on INTER PARFUMS (EPA:ITP)
Coach and Interparfums Extend Fragrance Partnership Until 2031
Coach and Interparfums have announced the extension of their exclusive worldwide license for fragrances under the Coach brand. Initially set to end in 2026, the agreement will now continue until June 30, 2031. This decision follows the substantial growth in sales, which rose from less than €10 million in 2015 to nearly €190 million in 2024, driven by successful product lines such as Coach and Coach Dreams.
Two new flankers for the Coach line are set to launch in 2025, signaling persistent expansion efforts in the global perfume industry. Philippe Benacin, Chairman and CEO of Interparfums, expressed confidence in the brand's growth, highlighting its appeal to both men and women.
This partnership underscores the successful collaboration between the two companies and their commitment to innovation and growth in the fragrance sector.
R. E.
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