What changed in this filing

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Item 1. Business

2025-03-11 compared with 2024-02-27 · 611 added, 1472 removed, 52 unchanged (98% of the section changed)

in 1982, we operate in the fragrance business, and manufacture, market and distribute a wide array of prestige fragrances, and

fragrance related products.

Our worldwide headquarters and the office of our wholly owned United States subsidiary, Interparfums,

USA LLC, are located at 551 Fifth Avenue, New York, New York 10176, and our telephone number is 212.983.2640.

We also have wholly

owned subsidiaries as follows:

for organization, and France for seat of management

market and distribute a wide array of prestige fragrances, and fragrance related products

Interparfums,

USA Swiss Ltd

Arab Emirates

Middle East DMCC

Kong, special administrative region of the Peoples Republic of China

Parfums USA Hong Kong Limited

consolidated wholly owned subsidiary, Inter Parfums Holdings, S.A., and its majority owned subsidiary, Interparfums SA, maintain

executive offices at 10 rue de Solférino, 75007 Paris, France.

Founded in 1982 , we operate in the fragrance business, and manufacture, market and distribute a wide array of prestige fragrances, and fragrance related products.

Our worldwide headquarters and the office of our wholly owned United States subsidiary, Interparfums, USA LLC, are located at 551 Fifth Avenue, New York, New York 10176 , and our telephone number is 212.983.2640 .

We also have wholly owned subsidiaries as follows:

Italy for organization, and France for seat of management

Interparfums Italia Srl

Manufacture, market and distribute a wide array of prestige fragrances, and fragrance related products

Interparfums, USA Swiss Ltd

United Arab Emirates

Interparfums Middle East DMCC

Hong Kong, special administrative region of the Peoples Republic of China

Inter Parfums USA Hong Kong Limited

Our consolidated wholly owned subsidiary, Inter Parfums Holdings, S.A., and its majority owned subsidiary, Interparfums SA, maintain executive offices at 10 rue de Solférino, 75007 Paris, France.

Our telephone number in Paris is 331.5377.0000 .

SA also has wholly owned subsidiaries as follows:

Luxury Brands, Inc.

of prestige brands in the United States

(Suisse) Sarl

and manages certain brand names

Singapore Pte., Ltd.

and marketing office

SA is also the majority owner of Parfums Rochas Spain, SL, a Spanish limited liability company, which specializes in the distribution

of Rochas fragrances.

Publicly Held Companies

common stock is listed on The Nasdaq Global Select Market under the trading symbol “IPAR”.

The common shares of our

subsidiary, Interparfums SA, are traded on the Euronext.

Securities and Exchange Commission (“SEC”) maintains an internet site at http://www.sec.gov that contains financial

reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC.

our internet website at www.interparfumsinc.com , which is linked to the SEC internet site.

You can obtain through our website,

free of charge, our annual reports on Form 10-K, quarterly reports on Form 10-Q, interactive data files, current reports on Form

8-K, beneficial ownership reports (Forms 3, 4 and 5) and amendments to those reports filed or furnished pursuant to Section 13(a)

of the Securities Exchange Act of 1934 as soon as reasonably practicable after they have been electronically filed with or furnished

following information is qualified in its entirety by and should be read together with the more detailed information and audited

financial statements, including the related notes, contained or incorporated by reference in this report.

Business Development

operate in the fragrance business, and manufacture, market and distribute a wide array of prestige fragrances and fragrance related

We manage our business in two based operations, our European based operations and our United States based operations.

Certain prestige fragrance products are produced and marketed by our European based operations through our 72% owned subsidiary

in Paris, Interparfums SA, which is also a publicly traded company as 28% of Interparfums SA shares trade on the Euronext.

business is not capital intensive, and it is important to note that we do not own manufacturing facilities.

We act as a general

contractor and source our needed components from our suppliers.

These components are either received and stored directly at our

third-party fillers or received at one of our distribution centers and then, based upon production needs, the components are sent

to one of several third party fillers, which manufacture the finished product for us and then deliver them to one of our distribution

fragrance products focus on prestige brands, each with a devoted following.

By concentrating in markets where the brands are best

known, we have had many successful product launches.

We typically launch new fragrance families for our brands every few years,

and more frequently seasonal and limited edition fragrances are introduced as well.

creation and marketing of each product family is intimately linked with the brand’s name, its past and present positioning,

customer base and, more generally, the prevailing market atmosphere.

Accordingly, we generally study the market for each proposed

family of fragrance products for almost a full year before we introduce any new product into the market.

This study is intended

to define the general position of the fragrance family and more particularly its scent, bottle, packaging and appeal to the buyer.

Interparfums SA also has wholly owned subsidiaries as follows:

Interparfums Luxury Brands, Inc.

Distribution of prestige brands in the United States

Republic of Singapore

Interparfums Asia Pacific Pte., Ltd.

Sales and marketing office

Interparfums (Suisse) Sarl

Holds and manages certain brand names

Interparfums SA is also the majority owner of Parfums Rochas Spain, SL, a Spanish limited liability company, which specializes in the distribution of Rochas fragrances.

In addition, Interparfums SA holds a 25 % interest in Divabox SAS, a toiletries, cosmetics, and perfumes distributor in France.

Two Publicly Held Companies

Our common stock is listed on The Nasdaq Global Select Market under the trading symbol “IPAR,” and the common shares of our subsidiary, Interparfums SA, are traded on the EuroNext exchange under the symbol “ ITP ” .

The Securities and Exchange Commission interactive data files, periodic reports, current reports on Form 8-K, beneficial ownership reports (Forms 3 , 4 and 5 ) and amendments to those reports filed or furnished pursuant to Section 13 (a) of the Securities Exchange Act of 1934 are available as soon as reasonably practicable after they have been electronically filed with or furnished to the SEC.

The following information is qualified in its entirety by and should be read together with the more detailed information and audited financial statements, including the related notes contained or incorporated by reference in this report.

General Business Development

We operate in the fragrance business, and manufacture, market and distribute a wide array of prestige fragrances and fragrance related products.

We manage our business in two segments, European based operations and United States based operations.

Certain prestige fragrance products are produced and marketed by our European based operations through our 72 % owned subsidiary in Paris, Interparfums SA, which is also a publicly traded company as 28 % of Interparfums SA shares trade on the Euronext.

Our business is not capital intensive, and it is important to note that we do not own manufacturing facilities.

We act as a general contractor and source our needed components from our suppliers.

These components are either received and stored directly at our third party fillers or received at one of our distribution centers and then, based upon production needs, the components are sent to one of several third party fillers, which manufacture the finished products for us and then deliver them to one of our distribution centers.

Our fragrance products focus on prestige brands, each with a devoted following.

By focusing on markets where the brands are best known, we have had many successful product launches.

We typically launch new fragrance families for our brands every few years ("blockbusters"), and more frequently introduce seasonal and limited edition fragrances ("flankers" or "line extensions").

The creation and marketing of each product family are intimately linked with the brand’s name, its past and present positioning, customer base and, more generally, the prevailing market atmosphere.

Accordingly, we generally study the market for each proposed family of fragrance products for almost a full year before we introduce any new product into the market.

This study is intended to define the general position of the fragrance family and more particularly its scent, bottle, packaging and appeal to the buyer.

In our opinion, the unity of these four elements of the marketing mix makes for a successful product.

with any business, many aspects of our operations are subject to influences outside our control.

We believe we have a strong brand

portfolio with global reach and potential.

As part of our strategy, we plan to continue to make investments in fast-growing markets

and channels to grow market share.

We discuss in greater detail risk factors relating to our business in Item 1A of

this Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and the reports that we file from time to time

with the SEC.

Based Operations

produce and distribute our fragrance products primarily under license agreements with brand owners, and fragrance product sales

through our European based operations represented approximately 65% of net sales for the year ended December 31, 2023.

built a portfolio of prestige brands, which include Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, Lanvin,

Moncler, Montblanc, Rochas, and Van Cleef & Arpels , whose products are distributed in over 120 countries around

The Lacoste fragrance license became effective on January 1, 2024.

States Based Operations

brand fragrance products are also produced and marketed through our United States based operations and represented approximately

35% of net sales for the year ended December 31, 2023.

These fragrance products are sold under trademarks owned by us or

pursuant to license or other agreements with the owners of brands, which include Abercrombie & Fitch, Anna Sui, Donna Karan,

DKNY, Ferragamo, Graff, GUESS, Hollister, MCM, Oscar de la Renta, Roberto Cavalli, and Ungaro .

In 2023, we announced

our agreement to distribute Abercrombie & Fitch’s number one men's fragrance, Fierce, in selected markets.

first phase of the agreement, which became effective on September 1, 2023, covers Fierce distribution in certain major markets,

including Europe, Mexico and Australia.

The second phase, which activated in February 2024, covers distribution in additional markets

in Western Europe and Latin America, and may include other flankers of the Fierce family of products.

entered into an exclusive worldwide fragrance license for the Roberto Cavalli brand, for 6.5 years, effective July 6, 2023.

Roberto Cavalli fragrance license is held and operated by our Italian subsidiary, Interparfums Italia, Srl, in keeping with the

Company’s strategy to develop an Italian brand hub, and is managed out of Paris, France.

The first seven months of the license

have been focused on producing finished goods, and we actively started distributing these products with key customers in February

Our rights under this license are subject to certain minimum advertising expenditures and royalty payments as are customary

in our industry.

December 2022, we closed a transaction agreement with Lacoste, whereby an exclusive and worldwide license was granted to Interparfums

SA for the production and distribution of Lacoste brand perfumes and cosmetics.

Our rights under this license are subject to certain

minimum advertising expenditures and royalty payments as are customary in our industry.

The license became effective in January

2024 and will last for 15 years.

Dunhill fragrance license expired on September 30, 2023 and was not renewed.

The Company has now entered the twelve-month sell-off

period during which it will maintain the right to sell-off remaining Dunhill fragrance inventory, which is customary in the fragrance

All usable components have been converted to finished goods, and any remaining components will be destroyed.

October 2021, we closed on a transaction agreement with Salvatore Ferragamo S.p.A., whereby an exclusive and worldwide license

was granted for the production and distribution of Ferragamo brand perfumes.

Our rights under this license are subject to certain

minimum advertising expenditures and royalty payments as are customary in our industry.

The license became effective in October

2021 and will last for 10 years with a 5-year optional term, subject to certain conditions.

respect to the management and coordination of activities related to the license agreement, the Company operates through a wholly

owned Italian subsidiary based in Florence, that was acquired from Salvatore Ferragamo on October 1, 2021.

The acquisition together

with the license agreement was accounted for as an asset acquisition.

October 2021, we also entered into a 10-year exclusive global licensing agreement with a 5-year optional term subject to certain

conditions, with Emanuel Ungaro Italia S.r.l, for the creation, development and distribution of fragrances and fragrance-related

products under the Emanuel Ungaro brand.

Our rights under this license are subject to certain minimum advertising expenditures

and royalty payments as are customary in our industry.

Karan and DKNY

September 2021, we entered into a long-term global licensing agreement for the creation, development and distribution of fragrances

and fragrance-related products under the Donna Karan and DKNY brands.

Our rights under this license are subject to certain minimum

advertising expenditures and royalty payments as are customary in our industry.

With this agreement, we have gained several well-established

and valuable fragrance franchises, most notably Donna Karan Cashmere Mist and DKNY Be Delicious , as well as a significant

loyal consumer base around the world.

In connection with the grant of license, we issued 65,342 shares of Inter Parfums, Inc.

common stock valued at $5.0 million to the licensor.

The exclusive license became effective on July 1, 2022, and we are planning

to launch new fragrances under these brands in 2024 .

a result of operational challenges faced by the Rochas Fashion business we took a $2.4 million impairment charge on our Rochas

fashion trademark in the first quarter of 2021.

In the fourth quarter of 2022, we again took a $6.8 million impairment charge

on the Rochas fashion trademark after an independent expert concluded that the valuation of the trademark was $11.3 million.

