Interparfums SA partners with Longchamp for exclusive fragrance license until 2036, launching first products in 2027.
Quiver AI Summary
Interparfums, Inc. announced that its subsidiary, Interparfums SA, has entered into an exclusive fragrance license agreement with Longchamp, which will last until December 31, 2036. Under this agreement, Interparfums SA will handle the creation, development, production, and distribution of fragrances in Longchamp's retail outlets and selective distribution channels. The first fragrance launch is expected in 2027. Longchamp's CEO, Jean Cassegrain, expressed enthusiasm for the partnership, aiming to align the fragrance offerings with the brand's values of authenticity and creativity. Interparfums’ CEO, Philippe Benacin, highlighted the potential for this collaboration to enhance their fragrance portfolio and strengthen their market position. Longchamp has a long-standing reputation for quality and innovation since its founding in 1948 and now operates over 400 stores globally.
Potential Positives
- Interparfums SA has secured a long-term exclusive fragrance license agreement with Longchamp, enhancing its brand portfolio and market presence.
- The partnership allows Interparfums to leverage Longchamp's established brand recognition, potentially leading to increased sales and customer reach in new fragrance lines.
- The first fragrance launch is anticipated in 2027, indicating a strategic timeline for product development and market introduction.
- This agreement aligns with Interparfums' strategy to collaborate with reputable brands, which may strengthen its position in key markets and attract new customers.
Potential Negatives
- The press release includes forward-looking statements, indicating uncertainty regarding the company’s future performance and the potential for their plans to not materialize as expected.
- Potential risks and uncertainties mentioned in the release could negatively impact investor confidence, particularly if the anticipated launch in 2027 does not succeed as planned.
- Longchamp's established name and reputation could overshadow Interparfums' contribution, leading to concerns about the effective integration and marketing of the new fragrance lines.
FAQ
What is the new partnership between Interparfums and Longchamp?
Interparfums SA has signed an exclusive fragrance license agreement with Longchamp lasting until December 31, 2036.
When will the first Longchamp fragrance launch?
The first fragrance launch under this partnership is expected to occur in 2027.
What will Interparfums be responsible for in this agreement?
Interparfums will handle the creation, development, production, and distribution of Longchamp fragrance lines.
Why is this partnership significant for Interparfums?
This collaboration enhances Interparfums' fragrance portfolio and reinforces its position in key markets.
Who is the CEO of Longchamp?
The CEO of Longchamp is Jean Cassegrain, who expressed enthusiasm for this new collaboration.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IPAR Insider Trading Activity
$IPAR insiders have traded $IPAR stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $IPAR stock by insiders over the last 6 months:
- PHILIPPE BENACIN (President Interparfums SA) sold 25,000 shares for an estimated $2,934,602
- JEAN MADAR (CEO) sold 13,000 shares for an estimated $1,679,204
- PHILIPPE SANTI (Exec VP Interparfums SA) has made 0 purchases and 3 sales selling 2,000 shares for an estimated $278,509.
- VERONIQUE GABAI-PINSKY sold 1,500 shares for an estimated $183,222
- GILBERT HARRISON sold 400 shares for an estimated $53,584
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$IPAR Hedge Fund Activity
We have seen 144 institutional investors add shares of $IPAR stock to their portfolio, and 133 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FIRST TRUST ADVISORS LP added 554,554 shares (+7724.7%) to their portfolio in Q1 2025, for an estimated $63,147,063
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 500,378 shares (+251.4%) to their portfolio in Q1 2025, for an estimated $56,978,042
- AMERICAN CENTURY COMPANIES INC removed 381,165 shares (-84.0%) from their portfolio in Q1 2025, for an estimated $43,403,258
- VICTORY CAPITAL MANAGEMENT INC added 151,358 shares (+26.9%) to their portfolio in Q1 2025, for an estimated $17,235,135
- ANNEX ADVISORY SERVICES, LLC removed 150,567 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $19,770,952
- WEISS ASSET MANAGEMENT LP removed 143,238 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $16,310,511
- ROYCE & ASSOCIATES LP removed 128,624 shares (-23.9%) from their portfolio in Q1 2025, for an estimated $14,646,414
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$IPAR Analyst Ratings
Wall Street analysts have issued reports on $IPAR in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- BWS Financial issued a "Buy" rating on 05/07/2025
- Piper Sandler issued a "Overweight" rating on 04/24/2025
- DA Davidson issued a "Buy" rating on 03/25/2025
- Canaccord Genuity issued a "Buy" rating on 02/27/2025
To track analyst ratings and price targets for $IPAR, check out Quiver Quantitative's $IPAR forecast page.
$IPAR Price Targets
Multiple analysts have issued price targets for $IPAR recently. We have seen 4 analysts offer price targets for $IPAR in the last 6 months, with a median target of $169.0.
Here are some recent targets:
- Hamed Khorsand from BWS Financial set a target price of $172.0 on 05/07/2025
- Korinne Wolfmeyer from Piper Sandler set a target price of $138.0 on 04/24/2025
- Linda Bolton Weiser from DA Davidson set a target price of $170.0 on 03/25/2025
- Susan Anderson from Canaccord Genuity set a target price of $168.0 on 02/27/2025
Full Release
NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) today announced that its subsidiary, Interparfums SA, has signed an exclusive fragrance license agreement with Longchamp, a Parisian Maison founded in 1948, through December 31, 2036.
Interparfums SA will be responsible for the creation, development, production and distribution of fragrance lines in Longchamp-brand points of sale and selective distribution channels such as department stores, perfumeries and duty-free shops. The first launch is expected in 2027.
Jean Cassegrain, Chairman & Chief Executive Officer of Longchamp, commented, “I look forward to working with Philippe Benacin and his teams to write this new chapter in the history of our Maison. We will cooperate in a spirit of enthusiasm to forge a new expression of our brand values: authenticity, energy and creative curiosity.”
Philippe Benacin, Chairman & Chief Executive Officer of Interparfums SA added, “I welcome this partnership with Longchamp, a symbol of French excellence. The Maison’s name recognition, the imaginative codes that define its leather goods, and more recently its fashion creations, are valuable assets for the successful development of fragrance lines. We are very optimistic in the future of this exciting adventure.”
Jean Madar, Chairman & Chief Executive Officer of Interparfums, Inc. noted, “This license agreement reflects our ongoing strategy to partner with highly relevant and trusted brands that share our commitment to quality and innovation. We believe this collaboration will further enhance our fragrance portfolio and expand our product offering, reinforcing our position in key markets and creating meaningful value for both partners.”
About Longchamp:
Authenticity, sincerity, energy, and optimism are the values that remain at the heart of Longchamp. Since 1948, Longchamp, the leather-sheathed pipe manufacturer, has expanded its offering to include travel accessories, handbags, ready to wear, eyewear and shoes to deliver a global lifestyle to its customers. Today, Creative Director, Sophie Delafontaine perpetuates this heritage and develops her vision of the authentic Parisian woman. Her style is fluid, natural, with “joie de vivre” for a contemporary and cosmopolitan customer. Longchamp reinvents French elegance with a twist. Convinced that sustainability is an important component of manufacturing excellence, Longchamp’s teams have always brought respect and attention to their products. “We produce, we care, we repair”. Preserving its independent family origins, Longchamp has been owned and managed by the Cassegrain family for four generations. Today, the brand has more than 400 stores in 80 countries.
Longchamp Contacts:
Jean Cassegrain
Chief Executive Officer
Stéphane Duret
Communication Director
[email protected]
+33 (0)1 43 16 00 00
www.longchamp.com
About Interparfums, Inc.:
Operating in the global fragrance business since 1982, Interparfums, Inc. produces and distributes a wide array of prestige fragrance and fragrance related products under license agreements with brand owners. Interparfums, Inc. manages its business in two operating segments, European based operations, through its 72% owned subsidiary, Interparfums SA, and United States based operations, through wholly owned subsidiaries in the United States and Italy.
The portfolio of prestige brands includes Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Donna Karan/DKNY, Emanuel Ungaro, Ferragamo, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, MCM, Moncler, Montblanc, Oscar de la Renta, Roberto Cavalli, and Van Cleef & Arpels, whose products are distributed in over 120 countries around the world through an extensive and diverse network of distributors. Interparfums, Inc. is also the registered owner of several trademarks including Lanvin, Rochas, and Solferino.
Forward-Looking Statements:
Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions, and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions, or expectations will be achieved. In some cases, you can identify forward-looking statements by forward-looking words such as "anticipate, "believe", "could", "estimate", "expect", "intend", "may", "should", "will", and "would" or similar words. You should not rely on forward-looking statements, because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings “Forward Looking Statements” and "Risk Factors" in Interparfums, Inc.'s annual report on Form 10-K for the fiscal year ended December 31, 2024, and the reports Interparfums, Inc. files from time to time with the Securities and Exchange Commission. Interparfums, Inc. does not intend to and undertakes no duty to update the information contained in this press release.
Contact Information:
Interparfums, Inc. | or | The Equity Group Inc. |
Michel Atwood | Karin Daly | |
Chief Financial Officer | Investor Relations Counsel | |
(212) 983-2640 | (212) 836-9623 / [email protected] | |
www.interparfumsinc.com | www.theequitygroup.com |