14.01.2008 21:05:00

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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