2023, the Rochas teams underwent a strategic shift to take over their own brand operations, exiting contracts with manufacturers

and distributors to make this new structure operational beginning in 2024.

An independent expert concluded that the valuation

based on this new business model was consistent with prior valuations and no additional impairments were needed.

are the owner of the Rochas brand, and the Lanvin brand name and trademark for our class of trade.

In addition, we have built

a portfolio of licensed prestige brands whereby we produce and distribute our prestige fragrance products under license agreements

with brand owners.

Under license agreements, we obtain the right to use the brand name, create new fragrances and packaging, determine

positioning and distribution, and market and sell the licensed products, in exchange for the payment of royalties.

under license agreements are also generally subject to certain minimum sales requirements and advertising expenditures as are

customary in our industry.

a percentage of net sales, product sales for the Company’s largest brands represented 73% of sales in 2023 up from 71% in

2022 with a split by brand as follows:

Ended December 31,

As with any business, many aspects of our operations are subject to influences outside our control.

We believe we have a strong brand portfolio with global reach and potential.

As part of our strategy, we plan to continue to make investments in fast-growing markets and channels to grow market share.

We discuss in greater detail risk factors relating to our business in Item 1 A of this Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and the reports that we file from time to time with the SEC.

European Based Operations

We produce and distribute our fragrance products primarily under license agreements with brand owners, and fragrance product sales through our European based operations represented approximately 65 % of net sales for the year ended December 31, 2024.

We have built a portfolio of prestige brands, which include Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, Lanvin, Moncler, Montblanc, Rochas, and Van Cleef & Arpels, whose products are distributed in over 120 countries around the world.

United States Based Operations

Prestige brand fragrance products are also produced and marketed through our United States based operations and represented approximately 35 % of net sales for the year ended December 31, 2024.

These fragrance products are sold under trademarks owned by us or pursuant to license or other agreements with the owners of brands, which include Abercrombie & Fitch, Anna Sui, Donna Karan/DKNY, Emanuel Ungaro, Ferragamo, Graff, GUESS, Hollister, MCM, Oscar de la Renta, and Roberto Cavalli.

Recent Developments

2025 will mark the creation of Interparfums SA’s first proprietary brand Solférino , a collection of 10 niche fragrances developed by star perfumers and intended for the collector’s fragrance market, to be launched initially through an ultra-selective distribution channel of some 100 points of sale.

The first boutique entirely dedicated to the brand should be up and running by the end of 2025 , along with an e-commerce site.

The launch of this new brand reflects the Company’s medium-term growth strategy in the extremely buoyant high-end fragrance market.

In December 2024, Interparfums SA signed for all Off-White ® brand names and registered trademarks for Class 3 fragrance and cosmetic products, subject to an existing license that expires on December 31, 2025, when Interparfums SA will begin commercial use of the fragrance brands.

Founded in 2012 by the late designer Virgil Abloh, Off-White is known for its high-end streetwear influences and bold approach to youth luxury.

When Virgil Abloh founded Off-White, he sought to establish a brand with a universal design language that was artistic, disruptive and a reflection of concepts explored in the realm of youth culture .

Off-White is globally recognized for:

Conceptual and artistic dimension, viewing fashion as an art form

A deconstructionist aesthetic, including contrasting materials and functional details

Distinct and recurring brand symbols that have become icons in the fashion world, such as crossed arrows, quotation marks and the “X” logo

A dedication to social and cultural causes, supporting initiatives for diversity and inclusion in the fashion sector, particularly in the field of design.

Abercrombie & Fitch

In 2023 , we announced our agreement to distribute Abercrombie & Fitch’s number one men's fragrance, Fierce, in selected markets.

The first phase of the agreement, which became effective on September 1, 2023, covers Fierce distribution in certain major markets, including Europe, Mexico and Australia.

The second phase, which activated in February 2024, covers distribution in additional markets in Western Europe and Latin America.

Roberto Cavalli

We entered into an exclusive worldwide fragrance license for the Roberto Cavalli brand, for 6.5 years, effective July 6, 2023.

Our Roberto Cavalli fragrance license is held and operated by our Italian subsidiary, Interparfums Italia, Srl, in keeping with the Company’s strategy to develop an Italian brand hub, and is managed out of Paris, France.

Our rights under this license are subject to certain minimum advertising expenditures and royalty payments as are customary in our industry.

In December 2022, we closed a transaction agreement with Lacoste, whereby an exclusive and worldwide license was granted to Interparfums SA for the production and distribution of Lacoste brand perfumes and cosmetics.

Our rights under this license are subject to certain minimum advertising expenditures and royalty payments as are customary in our industry.

The license became effective in January 2024 and will last for 15 years.

Rochas Fashion

As a result of operational challenges faced by the Rochas Fashion business, we have recorded impairment charges totaling $ 9.2 million during 2021 and 2022 after an independent expert concluded that the valuation of the trademark was $11.2 million.

In 2023 , the Rochas teams underwent a strategic shift to take over their own brand operations, exiting contracts with manufacturers and distributors to have this new structure operational beginning in 2024 .

In the fourth quarter of 2024 , we again took a $ 4.0 million impairment charge on the Rochas fashion trademark after management reviewed and agreed with an independent expert's conclusion that the valuation of the trademark was $ 7.2 million.

Fragrance Products

We are the owner of the Rochas brand, the Lanvin brand name and trademark for our class of trade, Off-White, subject to an existing license that expires on December 31, 2025, and the proprietary brand Solférino, a collection of niche fragrances under development for the past two years.

In addition, we have built a portfolio of licensed prestige brands whereby we produce and distribute our prestige fragrance products under license agreements with brand owners.

Under license agreements, we obtain the right to use the brand name, create new fragrances and packaging, determine positioning and distribution, and market and sell the licensed products, in exchange for the payment of royalties.

Our rights under license agreements are also generally subject to certain minimum sales requirements and advertising expenditures as are customary in our industry.

As a percentage of net sales, product sales for the Company’s largest brands represented 76 %, 73 %, and 71 % of sales in 2024 , 2023 , and 2022 , respectively, with a split by brand as follows:

Year Ended December 31,

Donna Karan/DKNY

2023, Macys, our top retail customer, accounted for approximately 12% of net sales.

No one customer represented 10% or more of

net sales in 2022 and 2021.

licenses expire on the following dates:

In 2024 and 2023 , Macy's, our top retail customer, accounted for approximately 12 % of net sales, respectively.

No one customer represented 10 % or more of net sales in 2022 .

Our licenses expire on the following dates:

Expiration Date

Abercrombie & Fitch

Extends until either party terminates on

3 years’ notice

December 31, 2026, plus one 5-year optional

December 31, 2025, plus a 5-year optional

term if certain sales targets are met

Extends until either party terminates on 3 years’ notice

December 31, 2026, plus one 5 -year optional term

December 31, 2025

June 30, 2026

December 31, 2032, plus a 5-year optional

term if certain sales targets are met

December 31, 2032, plus a 5-year optional

term if certain sales targets are met

Expired September 30, 2023, sell off period

until September 30, 2024

Donna Karan/DKNY

December 31, 2032, plus a 5 -year optional term if certain sales targets are met

Emanuel Ungaro

December 31, 2031, plus a 5-year optional

term if certain sales targets are met

December 31, 2031, plus a 5-year optional

term if certain sales targets are met

December 31, 2031, plus a 5 -year optional term if certain sales targets are met

French Connection

December 31, 2027, plus a 10-year optional

term if certain sales targets are met

December 31, 2026, plus 3 optional 3-year

terms if certain sales targets are met

December 31, 2027, plus a 10 -year optional term if certain sales targets are met

December 31, 2026, plus 3 optional 3 -year terms if certain sales targets are met

December 31, 2033

Extends until either party terminates on

3 years’ notice

Extends until either party terminates on 3 years’ notice

December 31, 2031

3 unchanged sentences

December 31, 2038

December 31, 2030, plus 4 option years

December 31, 2026, plus a 5-year optional

term if certain conditions are met

December 31, 2030, plus 4 optional years

December 31, 2026, plus a 5 -year optional term if certain conditions are met

December 31, 2030

Oscar de la Renta

December 31, 2031, plus a 5-year optional

term if certain sales targets are met

December 31, 2031, plus a 5 -year optional term if certain sales targets are met

Roberto Cavalli

2 unchanged sentences

December 31, 2033

connection with the acquisition of the Lanvin brand names and trademarks for our class of trade, we granted the seller the right

to repurchase the brand names and trademarks on July 1, 2027 for €70 million (approximately $77 million) in accordance with

an amendment signed in 2021.

In connection with such amendment, we also granted a license to the seller to develop and sell cosmetics

other than fragrances.

& Fitch — In 2014, we entered into a worldwide license to create, produce and distribute new fragrances and

fragrance related products under the Abercrombie & Fitch brand name.

We distribute these fragrances in specialty stores, department

stores and duty free shops, and in the U.S., in select Abercrombie & Fitch retail stores.

Our initial men’s scent, First

Instinct, was launched in 2016 followed by a women’s version in 2017.

Since that time, we unveiled several new fragrances,

most notably the Authentic and Away duos as well as brand extensions.

In connection with the acquisition of the Lanvin brand names and trademarks for our class of trade, we granted the seller the right to repurchase the brand names and trademarks on July 1, 2027 for € 70 million (approximately $73 million) in accordance with an amendment signed in 2021 .

In connection with such amendment, we also granted a license to the seller to develop and sell cosmetics other than fragrances.

Fragrance Portfolio

Abercrombie & Fitch — In 2014 , we entered into a worldwide license to create, produce and distribute new fragrances and fragrance related products under the Abercrombie & Fitch brand name.

We distribute these fragrances in specialty stores, department stores and duty free shops.

Our initial men’s scent, First Instinct, was launched in 2016 followed by a women’s version in 2017 .

Since that time, we unveiled several new fragrances, most notably the Authentic and Away duos as well as brand extensions.

Abercrombie & Fitch Co.

is a leading, global, omnichannel specialty retailer of apparel and accessories for men, women and kids.

Abercrombie & Fitch brand was born in 1892 and aims to make every day feel as exceptional as the start of a long weekend.

2023, we announced our agreement to distribute Abercrombie & Fitch’s number one men's fragrance, Fierce, in selected

The first phase of the agreement, which became effective on September 1, 2023, covers Fierce distribution in certain

major markets, including Europe, Mexico and Australia.

The second phase, which activated in February 2024, covers distribution

in additional markets in Western Europe and Latin America, and may include other flankers of the Fierce family of products.

Sui — In 2011, we entered into an exclusive worldwide fragrance license to create, produce and distribute fragrances

and fragrance related products under the Anna Sui brand.

The iconic Abercrombie & Fitch brand was born in 1892 and aims to make every day feel as exceptional as the start of a long weekend.

In 2023 , we announced our agreement to distribute Abercrombie & Fitch’s number one men's fragrance, Fierce, in selected markets.

The first phase of the agreement, which became effective on September 1, 2023, covers Fierce distribution in certain major markets, including Europe, Mexico and Australia.

The second phase, which was activated in February 2024, covers distribution in additional markets in Western Europe and Latin America.

Later in 2024 , we began distributing Fierce Pride.

Anna Sui — In 2011 , we entered into an exclusive worldwide fragrance license to create, produce and distribute fragrances and fragrance related products under the Anna Sui brand.

The Anna Sui brand is mostly popular in Asia.

Over the past decade,

we have worked in partnership with Anna Sui and her creative team to build upon the brand’s customer appeal and develop

and market a family of fragrances including Fantasia , Sui Dreams , Sky, and Sundae , a new three fragrance

In 2010, we entered into an exclusive 15-year worldwide license agreement for the creation, development and distribution of

fragrances and fragrance related products under the Boucheron brand.

For over a century, since becoming the first jeweler to open

a boutique on Place Vendôme in 1893, Boucheron has embodied very high-end creation, luxury and French know-how.

