, Orange Flower, Jasmine & Tuberose, Vanilla Flower and Rose Petals. Each of the line’s seven offerings, including an eau de toilette, a body wash, a body cream and a shower gel, is available in each scent. It ranges from $12.50 for the soap to $48 for the edt.The home collection includes 12 candles in fragrances such as Eucalyptus and Pomegranate, soaps in eight scents, among them Garden Mint and Lemon Verbena, and room fragrances in eight scents, including Lily of the Valley and Lavender Leaves. The line ranges from $8 for a silver metal candle lid to $43 for a candle gift set featuring a leather base.
Both the home and fine fragrance lines are available at Henri Bendel in New York, select Bath & Body Works flagship stores, Studio Fred Segal in Santa Monica, Calif., and Visionary Living in London.
While Burstell declined to comment on sales projections, industry sources predict that both the home and fine fragrance lines combined could pull in more than $1 million in first-year sales. — Bryn Kenny
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)