MCM signs long-term fragrance deal with Interparfums
German luxury fashion brand MCM and international fragrance company Inter Parfums, Inc. (Interparfums) have signed a ten-year global perfume licensing deal.
The new agreement will see Interparfums create, develop and distribute fragrances under the MCM brand until at least 2030 and has a four-year automatic renewal option, which would extend the license until the end of 2034.
According to Interparfums CEO Jean Madar, the company will produce both men’s and women’s fragrances for MCM.
The partnership’s first launch is expected to go on sale in the first quarter of 2021, with Interparfums currently planning to distribute the fragrances in MCM stores, high-end department stores and prestige beauty retailers. The geographical focus of this first launch will be on Asia, the Americas and Europe.
MCM fragrances will be positioned in the prestige fine fragrance segment and will aim to channel the Munich-based brand’s unique aesthetic by bringing together luxury and expressive originality.
“Fragrance has been a cornerstone of our archive portfolio, and is a powerful tool to building connections with the brand by stimulating the five senses and beyond,” said Sung-Joo Kim, founder chairperson and chief visionary officer of the Sungjoo Group and MCM Holdings, in a release.
“We are very proud to announce our partnership with Inter Parfums, a world renowned pioneer in perfumery, and believe that this category extension will build our culture of innovation and lifestyle of expression comprehensively.”
Other brands in Interparfums’ fragrance portfolio include Montblanc, Coach, Guess and Kate Spade, with whom the company signed an 11-year licensing agreement in June of this year.
For the third quarter ended September 30, 2019, the fragrance group reported net income of $20.8 million on net sales of $191.2 million.
Founded in 1976, MCM is currently sold in some 650 stores in 40 countries around the world, including Germany, the UK, France, the U.S., Japan and China.
Copyright © 2022 FashionNetwork.com All rights reserved.