The mysterious

and seductive collection of Boucheron fragrances unquestionably continues this prestigious line of creations.

legacy scents, Femme and Homme , and the legendary Jaipur perfume form the foundation of brand sales.

team has enriched the portfolio with Quatre for men and women, a new men’s fragrance, Singulier, along with

several special editions, a growing collection of unique scents aptly named, La Collection , and Serpent Bohème.

Over the past decade, we have worked in partnership with Anna Sui and her creative team to build upon the brand’s customer appeal and develop and market a family of fragrances including Fantasia , Sui Dreams , Sky, and Sundae .

In 2024 , we introduced a new flanker within Fantasia fragrance family and most recently launched Wild Wonder , a new four -scent fragrance collection.

We plan to introduce a new flanker in 2025 .

Boucheron — In 2010 , we entered into an exclusive 15 -year worldwide license agreement for the creation, development and distribution of fragrances and fragrance related products under the Boucheron brand.

For over a century, since becoming the first jeweler to open a boutique on Place Vendôme in 1893 , Boucheron has embodied very high-end creation, luxury and French know-how.

The mysterious and seductive collection of Boucheron fragrances unquestionably continues this prestigious line of creations.

Boucheron’s legacy scents, Femme and Homme , and the legendary Jaipur perfume form the foundation of brand sales.

Our team has enriched the portfolio with Quatre for men and women, a new men’s fragrance, Singulier, along with several special editions, a growing collection of unique scents aptly named, La Collection , and Serpent Bohème.

Boucheron operates through several boutiques worldwide as well as an e-commerce site.

In 2015, we entered into an exclusive 11-year worldwide license to create, produce and distribute new men’s and women’s

fragrances and fragrance related products under the Coach brand name.

We distribute these fragrances globally to department stores,

specialty stores and duty free shops, as well as in Coach retail stores.

in 1941, Coach is the ultimate American leather goods brand and has always been renowned for its quality craftsmanship.

the luxury brand that best embodies New York’s casual elegance, Coach also offers collections of ready-to-wear, lifestyle

accessories and fragrances.

Its contemporary approach to luxury combines authenticity and innovation, exported worldwide thanks

to its thoroughly American non-conformist vision.

2016, we launched our first Coach fragrance, a women’s signature scent, and in 2017, a men’s scent, both of which

became and remain top selling prestige fragrances.

Subsequent flankers and extensions have enlarged the Coach fragrance enterprise

as have entirely new collections, including Coach Dreams which debuted in early 2020, and its sister scent, Dreams Sunset ,

Coach Wild Rose , and Coach Open Road , a new fragrance for men.

In 2023, we continued to enrich the Coach fragrance

lines with the roll-out of a number of flankers.

Coach — In 2015 , we entered into an exclusive 11 -year worldwide license to create, produce and distribute men’s and women’s fragrances and fragrance related products under the Coach brand name.

We distribute these fragrances globally to department stores, specialty stores and duty free shops, as well as in Coach retail stores.

Founded in 1941 , Coach is the ultimate American leather goods brand and has always been renowned for its quality craftsmanship.

Now the luxury brand that best embodies New York’s casual elegance, Coach also offers collections of ready-to-wear, lifestyle accessories and fragrances.

Its contemporary approach to luxury combines authenticity and innovation, exported worldwide thanks to its thoroughly American non-conformist vision.

In 2016 , we launched our first Coach fragrance, a women’s signature scent, and in 2017 , a men’s scent, both of which became and remain top selling prestige fragrances, leading the brand to become the third largest in our portfolio.

Subsequent flankers and extensions have enlarged the Coach fragrance enterprise as have entirely new collections, including Coach Dreams which debuted in early 2020 , and its sister scent, Dreams Sunset , Coach Wild Rose , and Coach Open Road , a new fragrance for men.

In 2023 , we continued to enrich the Coach fragrance lines with the roll out of a number of flankers including the launch of Coach Dreams Moonlight .

We have plans to launch two significant new flankers in 2025.

Coach is part of the Tapestry house of brands.

Karan/DKNY — In September 2021, we entered into a long-term global licensing agreement for the creation, development

and distribution of fragrances and fragrance-related products under the Donna Karan and DKNY brands, which took effect on July

Donna Karan and DKNY brands, which draw from the energy and attitude of New York City, are powerhouses in fashion and fragrance.

Donna Karan/DKNY — In September 2021, we entered into a long-term global licensing agreement for the creation, development and distribution of fragrances and fragrance related products under the Donna Karan and DKNY brands, which took effect on July 1, 2022.

The Donna Karan and DKNY brands, which draw from the energy and attitude of New York City, are powerhouses in fashion and fragrance.

These global lifestyle brands have been excellent additions to our portfolio.

With this agreement, we have gained several well-established

and valuable fragrance franchises.

most notable fragrances for the fashion house duo include Donna Karan Cashmere Mist and DKNY Be Delicious.

joining our portfolio in July 2022, these brands now rank among our largest.

In 2023, we enriched DKNY with the newest extension,

Be Delicious Orchard St .

and plan to launch new blockbuster fragrances under these brands in 2024.

Donna Karan and

DKNY are part of the G-III house of brands.

The Dunhill fragrance license expired on September 30, 2023, and was not renewed.

After the expiration of this license, the

Company has a twelve-month period to sell-off its remaining Dunhill fragrance inventory, which is customary in the fragrance industry.

All usable components have been converted to finished goods, and any remaining components will be destroyed.

Ungaro — In October 2021, we also entered into a 10-year exclusive global licensing agreement with Emanuel Ungaro

for the creation, development and distribution of fragrances and fragrance-related products, under the Emanuel Ungaro brand.

in 1965 in Paris, the house of Emanuel Ungaro is an icon of French refinement and haute couture.

Its unique style is expressed

through unquestioning sensuality, purity of silhouette, flamboyant prints, and exquisite attention to detail.

Season after season,

Emanuel Ungaro dared to be different, combining unexpected yet sensual clashes of bright colors and prints with beautiful

fragrances uphold the same values of audacity and elegance, and the brand is best known internationally, and such presence will

remain our sales focus as we continue to produce and distribute the brand’s legacy scents, notably Diva.

we unveiled an extension, Diva Rouge , and plan to launch a new fragrance in 2024.

In 2018, we entered into an exclusive, 8-year worldwide license agreement with London-based Graff for the creation, development

and distribution of fragrances under the Graff brand.

The agreement has three 3-year automatic renewal options, potentially extending

the license until December 31, 2035.

Laurence Graff OBE founded the company in 1960, Graff has been dedicated to sourcing and crafting diamonds and gemstones of untold

beauty and rarity and transforming them into spectacular pieces of jewelry that move the heart and stir the soul.

Throughout its

rich history, Graff has become the world leader for diamonds of rarity, magnitude and distinction.

Each jewelry creation is designed

and manufactured in Graff’s London atelier, where master craftsmen employ techniques to emphasize the beauty of each individual

With this agreement, we have gained several well-established and valuable fragrance franchises.

The most notable fragrances for the fashion house duo include Donna Karan Cashmere Mist and DKNY Be Delicious.

Upon joining our portfolio in July 2022, these brands now rank among our largest.

In 2024, we launched Donna Karan Cashmere Collection and DKNY 24 / 7 , our first blockbuster fragrance with the fashion house.

There are new flankers planned for 2025 to continue grow these brands.

Donna Karan and DKNY are part of the G-III house of brands.

Emanuel Ungaro — In October 2021, we also entered into a 10 -year exclusive global licensing agreement with Emanuel Ungaro for the creation, development and distribution of fragrances and fragrance related products, under the Emanuel Ungaro brand.

Founded in 1965 in Paris, the house of Emanuel Ungaro is an icon of French refinement and haute couture.

Its unique style is expressed through unquestioning sensuality, purity of silhouette, flamboyant prints, and exquisite attention to detail.

Season after season, Emanuel Ungaro dared to be different, combining unexpected yet sensual clashes of bright colors and prints with beautiful draping.

Emanuel Ungaro fragrances uphold the same values of audacity and elegance, and the brand is best known internationally, and such presence will remain our sales focus as we continue to produce and distribute the brand’s legacy scents, notably Diva.

In 2023 , we unveiled an extension, Diva Rouge , and in 2024 , we introduced a new pillar, Cosmic and two fragrance collections, Petals and Metallic .

We are planning to further enrich the brand with additional scents in 2025 .

Ferragamo — In October 2021, we closed on a transaction agreement with Salvatore Ferragamo S.p.A., whereby an exclusive and worldwide 10 -year license was granted for the production and distribution of Ferragamo brand perfumes, with a 5 -year optional term if certain conditions are met.

Salvatore Ferragamo S.p.A.

is the parent company of the Salvatore Ferragamo Group, one of the world’s leaders in the luxury industry and whose origins date back to 1927 .

Named after its founder, the brand still represents and lives by the original values of Salvatore Ferragamo.

The uniqueness and exclusivity of its creations, along with the perfect blend of style, creativity and innovation enriched by the quality and superior craftsmanship of the ‘Made in Italy’ tradition, have always been the hallmarks of the Salvatore Ferragamo’s products notably shoes, leather goods, apparel, silk products and other accessories for men and women.

The current fragrance lineup includes Storie di Seta, a collection of four refined, luminous olfactory works of art.

Each fragrance is made with rare, sustainable raw materials, and can be worn alone or in combination, creating a personalized multifaceted scent.

The genderless collection is comprised of four fragrances in four colors.

Four exclusive motifs drawn from the House’s textile heritage adorn each flacon.

Established scents in the Ferragamo portfolio include Ferragamo , a collection of fragrances for men, Signoria , a collection of fragrances for women, the Tuscan Creations series, the Amo series and the Uomo series.

In 2024 , we rolled out new flankers for the Signoria and Ferragamo collections.

A new blockbuster and flankers are in the works for 2025 .

Graff — In 2018 , we entered into an exclusive, 8 -year worldwide license agreement with London-based Graff for the creation, development and distribution of fragrances under the Graff brand.

The agreement has three 3 -year automatic renewal options, potentially extending the license until December 31, 2035.

Since Laurence Graff OBE founded the company in 1960 , Graff has been dedicated to sourcing and crafting diamonds and gemstones of untold beauty and rarity and transforming them into spectacular pieces of jewelry that move the heart and stir the soul.

Throughout its rich history, Graff has become the world leader in diamonds of rarity, magnitude and distinction.

Each jewelry creation is designed and manufactured in Graff’s London atelier, where master craftsmen employ techniques to emphasize the beauty of each individual stone.

The company remains a family business, overseen by Francois Graff, Chief Executive Officer.

Graff, a six-scent collection for women, Lesedi La Rona , debuted exclusively at Harrods, has now extended to only the most

exclusive, limited, ultra-high end retail outlets.

New members of the collection have been regularly added since the Lesedi

La Rona launch.

In 2018, we entered into an exclusive, 15-year worldwide license agreement with GUESS?, Inc.

for the creation, development and

distribution of fragrances under the GUESS brand.

in 1981, GUESS began as a jeans company and has since successfully grown into a global lifestyle brand.

markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, footwear and other

related consumer products.

GUESS products are distributed through branded GUESS stores as well as better department and specialty

stores around the world.

began selling GUESS legacy scents in 2018.

In 2019 the GUESS brand quickly became the largest within our United States based operations,

with legacy fragrances dominating the sales mix.

joining our portfolio, we have introduced several new blockbuster scents, including Bella Vita , Effect, and Uomo ,

the newest men’s fragrance for GUESS, which came to market in 2022 with a flanker debuting in 2023.

In 2024, we plan to

launch a new blockbuster scent for women, in addition to the roll-out of an innovative extension.

In 2014, we entered into a worldwide license to create, produce and distribute new fragrances and fragrance related products

under the Hollister brand name.

