INTER PARFUMS SIGNS EXCLUSIVE WORLDWIDE LICENSE AGREEMENT WITH VAN CLEEF & ARPELS

 

New York, NY – October 4, 2006 -- Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its Paris-based subsidiary, Inter Parfums SA, and Van Cleef & Arpels have signed a worldwide license agreement under which Inter Parfums SA will manufacture and distribute perfumes and related bath and body products under the Van Cleef & Arpels brand name. The license runs 12-years and each party has the right to extend the term for five years on or before June 1, 2018 if certain sales targets are met.  At the same time, YSL Beauté, the existing Van Cleef & Arpels fragrance licensee, has signed an agreement for early termination of its existing contract under the Van Cleef & Arpels brand, subject to the purchase of inventory by Inter Parfums SA from YSL Beauté. 

To assure the continuity of Van Cleef & Arpels perfumes, Inter Parfums SA and YSL Beauté also signed an agreement to provide for the smooth transition of distribution and maintenance of advertising expenditures. Under the agreed terms, Inter Parfums SA has agreed to use YSL Beauté’s filling facilities for perfumes and related products for two years. 

Stanislas de Quercize, Chairman and Chief Executive Officer of Van Cleef & Arpels, remarked, "30 years ago in 1976, Van Cleef & Arpels was a pioneer among jewellers with its launch of the fragrance, First, which exemplified the tradition of boldness of the jewellery house.  This agreement with Inter Parfums opens the way for new creative and bold successes." 

Chantal Roos, Chairman and Chief Executive Officer of YSL Beauté noted: "This agreement is fully in line with the group's new strategy of focusing efforts and resources on its priority brands that include that of the jeweller Boucheron of the Gucci Group. It will also contribute to optimizing YSL Beauté’s industrial assets."

Jean Madar, Chairman & CEO of Inter Parfums, Inc. added, "This agreement with Van Cleef & Arpels, the prestigious and legendary world-renowned jewellery designer, is an important step in our development.  We believe its growth potential will strengthen opportunities for expansion of our fragrance business in the high luxury segment.  Jacques Arpels, a founder of Van Cleef & Arpels, remarked: ‘The mission of the jewellery house is to offer the very best.’  We will rigorously apply this strategy in our own creative and design processes and choice of materials in a manner that respects the powerful values of luxury, happiness, love and serenity conveyed by the brand." 

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 m ay 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, approval of new products by Van Cleef & Arpels, as well as 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, 2005, 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. 

Inter Parfums develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Burberry, Lanvin, Paul Smith, S.T. Dupont, Christian Lacroix, Diane von Furstenberg and Quiksilver/Roxy and has controlling interest in Nickel S.A., a men’s skin care company.  Its entry into the specialty retail market was accomplished with an exclusive agreement with Gap, Inc., under which it is designing and manufacturing personal care products for Gap’s and Banana Republic’s North American stores.  Inter Parfums is also a producer and supplier of mass market fragrances, cosmetics and personal care products.  The Company’s products are sold in over 120 countries worldwide.

 

Contacts:	INTER PARFUMS, INC. Jean Madar, Chairman & CEO Russell Greenberg, Exec. VP & CFO (212) 983-2640 rgreenberg@interparfumsinc.com www.interparfumsinc.com	or	Investor Relations Counsel The Equity Group Inc. Linda Latman  (212)836-9609 llatman@equityny.com Lena Cati  (212) 836-9611/lcati@equityny.com www.theequitygroup.com
	VAN CLEEF & ARPELS Stanislas de Quercize, Chairman + 33 1 53 45 45 46 www.vancleef-arpels.com		YSL BEAUTE François-Xavier Schultz, Director of Communications + 33 1 41 43 35 76 www.vca-parfums.com