Item 2. Properties
Item 2. Properties
United States Operations
We maintain our corporate
headquarters and United States operations in approximately 32,000 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, as well as a small leased distribution center in Hong Kong through December 2023. In October 2021 we leased office space
in Florence, Italy for a 6-year term with an option for an additional 6 years for Interparfums Italia Srl.
European Operations
Since March 2022, our
European operations have maintained their corporate headquarters at 10 rue de Solférino in the 7th arrondissement of Paris.
This is an office complex combining three buildings connected by two inner courtyards and consists of approximately 40,000 total
sq. ft. United States distribution operations for European operations maintain their headquarters in New York City, with a lease
that expires in May 2029. During 2022, we also purchased several small apartments at 96 rue de l’Université, Paris
adjacent to the main office complex and have started the process of converting them into additional offices. A small office is
located Singapore for Asia-Pacific distribution by European operations.
In addition, European
operations maintain an approximately 37,000 square meters (approximately 398,265 square feet) 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 also has several agreements for warehousing and distribution services which are renewed on an annual basis, as well as a one
with a service provider that expires in 2024. 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.
Item 3. Legal Proceedings
We are not a party
to any material lawsuits.
Item 4. Mine Safety Disclosures
Not applicable.
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PART II
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