For Graff, a six -scent collection for women, Lesedi La Rona , debuted exclusively at Harrods, has now extended to only the most exclusive, limited, ultra-high end retail outlets.

New members of the collection have been regularly added since the Lesedi La Rona launch.

GUESS — In 2018 , we entered into an exclusive, 15 -year worldwide license agreement with GUESS?, Inc.

for the creation, development and distribution of fragrances under the GUESS brand.

Established in 1981 , GUESS began as a jeans company and has since successfully grown into a global lifestyle brand.

designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, footwear and other related consumer products.

GUESS products are distributed through branded GUESS stores as well as better department and specialty stores around the world.

We began selling GUESS legacy scents in 2018 , and by 2019 , the GUESS brand quickly became the largest within our United States based operations and fourth largest overall, with legacy fragrances dominating the sales mix.

Since joining our portfolio, we have introduced several new blockbuster scents, including Bella Vita , Effect, and Uomo.

In 2024 , we introduced an extension within the Uomo fragrance line, Uomo Intenso , unveiled the newest women’s fragrance, Iconic , and also released a new four -scent collection, Amore .

In 2025 , we plan to launch a men’s Iconic fragrance and roll out several new innovative extensions.

Hollister — In 2014 , we entered into a worldwide license to create, produce and distribute new fragrances and fragrance related products under the Hollister brand name.

We distribute these fragrances in specialty stores, department stores and duty free shops.

quintessential apparel brand of the global teen consumer, Hollister celebrates the liberating spirit of the endless summer inside

Inspired by California’s laidback attitude, Hollister’s clothes are designed to be lived in and made your

own, for wherever life takes you.

2016, we launched our first men’s and women’s fragrance duo, Wave, which led to several extensions, as did

subsequent fragrance families Festival and Canyon Escape .

In 2023, we launched a new blockbuster scent, Feelin’

Good, with plans to enrich the line with a new flanker in 2024.

Choo — In 2009, we entered into an exclusive 12-year worldwide license agreement for the creation, development

and distribution of fragrances and fragrance related products under the Jimmy Choo brand, and in 2017, we extended the license

agreement which now runs through December 31, 2031.

Choo encompasses a complete luxury accessories brand.

Women’s shoes remain the core of the product offering, alongside handbags,

small leather goods, scarves, eyewear, belts, fragrances and men’s shoes.

Jimmy Choo has a global store network encompassing

more than 200 stores and is present in the most prestigious department and specialty stores worldwide.

Jimmy Choo is part of the

Capri Holdings Limited luxury fashion group.

On August 10, 2023, Tapestry, Inc.

entered into a definitive agreement under which

Tapestry will acquire Capri Holdings, with the final closing date expected to come in 2024.

There is no current information that

would indicate this purchase would have any material impact on the Company’s operations.

the decade that followed, Jimmy Choo has grown to become our second largest brand with new pillars and flankers debuting regularly,

both for men and women.

Our newest women’s fragrance pillar, Rose Passion , was unveiled in 2023.

fragrance collections, including Jimmy Choo , Jimmy Choo Man, and Jimmy Choo I Want Choo continue to see international

Lagerfeld — In 2012, we entered into a 20-year worldwide license agreement with Karl Lagerfeld B.V., the internationally

renowned haute couture fashion house, to create, produce and distribute fragrances under the Karl Lagerfeld brand.

the creative direction of the late Karl Lagerfeld, one of the world’s most influential and iconic designers, the Lagerfeld

Portfolio represents a modern approach to distribution, an innovative digital strategy and a global 360 degree vision that reflect

the designer’s own style and soul.

Karl Lagerfeld created the first fragrance that bears his name in 1978, and that legacy

has expanded to include several growing multi-scent collection, Les Parfums Matières, and more recently, Karl

Cities, a new collection featuring entries for New York, Paris, Hamburg, Tokyo and Vienna was unveiled.

A new fragrance

due is unveiling in 2024.

Spade — In 2019, we entered into an exclusive, 11-year worldwide license agreement with Kate Spade to create,

produce and distribute new perfumes and fragrance related products under the Kate Spade brand which we distribute globally to

department and specialty stores and duty-free shops, as well as in Kate Spade retail stores.

its launch in 1993 with a collection of six essential handbags, Kate Spade has always stood for optimistic femininity.

the brand is a global life and style house with handbags, ready-to-wear, jewelry, footwear, gifts, home décor and more.

Polished ease, thoughtful details and a modern, sophisticated use of color—Kate Spade’s founding principles define

a unique style synonymous with joy.

Under the vision of its creative director, the brand continues to celebrate confident women

with a youthful spirit.

The quintessential apparel brand of the global teen consumer, Hollister's clothes are made for capturing moments, creating memories, and being unapologetically you.

In 2016 , we launched our first men’s and women’s fragrance duo, Wave, which led to several extensions, as did subsequent fragrance families Festival, Canyon Escape, and Feelin’ Good .

In 2024 , we launched Feelin’ Free, a new flanker duo within the Feelin’ Good fragrance family .

Jimmy Choo — In 2009 , we entered into an exclusive 12 -year worldwide license agreement for the creation, development and distribution of fragrances and fragrance related products under the Jimmy Choo brand, and in 2017 , we extended the license agreement which now runs through December 31, 2031.

Jimmy Choo encompasses a complete luxury accessories brand.

Women’s shoes remain the core of the product offering, alongside handbags, small leather goods, scarves, eyewear, belts, fragrances and men’s shoes.

Jimmy Choo has a global store network encompassing more than 200 stores and is present in the most prestigious department and specialty stores worldwide.

Jimmy Choo is part of the Capri Holdings luxury fashion group.

A proposed acquisition by Tapestry, Inc.

of Capri Holdings Limited was terminated in 2024 .

Jimmy Choo has grown to become our largest brand with new pillars and flankers debuting regularly, both for men and women.

Established fragrance collections, including Jimmy Choo , Jimmy Choo Man, and Jimmy Choo I Want Choo continue to see international success.

Our newest women’s fragrance, I Want Choo Le Parfum , was unveiled in 2024 with famous Chinese actress and singer, Victoria Song, as the face of the fragrance.

In 2025 , we plan to introduce two new fragrances, including a new Jimmy Choo Man fragrance.

Karl Lagerfeld — In 2012 , we entered into a 20 -year worldwide license agreement with Karl Lagerfeld B.V., the internationally renowned haute couture fashion house, to create, produce and distribute fragrances under the Karl Lagerfeld brand.

Under the creative direction of the late Karl Lagerfeld, one of the world’s most influential and iconic designers, the Lagerfeld Portfolio represents a modern approach to distribution, an innovative digital strategy and a global 360 degree vision that reflect the designer’s own style and soul.

Karl Lagerfeld created the first fragrance that bears his name in 1978 , and that legacy has expanded to include several growing multi-scent collection, Les Parfums Matières, and more recently, Karl Cities, a new collection featuring entries for New York, Paris, Hamburg, Tokyo and Vienna was unveiled.

In 2024 , we launched a new fragrance, Rogue , and a new fragrance duo, Ikonik , with its bottle design inspired by the late Karl Lagerfeld himself.

In 2025 we plan to introduce new fragrance duos.

Kate Spade — In 2019 , we entered into an exclusive, 11 -year worldwide license agreement with Kate Spade to create, produce and distribute new perfumes and fragrance related products under the Kate Spade brand which we distribute globally to department and specialty stores and duty free shops, as well as in Kate Spade retail stores.

Since its launch in 1993 with a collection of six essential handbags, Kate Spade has always stood for optimistic femininity.

Today, the brand is a global life and style house with handbags, ready-to-wear, jewelry, footwear, gifts, home décor and more.

Polished ease, thoughtful details and a modern, sophisticated use of color—Kate Spade’s founding principles define a unique style synonymous with joy.

Under the vision of its creative director, the brand continues to celebrate confident women with a youthful spirit.

Kate Spade is part of the Tapestry house of brands.

first original scent, Kate Spade New York , debuted in January 2021.

We have continued to enrich the collection with flankers,

including Kate Spade Sparkle, and more recently, Kate Spade Cherie .

– In December 2022, we closed a transaction agreement with Lacoste, whereby an exclusive and worldwide license

was granted for the production and distribution of Lacoste brand perfumes and cosmetics.

the juncture of sport and fashion, Lacoste frees us up, creates movement in our lives, and liberates our self-expression.

collection, in every line, Lacoste’s timeless elegance is captured through a combination of the creative and the classic.

Since its beginnings, the crocodile’s aura has grown more powerful with every generation who has worn it, becoming a rallying

sign beyond style.

Passed from country to country, from one generation to the next, from one friend to another, Lacoste pieces

become imbued with an emotional connection that raises them to the status of icons.

Lacoste license took into effect in January 2024, and we have been using the time since the license was signed to develop go-forward

strategies, curate the collection, and produce entirely new fresh goods.

In 2007, we acquired the worldwide rights to the Lanvin brand names and international trademarks listed in Class 3, our class

A synonym of luxury and elegance, the Lanvin fashion house, founded in 1889 by Jeanne Lanvin, expanded into fragrances

in the 1920s.

fragrances occupy an important position in the selective distribution market in France, Eastern Europe and Asia, and we have several

lines currently in distribution, including Éclat d’Arpège , Lanvin L’Homme , Jeanne Lanvin,

Modern Princess, A Girl in Capri, and Les Fleurs de Lanvin.

In 2019, we entered into an exclusive, 10-year worldwide license agreement with German luxury fashion house MCM for the creation,

development and distribution of fragrances and fragrance related products under the MCM brand.

The agreement has a 4-year

automatic renewal option, potentially extending the license until December 31, 2034.

is a luxury lifestyle goods and fashion house founded in 1976 with an attitude defined by the cultural Zeitgeist and its German

heritage with a focus on functional innovation, including the use of cutting-edge techniques.

Today, through its association with

music, art, travel and technology, MCM embodies the bold, rebellious and aspirational.

Always with an eye on the disruptive, the

driving force behind MCM centers on revolutionizing classic design with futuristic materials.

MCM’s millennial and Gen Z

audience is genderless, ageless, empowered and unconstrained by rules and boundaries.

through on our plan to develop extraordinary fragrances that capture the creative spirit of MCM, our first new fragrance, MCM ,

was released during the first quarter of 2021 to great success.

In 2023, we debuted our first ever men’s scent, MCM Onyx ,

and have plans to enrich the fragrance line with extensions in 2024.

In June 2020, we entered into an exclusive, 5-year worldwide license agreement with a potential 5-year extension with Moncler

for the creation, development, and distribution of fragrances under the Moncler brand.

was founded at Monestier-de-Clermont, Grenoble, France, in 1952 and is currently headquartered in Italy.

Over the years, the brand

has combined style with constant technological research assisted by experts in activities linked to the world of the mountain.

Our first original scent, Kate Spade New York , debuted in January 2021.

We have continued to enrich the collection with flankers, including Kate Spade Sparkle, and more recently, Kate Spade Cherie .

Lacoste – In December 2022, we closed a transaction agreement with Lacoste, whereby a 15-year exclusive and worldwide license was granted for the production and distribution of Lacoste brand perfumes and cosmetics.

At the juncture of sport and fashion, Lacoste frees us up, creates movement in our lives, and liberates our self-expression.

In every collection, in every line, Lacoste’s timeless elegance is captured through a combination of the creative and the classic.

Since its beginnings, the crocodile’s aura has grown more powerful with every generation who has worn it, becoming a rallying sign beyond style.

Passed from country to country, from one generation to the next, from one friend to another, Lacoste pieces become imbued with an emotional connection that raises them to the status of icons.

The Lacoste license took into effect in January 2024, and we developed go-forward strategies, curated the collection, and produced entirely new fresh goods during the year.

In 2024 , we recreated Lacoste Original , the brand’s first men’s line and introduced the L.

12.12 fragrance line.

In 2025 , we plan to further enrich Original and L.

12.12 with new men’s and women’s scents.

