Inter Parfums, Inc. announced that its 72% owned subsidiary, Inter Parfums SA, acquired the worldwide rights to the Lanvin brand names and international trademarks from Lanvin. The trademark goods and services include soaps, perfumery, essential oils, cosmetics and hair lotions.

The purchase price, approximately $29.7 million, was paid in cash at closing and as a result, Inter Parfums and Lanvin have terminated their existing licensing contract signed in June 2004. Under the terms of the agreement, Inter Parfums will also pay Lan-vin a sales-based fee for technical and creative assistance in new product development to be rendered by Lanvin in connection with the use of the Lan-vin trademark through June, 2019. Additionally, Lanvin has the right to repurchase the brands and trademarks in 2025.