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Interparfums to Acquire 25% Stake in Divabox Capital to Enhance Introduction of Fragrance Lines
Monday 06 July 2020

Interparfums SA (ISPA), a subsidiary of Inter Parfums, Inc. (NASDAQ GS: IPAR) has agreed to acquire a 25% stake of beauty products company Divabox's capital to enhance fragrance lines, the company said.

Divabox, owner of the France-based Origines-parfums e-commerce platform for beauty products, was acquired through a reserved capital increase.

For IPSA, this agreement will address a specific consumer demand for this distribution channel and accelerate IPSA's digital development.

For Origines-parfums, the agreement will provide the resources it needs to strengthen its existing organisation and raise its online visibility to support its development in France and in Europe.

Inter Parfums, Inc. develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Abercrombie and Fitch, Anna Sui, Boucheron, Coach, Dunhill, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade New York, MCM, Moncler, Montblanc, Oscar de la Renta, Paul Smith, Repetto, S.T. Dupont and Van Cleef and Arpels.
Date Published: 06/07/2020