Lanvin — In 2007 , we acquired the worldwide rights to the Lanvin brand names and international trademarks listed in Class 3 , our class of trade.

A synonym of luxury and elegance, the Lanvin fashion house, founded in 1889 by Jeanne Lanvin, expanded into fragrances in the 1920 s.

Lanvin fragrances occupy an important position in the selective distribution market in France, Eastern Europe and Asia, and we have several lines currently in distribution, including Éclat d’Arpège , Lanvin L’Homme , Jeanne Lanvin, Modern Princess, A Girl in Capri, and Les Fleurs de Lanvin.

In 2024 , we launched Modern Princess in Jeans , a flanker within the Modern Princess pillar.

MCM — In 2019 , we entered into an exclusive, 10 -year worldwide license agreement with German luxury fashion house MCM for the creation, development and distribution of fragrances and fragrance related products under the MCM brand.

The agreement has a 4 -year automatic renewal option, potentially extending the license until December 31, 2034.

MCM is a luxury lifestyle goods and fashion house founded in 1976 with an attitude defined by the cultural Zeitgeist and its German heritage with a focus on functional innovation, including the use of cutting-edge techniques.

Today, through its association with music, art, travel and technology, MCM embodies the bold, rebellious and aspirational.

Always with an eye on the disruptive, the driving force behind MCM centers on revolutionizing classic design with futuristic materials.

MCM’s millennial and Gen Z audience is genderless, ageless, empowered and unconstrained by rules and boundaries.

Following through on our plan to develop extraordinary fragrances that capture the creative spirit of MCM, our first new fragrance, MCM , was released in 2021 .

In 2023 , we debuted our first ever men’s scent, MCM Onyx , and have since enriched the fragrance line with MCM Crush and MCM Diamonds during 2024 .

We also unveiled a limited edition MCM fragrance encrusted with Swarovski crystals.

In 2025 , we plan to introduce a new six-scent fragrance collection and new flankers.

Moncler — In June 2020, we entered into an exclusive, 5 -year worldwide license agreement with a potential 5 -year extension with Moncler for the creation, development, and distribution of fragrances under the Moncler brand.

Moncler was founded at Monestier-de-Clermont, Grenoble, France, in 1952 and is currently headquartered in Italy.

Over the years, the brand has combined style with constant technological research assisted by experts in activities linked to the world of the mountain.

The Moncler outerwear collections marry the extreme demands of nature with those of city life.

first fragrance for the Moncler brand had a revolutionary LED design, and the flask-shaped bottles of Moncler Pour Femme

and Moncler Pour Homme forged a powerful bond with the House Moncler’s alpine roots and pioneering spirit.

and unique innovation enables its owner to write a personalized note that scrolls in red letters on the screen of the mirror

In March 2023, we launched Les Sommets Moncler and Home collections, exploring a rich, woody olfactory palette.

Montblanc — In

2010, we entered into an exclusive license agreement to create, develop, and distribute fragrances and fragrance related products

under the Montblanc brand.

In 2015, we extended the agreement to December 31, 2025 and in 2023, we extended the agreement for

a second time through December 31, 2030.

has achieved a world-renowned position in the luxury-based operations and has become a purveyor of exclusive products, which reflect

today’s exacting demands for timeless design, tradition and master craftsmanship.

Through its leadership positions in writing

instruments, watches and leather goods, promising growth outlook in women’s jewelry, international retail footprint through

its network of more than 600 boutiques, high standards of product design and quality, Montblanc has grown to be our largest fragrance

2011, we launched our first new Montblanc fragrance, Legend, which quickly became our best-selling men’s line and

has given rise to a plethora of flankers including Legend Night , Legend Spirit, and Legend Red.

we launched our second men’s line, Emblem and like its predecessor, Emblem gave rise to brand extensions.

Our first fragrance for the Moncler brand had a revolutionary LED design, and the flask-shaped bottles of Moncler Pour Femme and Moncler Pour Homme forged a powerful bond with the House Moncler’s alpine roots and pioneering spirit.

Following the launches of the Les Sommets Moncler and Home collections in 2023 , we introduced a new Les Sommets extension in 2024 and continued to roll out the Moncler Sunrise duo.

Montblanc — In 2010 , we entered into an exclusive license agreement to create, develop, and distribute fragrances and fragrance related products under the Montblanc brand.

In 2015 , we extended the agreement to December 31, 2025 and in 2023 , we extended the agreement for a second time through December 31, 2030.

Montblanc has achieved a world-renowned position in the luxury-based operations and has become a purveyor of exclusive products, which reflect today’s exacting demands for timeless design, tradition and master craftsmanship.

Through its leadership positions in writing instruments, watches and leather goods, promising growth outlook in women’s jewelry, international retail footprint through its network of more than 600 boutiques, high standards of product design and quality, Montblanc has grown to be our second largest fragrance brand.

In 2011 , we launched our first new Montblanc fragrance, Legend, which quickly became our best-selling men’s line and has given rise to a plethora of flankers including Legend Night , Legend Spirit, and Legend Red.

In 2014 , we launched our second men’s line, Emblem and like its predecessor, Emblem gave rise to brand extensions.

In 2019 , we unveiled Montblanc Explorer , which has added numerous flankers including Ultra Blue and Platinum .

A four-scent premium collection will debut in 2024.

de la Renta — In 2013, we entered into an exclusive worldwide license to create, produce and distribute fragrances

and fragrance related products under the Oscar de la Renta brand.

In 2019, the agreement was extended through December 31, 2031,

with an additional five-year option potentially extending the agreement through December 31, 2036.

de la Renta is one of the world’s leading luxury goods firms.

The New York-based company was established in 1965, and encompasses

a full line of women’s accessories, bridal, children’s wear, fragrance, beauty and home goods, in addition to its

internationally renowned signature women’s ready to wear collection.

Oscar de la Renta products are sold globally in fine

department and specialty stores, www.oscardelarenta.com and through wholesale channels.

taking over distribution of the brand’s legacy fragrances in 2014, we introduced Extraordinary the following year.

Oscar de la Renta Bella Blanca debuted in 2018, followed by Bella Rosa, Bella Essence, Bella Bouquet, and Bella

In 2021, we debuted an entirely new fragrance pillar, Alibi, which welcomed sister scents, Alibi Eau de Toilette,

and more recently, Alibi Eau Sensuelle .

In 2024, we will unveil the Alibi ‘Pop’ three-scent collection.

Cavalli — In July 2023, we closed a transaction agreement with Roberto Cavalli, whereby an exclusive and worldwide

license was granted for the production and distribution of Roberto Cavalli brand perfumes and fragrance related products.

license became effective in July 2023 and will last for 6.5 years.

Cavalli scents are sophisticated, luxurious, and flamboyant, while Just Cavalli fragrances are designed to appeal to contemporary,

urban customers that are young or young at heart.

In addition to the two core lines, the house launched the Roberto Cavalli

Gold Collection , an ultra-premium fragrance collection, in 2014.

Cavalli fragrances are distributed globally, with a concentration

in Europe, the Middle East and the United States.

Additionally, we partnered with one of the top luxury retailers and distributors

in the Middle East, a concentrated market for the brand, to further expand the brand.

began shipping new freshly produced goods in February 2024, and plan to launch our first signature flanker in the summer of 2024,

which is planned to be followed by a Just Cavalli duo and a new collection of hair and body mists.

In 2015, we acquired the Rochas brand from The Procter & Gamble Company.

Founded by Marcel Rochas in 1925, the brand began

as a fashion house and expanded into perfumery in the 1950s under Hélène Rochas’ direction.

Rochas, nature is synonymous with French-style gardens, eternal springs, freshness, and innocence.

Never dry, these gardens are

constantly irrigated by the water of dreams and lit by the sun of the imagination.

Rochas’ birds and flowers are regularly

revisited in the ready-to-wear creations and perfumes.

They are part of the natural lifeblood of Rochas, a constant presence thronging

with a multitude of colors and a very Parisian spirit.

first new fragrance for Rochas, Mademoiselle Rochas , had a successful launch in 2017 in its traditional markets of France

Over the next few years, we debuted flankers for legacy scents Eau de Rochas and Mademoiselle Rochas, plus

others, and in 2018 we launched our first new men’s line, Rochas Moustache .

Byzance debuted in early

2020 and Rochas Girl in 2021.

In 2024 , we launched the four -scent Montblanc Collection and introduced a new extension in the Legend line, Legend Blue.

Furthermore, award winning singer and songwriter, John Legend, became the new ambassador of the Legend fragrance franchise in 2024 , fitting in both name and essence of the Legend fragrance.

We plan to further enrich the Explorer and Legend lines in 2025 .

Off-White— In December 2024, Interparfums SA signed for all Off-White brand names and registered trademarks for Class 3 fragrance and cosmetic products, subject to an existing license that expires on December 31, 2025, when Interparfums SA will begin commercial use of the fragrance brands.

Founded in 2012 by the late designer Virgil Abloh, Off-White is known for its high-end streetwear influences and bold approach to youth luxury.

When Virgil Abloh founded Off-White, he sought to establish a brand with a universal design language that was artistic, disruptive and a reflection of concepts explored in the realm of youth culture.

Off-White blends the worlds of streetwear and luxury in a spirit of talent and inventiveness.

This is a tremendous opportunity for us considering the brand’s unique positioning, not to mention Virgil Abloh’s impressive creative legacy.

This brand will help us explore new openings for fragrances in the luxury sector.

Off-White is globally recognized for:

Conceptual and artistic dimension, viewing fashion as an art form

A deconstructionist aesthetic, including contrasting materials and functional details

Distinct and recurring brand symbols that have become icons in the fashion world, such as crossed arrows, quotation marks and the “X” logo

A dedication to social and cultural causes, supporting initiatives for diversity and inclusion in the fashion sector, particularly in

the field of design.

Oscar de la Renta — In 2013 , we entered into an exclusive worldwide license to create, produce and distribute fragrances and fragrance related products under the Oscar de la Renta brand.

In 2019 , the agreement was extended through December 31, 2031, with an additional five -year option potentially extending the agreement through December 31, 2036.

Oscar de la Renta is one of the world’s leading luxury goods firms.

The New York-based company was established in 1965 , and encompasses a full line of women’s accessories, bridal, children’s wear, fragrance, beauty and home goods, in addition to its internationally renowned signature women’s ready-to-wear collection.

Oscar de la Renta products are sold globally in fine department and specialty stores, www.oscardelarenta.com and through wholesale channels.

After taking over distribution of the brand’s legacy fragrances in 2014 , we introduced Extraordinary the following year.

Oscar de la Renta Bella Blanca debuted in 2018 , followed by Bella Rosa, Bella Essence, Bella Bouquet, and Bella Night .

In 2021 , we debuted an entirely new fragrance pillar, Alibi, which welcomed sister scents, Alibi Eau de Toilette, and more recently, Alibi Eau Sensuelle, and Alibi Pop, a three -scent collection launched in 2024 .

We also launched Oscar de La Renta New York in 2024 , and plan to introduce a new extension in 2025 .

Roberto Cavalli — In July 2023, we closed a transaction agreement with Roberto Cavalli, whereby an exclusive and worldwide license was granted for the production and distribution of Roberto Cavalli brand perfumes and fragrance related products.

The license became effective in July 2023 and will last for 6.5 years.

Roberto Cavalli scents are sophisticated, luxurious, and flamboyant, while Just Cavalli fragrances are designed to appeal to contemporary, urban customers that are young or young at heart.

In addition to the two core lines, the house launched the Roberto Cavalli Gold Collection , an ultra-premium fragrance collection, in 2014 .

Cavalli fragrances are distributed globally, with a concentration in Europe, the Middle East and the United States.

Additionally, we partnered with one of the top luxury retailers and distributors in the Middle East, a key market, to further expand the brand.

We began shipping new freshly produced goods in February 2024, and later launched Sweet Ferocious , Just Cavalli Wild Heart fragrance duo, and a new collection of hair and body mists during 2024 .

