Inter Parfums closes licensing deal for Donna Karan and DKNY fragrance
The company said it has already begun developing product lines, with new fragrances under the Donna Karan and DKNY brands planned for 2023.
Through its global distribution network, the company’s products are sold in over 120 countries.
G-III Apparel Group designs, sources and markets apparel and accessories under owned, licensed and private label brands. The group's portfolio of over 30 licensed and proprietary brands is anchored by global brands including DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger and Karl Lagerfeld.
Jean Madar, Chairman and CEO of Inter Parfums, said: “We are excited to complete this transaction with these established and valuable fragrance brands, Donna Karan and DKNY. As a part of the signed licensed agreement previously announced in October 2021, we have already initiated developing strategic advancements and product lines, with an expectation to launch new fragrances under these brands in 2023.”
Morris Goldfarb, Chairman and CEO of G-III Apparel Group, said: “We are proud of our brands’ best-in-class fragrances that have extended their reach beyond fashion by connecting to a broader range of consumers globally. Inter Parfums’ exceptional capability to develop fragrances and enhance portfolios with their significant worldwide distribution will work hand-in-hand with us to position Donna Karan and DKNY for further global expansion. We’re looking forward to our partnership with Inter Parfums to grow these businesses together.”