Inter Parfums’ wholly owned Spanish subsidiary, Interparfums España, has signed a deal to join forces with Clarins’ Madrid-based subsidiary, Clarins Espagne, Inter Parfums said Wednesday.
This story first appeared in the June 16, 2011 issue of WWD. Subscribe Today.
The five-year, renewable agreement is effective July 1, and follows the agreement that Clarins and Inter Parfums signed last year to join forces in the U.S. The deal will see the two Spanish companies share an expanded sales force in the region, along with sharing administrative services and office facilities.
Inter Parfums’ fragrance and cosmetics licenses include Burberry, Jimmy Choo and Paul Smith, and the company owns Lanvin perfumes and Nickel, a men’s skin care brand. Clarins’ brands include the Clarins skin care label and the Thierry Mugler and Azzaro fragrance brands, alongside licenses and distribution partnerships.
Philippe Benacin, chairman and chief executive officer of Inter Parfums, said, “Our alliance with Clarins in the United States has produced undeniable benefits in terms of both distribution quality and sales volume,” he said. “We are delighted to be able to expand this cooperation to another region that should considerably reinforce the presence of our brands in Spain.”
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Sandrine Groslier Douhet, managing director of Clarins Espagne, added: “We are pleased to have this opportunity to combine our strengths and teams in Spain with those of Inter Parfums.”