In 2025 , we plan to launch new Roberto Cavalli and Just Cavalli fragrances, including a blockbuster, multi-scent collections, and extensions.

Rochas — In 2015 , we acquired the Rochas brand from The Procter & Gamble Company.

Founded by Marcel Rochas in 1925 , the brand began as a fashion house and expanded into perfumery in the 1950 s under Hélène Rochas’ direction.

With Rochas, nature is synonymous with French-style gardens, eternal springs, freshness, and innocence.

Never dry, these gardens are constantly irrigated by the water of dreams and lit by the sun of the imagination.

Rochas’ birds and flowers are regularly revisited in the ready-to-wear creations and perfumes.

They are part of the natural lifeblood of Rochas, a constant presence thronging with a multitude of colors and a very Parisian spirit.

Our first new fragrance for Rochas, Mademoiselle Rochas , had a successful launch in 2017 in its traditional markets of France and Spain.

Over the next few years, we debuted flankers for legacy scents Eau de Rochas and Mademoiselle Rochas, plus others, and in 2018 we launched our first new men’s line, Rochas Moustache .

Byzance debuted in early 2020 and Rochas Girl in 2021 .

The first flanker for both came to market in 2022 as well as one for L’Homme Rochas.

In 2023 , we rolled out pillar extensions Eau de Rochas Citron Soleil and Rochas Girl Life.

In October 2021, we closed on a transaction agreement with Salvatore Ferragamo S.p.A., whereby an exclusive and worldwide

10-year license was granted for the production and distribution of Ferragamo brand perfumes, with a 5-year optional term if certain

conditions are met.

Ferragamo S.p.A.

is the parent company of the Salvatore Ferragamo Group, one of the world’s leaders in the luxury industry

and whose origins date back to 1927.

Named after its founder, the brand still represents and lives by the original values

of Salvatore Ferragamo.

The uniqueness and exclusivity of its creations, along with the perfect blend of style, creativity and

innovation enriched by the quality and superior craftsmanship of the ‘Made in Italy’ tradition, have always been the

hallmarks of the Salvatore Ferragamo’s products notably shoes, leather goods, apparel, silk products and other accessories

for men and women.

current fragrance lineup includes Storie di Seta, a collection of four refined, luminous olfactory works of art.

Each fragrance

is made with rare, sustainable raw materials, and can be worn alone or in combination, creating a personalized multifaceted scent.

The genderless collection is comprised of four fragrances in four colors.

Four exclusive motifs drawn from the House’s textile

heritage adorn each flacon.

Established scents in the Ferragamo portfolio include Ferragamo , a collection of fragrances

for men, Signoria , a collection of fragrances for women, the Tuscan Creations series, the Amo series and

the Uomo series.

In 2023, we rolled out new flankers for the Signoria collection, Liberia , a Storie di

Seta duo, Cieli & Foreste , and a four-scent collection for Ferragamo .

New flankers are in the works for

Cleef & Arpels — In 2018, we renewed its license agreement for an additional six years with Van Cleef &

Arpels for the creation, development, and distribution of fragrance products through December 2024.

Our initial 12-year license

agreement with Van Cleef & Arpels was signed in 2006.

its founding in 1906, Van Cleef & Arpels has often turned to nature as an inexhaustible source of inspiration.

by the constant metamorphoses of flora and fauna, the Maison creates pieces that echo the blooming of flowers and the lushness

In 2024 , we rolled out pillar extensions Eau de Rochas Orange Horizon and Mademoiselle Rochas in Paris.

In 2025 , we plan to launch a new blockbuster fragrance and extension .

Solférino — 2025 will mark the creation of the Interparfums SA’s first proprietary brand Solférino ®, a collection of 10 niche fragrances developed by star perfumers and intended for the collector’s fragrance market, to be launched initially through an ultra-selective distribution channel of some 100 points of sale.

A first boutique entirely dedicated to the brand should be up and running by the end of 2025 , along with an e-commerce site.

The launch of this new brand reflects the Company’s medium-term growth strategy in the extremely buoyant high-end fragrance market.

With the Solférino collection, a proprietary brand under development for the past two years, we will boast a rich and unique universe perfectly suited to the high-end fragrance market.

This represents a first strategic step in the implementation of a new focus on a market that has exhibited sustained growth for several years.

Van Cleef & Arpels — Our initial 12 -year license agreement with Van Cleef & Arpels was signed in 2006 .

In 2018 , we renewed its license agreement for an additional six years with Van Cleef & Arpels for the creation, development, and distribution of fragrance products through December 2024.

In 2024 , the license was renewed for a second time for an additional nine years through December 31, 2033.

Since its founding in 1896, Van Cleef & Arpels has often turned to nature as an inexhaustible source of inspiration.

Enthralled by the constant metamorphoses of flora and fauna, the Maison creates pieces that echo the blooming of flowers and the lushness of gardens.

Over the decades, the excellence and creativity of the High Jewelry Maison established its reputation across the world.

Cleef & Arpels fragrances in current distribution include:

Van Cleef & Arpels fragrances in current distribution include:

First and Collection Extraordinaire.

Collection Extraordinaire line have experienced continued growth since its debut.

We continue to introduce new additions

to the Van Cleef & Arpels Collection Extraordinaire assortment annually, including Oud Blanc , Rêve

de Matiere, and Patchouli Blanc, with further additions planned.

Founded in 1896, Van Cleef & Arpels is a

French luxury jewelry company owned by Richemont Holdings Limited.

on prestige beauty brands .

Sales of the Collection Extraordinaire line have experienced continued growth since its debut.

We continue to introduce new additions to the Van Cleef & Arpels Collection Extraordinaire assortment annually, including Oud Blanc , Rêve de Matiere, and Patchouli Blanc and Precious Incense, with further additions planned.

Van Cleef & Arpels is a French luxury jewelry company owned by Richemont Holdings Limited.

Business Strategy

Focus on prestige beauty brands .

Prestige beauty brands are expected to contribute significantly to our growth.

We focus on developing

and launching quality fragrances utilizing internationally renowned brand names.

By identifying and concentrating in the most

receptive market based operations and territories where our brands are known, and executing highly targeted launches that capture

the essence of the brand, we have had a history of successful launches.

Certain fashion designers and other licensors choose us

as a partner because our Company’s size enables us to work more closely with them in the product development process as

well as our successful track record.

portfolio brands through new product development and marketing .

We grow through the creation of fragrance family extensions

within the existing brands in our portfolio.

We regularly create a new family of fragrances for each brand in our portfolio.

frequently introduce seasonal and limited edition fragrances as well.

With new introductions, we leverage our ability and experience

to gauge trends in the market and further leverage the brand name into different product families in order to maximize sales and

profit potential.

We have had success in introducing new fragrance families (sub-brands or flankers) within our brand franchises.

Furthermore, we promote the performance of our prestige fragrance operations through knowledge of the market, detailed analysis

of the image and potential of each brand name, and a highly professional approach to international distribution channels.

to add new brands to our portfolio, through new licenses or acquisitions.

Prestige brands are the core of our business, and

we intend to add new prestige beauty brands to our portfolio.

Over the past 35 years, we have built our portfolio of well-known

prestige brands through acquisitions and new license agreements.

We intend to further build on our success in prestige fragrances

and pursue new licenses and acquire new brands to strengthen our position in the prestige beauty market.

To that end, in 2021,

we closed on a transaction agreement with Salvatore Ferragamo S.p.A., whereby an exclusive and worldwide license was granted for

the production and distribution of Ferragamo brand perfumes.

Also in 2021, we entered into a long-term global licensing agreement

for the creation, development and distribution of fragrances and fragrance-related products under the Donna Karan and DKNY brands.

We focus on developing and launching quality fragrances utilizing internationally renowned brand names.

By identifying and concentrating on the most receptive market based operations and territories where our brands are known, and executing highly targeted launches that capture the essence of the brand, we have had a history of successful launches.

Certain fashion designers and other licensors choose us as a partner because our Company’s size enables us to work more closely with them in the product development process as well as our successful track record.

Grow portfolio brands through new product development and marketing .

We grow through the creation of fragrance family extensions within the existing brands in our portfolio, and regularly create a new family of fragrances for each brand in our portfolio.

In addition, we frequently introduce seasonal and limited edition fragrances as well.

Our use of artificial intelligence (“AI”) has enabled us to develop new products and marketing more rapidly.

With new introductions, we leverage our ability and experience to gauge trends in the market and further leverage the brand name into different product families to maximize sales and profit potential.

We have successfully introduced new fragrance families (sub-brands or flankers) within our brand franchises.

Further, we promote the performance of our prestige fragrance operations through knowledge of the market, detailed analysis of the image and potential of each brand name, and a highly professional approach to international distribution channels.

Continue to add new brands to our portfolio, through new licenses or acquisitions.

Prestige brands are the core of our business, and we intend to add new prestige beauty brands to our portfolio.

For over 40 years, we have built our portfolio of well-known prestige brands through acquisitions and new license agreements.

We intend to further build on our success in prestige fragrances and pursue new licenses and acquire new brands to strengthen our position in the prestige beauty market.

To that end, in 2021 , we closed a transaction agreement with Salvatore Ferragamo S.p.A., whereby an exclusive and worldwide license was granted for the production and distribution of Ferragamo brand perfumes.

Also in 2021 , we entered into a long-term global licensing agreement for the creation, development and distribution of fragrances and fragrance related products under the Donna Karan and DKNY brands.

This exclusive license became effective in July 2022.

During 2022, we closed a transaction agreement with Lacoste, whereby an

exclusive and worldwide license was granted to Interparfums SA for the production and distribution of Lacoste brand perfumes and

cosmetics effective January 1, 2024.

During 2023, we closed on a transaction agreement with Roberto Cavalli, whereby an exclusive

and worldwide license was granted for the production and distribution of Roberto Cavalli brand perfumes and fragrance related

During 2022 , we closed a transaction agreement with Lacoste, whereby an exclusive and worldwide license was granted to Interparfums SA for the production and distribution of Lacoste brand perfumes and cosmetics effective January 1, 2024.

During 2023 , we closed a transaction agreement with Roberto Cavalli, whereby an exclusive and worldwide license was granted for the production and distribution of Roberto Cavalli brand perfumes and fragrance related products.

This license became effective in July 2023.

As of December 31, 2023, we had cash, cash equivalents and short-term investments

of approximately $182.8 million, which we believe should assist us in entering new brand licenses or outright acquisitions.

identify prestige brands that can be developed and marketed into a full and varied product families and, with our technical knowledge

and practical experience gained over time, take licensed brand names through all phases of concept, development, manufacturing,

marketing and distribution.

existing portfolio into new categories .

We selectively broaden our product offering beyond the fragrance category and offer

other fragrance related products and personal care products under some of our existing brands.

We believe such product offerings

meet customer needs, generate trial and further strengthen customer loyalty.

to build global distribution footprint .

Our business is a global business, and we intend to continue to build our global distribution

In order to adapt to changes in the environment and our business, in addition to our arrangements with third party

distributors globally, we are operating distribution subsidiaries or divisions in the major markets of the United States, France,

Italy and Spain for distribution of prestige fragrances.

We may look into future joint arrangements or acquire distribution companies

within other key markets to distribute certain of our prestige brands.

While building a global distribution footprint is part

of our long-term strategy, we may need to make certain decisions based on the short-term needs of the business.

We believe that

in certain markets, vertical integration of our distribution network may be one of the keys to future growth of our Company, and

ownership of such distribution should enable us to better serve our customers’ needs in local markets and adapt more quickly

as situations may determine.

stages of the development and production process for all fragrances are as follows:

Simultaneous discussions

with perfume designers and creators (includes analysis of esthetic and olfactory trends, target clientele and market communication

In December 2024, Interparfums SA purchased all Off-White brand names and registered trademarks for Class 3 fragrance and cosmetic products, subject to an existing license that expires on December 31, 2025, when Interparfums SA will begin commercial use of the fragrance brands.

As of December 31, 2024, we had cash, cash equivalents and short-term investments of approximately $234.7 million, which we believe should assist us in entering new brand licenses or outright acquisitions.

We identify prestige brands that can be developed and marketed into a full and varied product families and, with our technical knowledge and practical experience gained over time, take licensed brand names through all phases of concept, development, manufacturing, marketing and distribution.

Expand existing portfolio into new categories .

We selectively broaden our product offering beyond the fragrance category and offer other fragrance related products and personal care products under some of our existing brands.

We believe such product offerings meet customer needs, generate trial and further strengthen customer loyalty.

Continue to build a global distribution footprint .

Our business is a global business, and we intend to continue to build our global distribution footprint.

In order to adapt to changes in the environment and our business, in addition to our arrangements with third party distributors globally, we are operating distribution subsidiaries or divisions in the major markets of the United States, France, Italy and Spain for distribution of prestige fragrances.

We may look into future joint arrangements or acquire distribution companies within other key markets to distribute certain of our prestige brands.

While building a global distribution footprint is part of our long-term strategy, we may need to make certain decisions based on the short-term needs of the business.

We believe that in certain markets, vertical integration of our distribution network may be one of the keys to future growth of our Company, and ownership of such distribution should enable us to better serve our customers’ needs in local markets and adapt more quickly as situations may determine.

Production and Supply

The stages of the development and production process for all fragrances are as follows:

Simultaneous discussions with perfume designers and creators (includes analysis of esthetic and olfactory trends, target clientele and market communication approach)

Concept choice

Produce mock-ups

for final acceptance of bottles and packaging

Receive bids from

component suppliers (glass makers, plastic processors, printers, etc.) and packaging companies

Produce mock-ups for final acceptance of bottles and packaging

Receive bids from component suppliers (glass makers, plastic processors, printers, etc.) and packaging companies

Choose suppliers

Schedule production

and packaging

Issue component

purchase orders

Follow quality control

procedures for incoming components;

Follow packaging

and inventory control procedures.

who assist us with product development include, but are not limited to :

Independent perfumery

design companies (Aesthete, Carré Basset, PI Design, Cent Degres)

Perfumers (IFF,

Givaudan, Firmenich, Robertet, Takasago, Mane) who create a fragrance consistent with our expectations and, that of the fragrance

designers and creators

Fillers (Voyant,

CPFPI, Omega Packaging, Societe de Diffusion de Produits de Parfumerie, TSM Brands, ICR, Cosmint, Tatra, Arcade Beauty)

Bottle manufacturers

(Pochet du Courval, Verescence, Verreries Brosse, Bormioli Luigi, Stoelzle Masnières, Heinz), caps (Qualipac, ALBEA,

RPC, Codiplas, LF Beauty, Texen Group, S.A.R.L.

J3P SBG Packaging Group), Pumps (Silgan Dispensing Systems Thomaston Corp,

Aptar, Rexam) or boxes (Autajon, Diamond Packaging, TPC Printing)

Logistics (DiFarco,

Bansard, Bolloré Logistics for storage, order preparation and shipment)

accounts for our European based operations are primarily settled in euro and for our United States based operations, suppliers’

accounts are primarily settled in U.S.

For our European based operations components for our prestige fragrances are purchased

from many suppliers around the world and are primarily manufactured in France.

United States based operations, components for our prestige fragrances are sourced from many suppliers around the world and are

primarily manufactured in the United States and Italy.

Additionally, we occasionally utilize third party manufacturers in China,

Poland and Turkey.

Environmental,

Social & Governance

our United States based operations and our European based operations are good corporate citizens and take our responsibilities

We comply with all applicable laws, rules and regulations in general, and in particular with regard to chemicals and

hazardous materials.

Throughout our supply chain, from procurement of components to distribution of finished products, we act

responsibly and monitor and comply with all legal requirements.

While we do not own our manufacturing facilities, we set

a high bar with our industrial partners by placing an emphasis on quality, the use of good manufacturing practices and innovation,

and encouraging them to build strong ESG programs of their own.

Like many of our industry competitors, we are applying a multifunctional

and comprehensive approach in addressing the issues of corporate, environmental and social responsibility and transparency, building

off the UN Sustainable Development Goals.

Our European based operations have led the way on this initiative, but our US operations

are actively catching up.

Parfums, Inc., our parent company, is using a multi-step process for Environment, Social, Governance (“ESG”) related

activities and reporting.

Following the work done in ESG by our French based subsidiary, Interparfums SA, in September 2022 we

launched our United States ESG program for our subsidiaries, Interparfums, USA LLC in the United States and Interparfums, Italia

Srl in Italy.

Environmental data regarding our regional sales offices in Geneva, Dubai and Hong Kong are not yet included in the

ESG strategy.

The final step in our ESG reporting will be the combination of both ESG programs into a single cohesive report.

States based operations ESG

section of our annual report discusses our United States based operations ESG program, and when we refer to ESG activities of

Interparfums in the rest of the report, we are referring solely to our United States based operations ESG program.

The ESG report

by our French based subsidiary Interparfums SA, follows in the next section.

When we refer to Inter Parfums, Inc., or the Company,

we are referring to our Nasdaq publicly traded parent company.

ESG related information is as of December 31, 2022, unless otherwise

have defined Interparfums’ United States based operations ESG strategy and have been developing new projects and activities

to reflect the United Nations’ sustainable development goals (https://sdgs.un.org/fr/goals), which are present throughout

the document.

Our ESG strategy is based upon the challenges we face, our risk analysis and the expectations of our stakeholders.

are committed to:

Schedule production and packaging

Issue component purchase orders

Follow quality control procedures for incoming components;

Follow packaging and inventory control procedures.

Suppliers who assist us with product development include, but are not limited to :

Independent perfumery design companies (Aesthete, Carré Basset, PI Design, Cent Degres)

Perfumers (IFF, Givaudan, Firmenich, Robertet, Takasago, Mane, Sozio, Synarome, Symrise) who create a fragrance consistent with our expectations and, that of the fragrance designers and creators

Fillers (Voyant, CPFPI, Omega Packaging, Societe de Diffusion de Produits de Parfumerie, TSM Brands, ICR, Cosmint, Tatra, Arcade Beauty , Jacomo, Parfums Vabel, Cosmeurop, CCI Production, Edipar, MF Production Bains, SDPP Alcool, Fareva Poissy, MF Productions bains, Cosmopar, BPS 60 , BPS 02 , CPC, Biopack )

Bottle manufacturers (Pochet du Courval, Verescence, Zignago, Vetro Brosse, Bormioli Luigi, Stoelzle Masnières, Heinz), caps (Qualipac, ALBEA, CMSI, Codiplas, Axilone Plastiques, LF Beauty, Texen Group, S.A.R.L.

J 3 P SBG Packaging Group), Pumps (Silgan Dispensing Systems Thomaston Corp, Aptar, Rexam) or boxes (Pusterla, Verpack, Diamond Packaging, TPC Printing)

Logistics (DiFarco, Clarins, and Bolloré Logistics for storage, order preparation and shipment)

Suppliers’ accounts for our European based operations are primarily settled in euros and for our United States based operations, suppliers’ accounts are primarily settled in U.S.

For our European based operations components for our prestige fragrances are purchased from many suppliers around the world and are primarily manufactured in France.

For United States based operations, components for our prestige fragrances are sourced from many suppliers around the world and are primarily manufactured in the United States and Italy.

Additionally, we occasionally utilize third party manufacturers in China, Poland and Turkey.

Environmental, Social & Governance ("ESG")

Both our United States based operations and our European based operations are good corporate citizens and take our responsibilities seriously.

We comply with all applicable laws, rules and regulations in general, and in particular with regard to chemicals and hazardous materials.

Throughout our supply chain, from procurement of components to distribution of finished products, we act responsibly and monitor and comply with all legal requirements.

While we do not own our manufacturing facilities, we set a high bar with our industrial partners by placing an emphasis on quality, the use of good manufacturing practices and innovation, and encouraging them to build strong ESG programs of their own.

Like many of our industry competitors, we are applying a multifunctional and comprehensive approach in addressing the issues of corporate, environmental and social responsibility and transparency, building off the UN Sustainable Development Goals.

Our European based operations have led the way on this initiative, but our US operations are actively catching up.

Interparfums, Inc., is using a multi-step process for ESG related activities and reporting.

Following the work done in ESG by our French based subsidiary, Interparfums SA, in September 2022 we launched our United States ESG program for our subsidiaries, Interparfums, USA LLC in the United States and Interparfums, Italia Srl in Italy.

Environmental data regarding our regional sales offices in Geneva, Dubai and Hong Kong are not yet included in the ESG strategy.

We intend that the final step in our ESG reporting will be the combination of both ESG programs into a single cohesive report.

We are committed to:

● Reducing and optimizing our environmental footprint.

Climate change requires urgent action.

Quantifying and disclosing our carbon impact, including scope 1, 2 and 3 emissions, is the first step in making measurable progress on environmental sustainability.

● Creating a more diverse and inclusive culture and impacting our community .

1 unchanged sentence

We want to build a culture genuinely focused on listening to employees, supporting their development, and leveraging their value.

● Reducing and optimizing our environmental footprint:

Climate change requires urgent action.

We want to improve our environmental

footprint and measure our carbon footprint to disclose it for all its scopes.

● Sustainable fragrances throughout their whole life cycle .

Sustainability is at the heart of our product creation to

respond to evolving social and environmental challenges.

The procurement of materials should consider all those aspects.

● Transparency and compliance :

Interparfums complies with all applicable laws, rules and regulations in general, and

in particular with regard to chemicals and hazardous materials.

as a Climate Stakeholder and Anticipate Future Regulations

first step is to know where we are starting from by measuring our carbon footprint across the board.

It will enable us to initiate

a low-carbon trajectory compatible with the Paris Agreements.

As we do not own manufacturing facilities, our scope 1 is negligible

and our scope 2 is restricted to the electricity consumption of our offices and warehouse.

Finally, our scope 3 represents most

of our emissions.

the Carbon Footprint of Our Activities

carbon footprint has been calculated for scopes 1, 2, and 3 for 2022.

Scope 1 covers direct greenhouse gas emissions associated

with consumption for heating and fuel for company vehicles.

Scope 2 covers indirect energy-related greenhouse gas emissions, i.e.

electricity consumption of our offices and warehouses.

Scope 3 refers to indirect emissions in an organization’s supply

those indirectly related to its activity, both upstream and downstream.

Inter Parfums, Inc.

has calculated its total

carbon footprint in accordance with international standards, and namely the International Green House Gas Protocol (GHG Protocol)

for the conversion of all emission sources into tons of CO2 equivalent and the Base Carbone®, a public database of emission

factors made available by the French Agency for Ecological Transition (ADEME).

tons of CO 2 equivalent

and services purchased

from fuels and energy not included in Scope 1 or 2

freight transport and distribution

services purchased

leasing assets

indirect upstream emissions

freight transport and distribution

services purchased

Transformation

of products sold

of life of products sold

determined for 2022

leasing assets

indirect downstream emissions

carbon intensity is in the low end of its industry sector.

Calculating this first carbon footprint across the board has given

us a starting point and highlighted our need to ask our suppliers more about their climate strategy and encourage them to make

their own calculations to refine ours.

We will then be able to forecast our carbon trajectory more precisely.

to Create a More Diverse, Fair and Inclusive Culture, and Impact Our Community

is a company serving many customers in different countries.

To serve our customers well, we must attract and retain the best talent

who bring with them different backgrounds, experiences and viewpoints.

Fostering an inclusive culture is key to enabling our talents

to work together effectively.

United States based operations, as of December 31, 2022, women accounted for 67% of the workforce and black, indigenous, and people

of color accounted for 58% of the workforce.

