What changed in this filing

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Item 2. Properties

2021-03-01 compared with 2020-03-02 · 28 added, 23 removed, 5 unchanged (91% of the section changed)

States Operations

We maintain our corporate headquarters and United States operations

in approximately 24,900 square feet with a term that expires on December 31, 2029, and have been at the same location in New York

City since 1992.

We also have a 140,000 square foot distribution center in New Jersey, and this lease expires on October 31, 2025.

In addition, we maintain office space in Hong Kong with a lease that expires in June 2020.

In August 2019 we opened a small distribution

center in Shanghai, China that expires in July 2020.

European operations maintain their corporate headquarters on the Champs Elysees in Paris France, with leases for various units

that expire from March 2022 to September 2026, and a studio and operations departments at a second location in Paris with a lease

maintain our corporate headquarters and United States operations in approximately 24,900 square feet with a term that expires

on December 31, 2029, and have been at the same location in New York City since 1992.

We also have a 140,000 square foot distribution

center in New Jersey, and this lease expires on October 31, 2025.

In addition, we maintain office space in Hong Kong with a lease

that expires in June 2023.

United States distribution operations for European operations maintain their headquarters in New York

City, with a lease that expires in May 2029.

A small office is located Singapore for Asia-Pacific distribution by European operations.

approximately 333,700 square foot distribution center for European operations is located in Criquebeuf sur Seine, France, with

a seven year term that expires May 2027 and an option to extend the term for an additional two years.

Interparfums SA has had an agreement with Bolloré

(and its predecessor, Sagatrans, S.A.) for warehousing and distribution services for several years.

The current agreement with

Logistics for warehousing and distribution services expires on December 31, 2020.

Service fees payable to Bolloré

Logistics are calculated based upon a percentage of sales, which is customary in the industry.

Service fees actually paid were

€4.9 million, €5.2 million and €4.2 million in 2019, 2018 and 2017, respectively.

believe our office and warehouse facilities are satisfactory for our present needs and those for the foreseeable future.

In August 2019 we opened a small distribution center in Shanghai, China that expires in July 2022.

European operations maintain their corporate headquarters on the Champs Elysees in Paris France, with leases for various units

that expire from March 2022 to September 2026.

United States distribution operations for European operations maintain their headquarters

in New York City, with a lease that expires in May 2029.

A small office is located Singapore for Asia-Pacific distribution by

European operations.

January 2021, Interparfums SA signed a purchase contract, subject to certain conditions, to acquire an office building complex

for its exclusive use as its future headquarters, located in the heart of Paris.

This transaction is expected to be completed

in the spring of this year with the move planned for the end of 2021 or the beginning of 2022.

Our European operations also maintains

a studio and operations departments at a second location in Paris with a lease that expires in May 2024.

We are presently negotiating

a potential early termination in view of the agreement for the new Paris headquarters.

operations maintain an approximately 333,700 square foot distribution center located in Criquebeuf sur Seine, France, with a seven

year term that expires May 2027 and an option to extend the term for an additional two years.

Interparfums SA has several agreements

for warehousing and distribution services which are renewed on an annual basis.

Fees payable are partially calculated based upon

a percentage of sales, which is customary in the industry.

We believe our office and warehouse facilities

are satisfactory for our present needs and those for the foreseeable future.

Legal Proceedings

2 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties