Interparfums SA Renews Van Cleef & Arpels Fragrance License, Stock Rises Steeply

Interparfums SA (ITP) Q2 2024 earnings are in: sales rise 15.6 percent, company renews Van Cleef & Arpels fragrance license for another nine years.

-maker reported earlier in the day that its second-quarter sales gained 15.6 percent year-over-year to 209.9 million euros, bolstered by theDue to this, consolidated company first-half sales reached 422.6 million euros, representing a 6.7 percent rise from the prior-year period.

Interparfums signed a 12-year fragrance license with Van Cleef & Arpels in 2006 that was extended for another six years. The parties have been in renewal talks since 2023, and will renew the deal for another nine years starting Jan. 1.

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