Inter Parfums Inc. has added a latest fragrance license to its stable of brands.
The corporate has acquired the worldwide fragrance license for Roberto Cavalli, effective July 6. Terms of the deal weren't disclosed.
“Fragrance and wonder are a crucial pillar for the Roberto Cavalli brand to succeed in more of our customers throughout the Roberto Cavalli universe, and we will’t consider a greater partner,” said Sergio Azzolari, Cavalli’s chief executive officer, in a press release. “Inter Parfums has a big track record in supporting brands of their upward trajectories, combining global excellence and capabilities with a robust understanding of the Italian luxury business.”
The license was previously held by Coty Inc. Industry sources estimate the business is around $40 million globally. Jean...
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