14.01.2008 21:05:00
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Inter Parfums, Inc. Names Andy Clarke President of Specialty Retail Division
Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that Andy
Clarke has been named President of Inter Parfums USA LLC –
Specialty Retail Division. This division presently encompasses fragrance
and personal care products produced for Gap, Banana Republic, New York &
Company and the newest addition, Brooks Brothers.
Commenting, Jean Madar, Chairman & CEO of Inter Parfums, Inc., stated, "This
promotion recognizes and rewards Andy’s
accomplishments to date, having launched and grown our specialty retail
initiative. Naming Andy to this newly created position is also
indicative of our commitment to and faith in our specialty retail
business with both existing retail partners and with new ones. Andy has
been responsible for establishing and managing our in-house specialty
retail organization which now numbers 30 employees, for identifying and
securing manufacturing sources, and for leading the effort to create and
produce initial and successive product lines that are relevant for each
brand.”
Mr. Madar continued, "Our specialty retail
business was born in the summer of 2005 with an agreement with Gap Inc.
and has been in the fast lane ever since. By the third quarter of 2006,
the first new products we created for Banana Republic were on sale in
their North American stores. In the second quarter of 2007, beauty,
grooming and fragrance products that we developed were rolled out to Gap
North American stores. We were named New York & Company’s
personal care products partner in the spring of 2007 and before year
end, the first new collection was in their stores. Then, in late in
2007, we teamed with Brooks Brothers with new product launches scheduled
before year-end 2008.”
Mr. Clarke stated, "In each of our multi-year
specialty retail partnerships, we are on the front line of product and
packaging development, creation, production and inventory management. We
work side by side with our retail partners on their advertising,
marketing and promotional programs and events. We are in effect their ‘go-to’
resource for all aspects of their fragrance and personal care business.
We are in preliminary discussions with the management of other specialty
retail organizations, and are hopeful that on the basis of our track
record to date, additional agreements may be signed in the future to
leverage our organization and talent pool by further growing specialty
retail sales.”
Andy Clarke, who joined Inter Parfums in 2001, has spent most of his
career in the fragrance and beauty segment. Before this promotion, Mr.
Clarke was Chief Operating Officer of Inter Parfums USA LLC –
Specialty Retail Division.
Inter Parfums develops, manufactures and distributes prestige perfumes
and cosmetics as the exclusive worldwide licensee for Burberry, Paul
Smith, S.T. Dupont, Christian Lacroix, Quiksilver/Roxy, and Van Cleef &
Arpels. The Company also owns Lanvin Perfumes and Nickel S.A., a men’s
skin care company. It also produces personal care products for specialty
retailers under exclusive agreements with Gap Inc., New York & Company
and Brooks Brothers. In addition, Inter Parfums produces and supplies
mass market fragrances and fragrance related products. The Company’s
products are sold in over 120 countries worldwide.
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
Inter Parfums' annual report on Form 10-K for the fiscal year ended
December 31, 2006, and the reports Inter Parfums files from time to time
with the Securities and Exchange Commission. Inter Parfums does not
intend to and undertakes no duty to update the information contained in
this press release.
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Inter Parfums Inc. | 139,06 | -1,39% |
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