Our workforce as of December 31, 2022 included 241 full time employees.

strive to maintain an inclusive environment free from discrimination of any kind, including sexual or other discriminatory harassment,

and all our US employees are trained once a year on Preventing Harassment at Work through on-line training.

Interparfums, we strongly believe in fostering a diverse and inclusive workplace where everyone feels safe, valued, respected,

and empowered to reveal their authentic selves.

This approach to diversity includes diversity of gender, ethnicity, ability, background,

gender identity, and sexual orientation and is recognized at the leadership level and throughout our whole organization.

a Healthy and Environmental Conscious Workplace

September 2022 our New York office has been partnering with Fraîche, which provides smart fridges that are stocked every

day with high-quality and on-trend items curated from their local partner restaurants and brands.

Our New York based employees

can have access to meals, drinks, and snacks and the Company gives each employee a daily credit to be used.

We are very glad to

be part of the Fraîche journey.

ensure that all our employees play an active role in our environmental approach, we have carried out several initiatives aimed

to reflect on how Interparfums impacts climate change, global warming, pollution, and other environmental challenges, and how

we can promote sustainability.

commemorate Earth Day, we encouraged all employees to participate in activities that promote sustainability, distributed info

on the UN Sustainable Goals, tips on how to be more sustainable in the office and shared a QR code linked to a survey where employees

were invited to share suggestions on how we can make Interparfums a more sustainable workplace.

Interparfums’ offices we also launched our recycling initiative.

For example, in New York, we have now color-coded bins

green bins for paper/cardboard placed next to the copy-machines and in the kitchens.

blue bins for metal, plastic, glass, and cartons placed in the kitchens.

black bins for regular trash/non-recycling items.

we shared good practices on “how to be more sustainable in the office” tips on printing, electricity management, and

cyberlearning.

This is a first but necessary step in promoting sustainability in our day-to-day work.

Employer Committed to Everyone’s Success

a management style that is very family oriented and close to employees, everyone is free to share their ideas while respecting

the Company’s.

Management attaches the utmost importance to ensuring that everyone understands and supports Interparfums’

briefings on business developments and monetary results keep employees up to date with management and market expectations.

flexibility of the organization, which is essentially made up of small teams, means that it can constantly adapt to any changes

or developments in the external environment.

Company cultivates a positive and inclusive culture through various initiatives including the following that were implemented

during 2023 in our United States based operational locations:

Global Employee Anniversary Recognition Program

● Distributed

IP branded swag & product launches

& Pulse Surveys

● Distributed

company internal logo and Teams backgrounds

Training Certification (New York and New Jersey)

Parties (US and Italy)

diversity, equality and recognition

and 15th floor renovations for New York office

Positive Contribution Through Impactful Philanthropy

start the new year off strong, we’re proud to announce that Interparfums partnered with I Support the Girls https://isupportthegirls.org/programs/our-impact/

to distribute 1,100 Interparfums products to various American and international shelters for the holiday season.

Our products were

distributed to 13 different shelters that donate hygiene and cosmetic products to domestic abuse survivors and low-income schools.

To Sustainable Fragrances Throughout Their Life Cycle

Policy - As a global distributor of fragrances under licenses, Interparfums, fragrance oils and ingredients must comply with

relevant global legislation, including, but not limited to, the countries and jurisdictions where the products are sold.

not support animal testing on any bulk, raw materials, or finished product.

We encourage our suppliers and any testing laboratories

to find alternative test methods to ensure the safety and stability of our products.

We also encourage development, use, and regulatory

acceptance of alternatives to animal testing to ensure health and safety of consumers.

Fragrance oil compounds must not be tested

on animals (any mixtures of blended raw materials supplied to Interparfums).

Fragrance ingredients must also not be tested on

animals by the fragrance manufacturer for cosmetic safety assessment purposes.

fragrance suppliers share with Interparfums an analysis report with physiochemical data (color, pH, density, organoleptic profile,

We rely on these reports shared by our partners.

are taken after receipt to check the ingredients before formulation.

Compliance with the specifications is verified for each batch,

and at each renewal.

If compliance is not obtained, then the product is not launched.

In other words, 100% of the products launched

are compliant.

As there is no claim regarding our products, there is no further investigation made on them (unlike cosmetic products

for instance).

Vegan-Friendly

Fragrances Policy - We support a shift toward a vegan consciousness.

As vegan products are becoming a standard request on

the part of many of Interparfums’ licensors and clients, all fragrance oils developed for Interparfums are vegan in accordance

with the definition provided below:

products do not contain any animal products, animal by-products, or animal derivatives.

Animal products are anything obtained

from living or killed animals.

Animal by-products are anything obtained from living animals, including, but not limited to, beeswax,

honey, shellac (including Ambretollide), and lanolin.

Animal derivatives are anything derived from animals, animal products, or

animal products, such as casein derived from milk.

Ingredients - As consumer interest continues to grow toward sustainable products and sustainably sourced ingredients, we understand

our responsibility to ensure that we can speak about sustainably sourced ingredients within our products.

Of course, all claims

are compliant with the new French claims guide preparing the future European Commission regulation on explicit environmental claims

(Green Claims Directive), as our products are also sold in Europe.

All fragrances developed for Interparfums should provide an

environmentally added value ingredient storyline, such as use of responsibly sourced lavender.

Of course, the exact storyline

or ingredient requested may vary depending on the brand or project.

we understand some of these may be safe-as-used and well proven as solvents, all fragrance oils developed for Interparfums are

formulated without phthalates and without gluten.

This restriction also applies to ingredients that contain gluten such as wheat,

barley, oats and rye, as well as raw materials that may be derived from gluten containing ingredients (e.g., Tocopherol derived

from wheat germ oil).

complete our approach, we have formalized a list of ingredients prohibited in our fragrances, which is shared by our development

In addition, we strictly adhere to the requirements of our licensors.

is important to specify that most of our alcohol is of plant origin, mainly corn.

Ultra - We have MCM Ultra fragrance, a bold new scent that fuses expert craftsmanship with cutting-edge technologies.

Inspired by the brand’s signature backpack in eye-catching Berlin Gold, MCM Ultra features a rich scent profile in

a show-stopping packaging that meets the opulence of this exquisite fragrance.

MCM Ultra is 100% vegan, made with 74% biodegradable

ingredients, and contains 79% responsibly sourced ingredients from Firmenich Naturals Together™ program that make a positive

social impact to local communities all over the world.

in collaboration with our amazing partners at MCM, the ULTRA campaign foreshadows MCM Worldwide AW22’s campaign, “The

The campaign takes place in a seemingly infinite room made of entirely gold-tinted mirrors, reminiscent of a

Berlin discotheque.

The MCM tribe moves through the warm, ultra-luxurious light to reveal the ULTRA bottle emerging from liquid

gold, capturing the feeling of upscale, sensual glitz and glamour that encapsulates ULTRA.

does not tolerate child labor or any form of involuntary labor and demands that its business Contractors (including its contractors,

consultants, fillers, vendors and suppliers) conduct themselves with the utmost fairness, honesty and responsibility in all aspects

of their business.

As a general principle, our business Contractors are required to comply fully with all legal requirements applicable

to the conduct of their business.

We also demand that they comply with rigorous standards with respect to the manner in which

they treat their employees and accept Interparfums’ Supplier Code of Conduct, which reflects our principles and values.

Parfums, Inc.

adheres to corporate governance codes including but not limited to anti-hedging, bribery, fraud, and prohibition

against insider trading.

The Company’s management is responsible for the development and implementation of its ESG strategies

and programs.

Ultimate oversite by the Company’s Board of Directors is included in its committee charters and practices.

Inter Parfums, Inc.

● Understanding the impact of our fragrances throughout their whole life cycle.

Responsible product design and ingredient procurement allows us to respond to evolving social and environmental challenges, making our work a force for good.

The Company has partnered with EcoVadis to assess our suppliers' corporate social responsibility performance.

● Acting transparently and responsibly.

We are committed to safety, compliance, and proactively addressing critical ingredient challenges (particularly regarding chemicals and hazardous materials).

Areas of focus include ensuring the health and safety of consumers and designing products that are vegan friendly, that reduce the pressure on endangered natural resources and that are recyclable.

Additionally, Interparfums , Inc .

adheres to corporate governance codes including but not limited to anti-hedging, bribery, fraud, and prohibition against insider trading.

The Company’s management is responsible for the development and implementation of its ESG strategies and programs.

Ultimate oversight by the Company’s Board of Directors is included in its committee charters and practices.

Interparfums , Inc .

is a publicly traded company ( Nasdaq GS:

IPAR), and files reports with the Securities and Exchange Commission

Our largest subsidiary, 72% owned Interparfums SA, is also a publicly traded company as 28% of Interparfums

SA shares trade on the Euronext and is subject to the reporting requirements of the Euronext.

Interparfums SA also maintains a

governance policy that relates to its status as a French publicly held company, in addition to complying with this governance

policy, where applicable.

SA has identified its Corporate Social Responsibility (“CSR”) challenges based on the expectations of its stakeholders

and the market.

The first step was to identify them.

A materiality analysis was then carried out to list the CSR challenges and

highlight the priorities to be addressed in the coming years to ensure the model’s sustainability.

Stakeholders and priorities

consist of the following:

mutual involvement, sharing common values

and subcontractors

sourcing policy, product traceability and security, long-term relationships based upon trust, industrial synergies

of belonging, maintaining skills, equal opportunities, social dialogue, working conditions

footprint, local economy, relationships with schools, patronage

Satisfaction,

relationships built on trust, long-term relationships

& safety, packaging recycling, name recognition

Shareholders,

financial community, Autorité des marchés financiers (financial market regulation) (“AMF”)

relations based upon trust and transparency

SA is committed to a global approach to social, environmental and corporate responsibility and transparency.

Year after year,

it develops a CSR policy implemented by its operational and functional divisions and involving all staff.

It identifies its main

challenges based on several key areas:

its responsibilities to consumers, the environment, operational stakeholders and society,

and employees.

To support this approach, a CSR Executive Committee was set up at the beginning of 2021 at the initiative of management.

Comprising the Operations & Supply Chain, Human Resources, Finance, Legal and Communications departments, it has formalized

the Company’s CSR strategy, with goals to:

● Consolidate

its status as a responsible employer with, in particular, the formalization of a "Responsible Employer Charter"

and reinforcement of the employee training plan

its ecological footprint and involve suppliers in the process, thanks to the introduction of optimized eco-design specifications,

including the reduction of packaging and the introduction of recycled and recyclable materials on each product developed

its carbon footprint according to the GHG protocol methodology (Scopes 1, 2 and 3) to initiate a low- carbon trajectory compatible

with the Paris Agreements

its sustainable development approach by formalizing a business ethics charter that can be enforced against operational stakeholders

line with the Interparfums SA’s Corporate Social Responsibility strategy, the following table presents Interparfums SA’s

main objectives and compares them to market benchmarks such as the Sustainable Development Goals (“SDGs”).

2024, as part of its continuing improvement in ESG performance, Interparfums SA announced that it had increased its rating with

Sustainalytics, a leading ESG rating firm, and now ranks 26 th out of 104 companies.

2025 Targeted Performance

Attracting, supporting

and developing all talent

responsible employer charter

70% of employees per year

of employees trained

training for employees

of the Word for Good platform

employee awareness about disabilities

intervention of a committed association/personality

environmentally and socially responsible packaging

with suppliers with an EcoVadis score of 70/100

score of suppliers evaluated with EcoVadis 68.1/100

85% recyclable packaging

of our packaging is recyclable

a low carbon trajectory

emissions from scopes 1, 2 and 3

increase by 13.6% from 2022 to 2023

in contribution projects (carbon sequestration)

of a first project

relationships with our partners

eco-design charter to all industrial suppliers

completed in 2022

100% of industrial suppliers to a low carbon trajectory

conduct and compliance

the business ethic charter to all stakeholders

of industrial suppliers have received and signed the Business Ethics Charter

employee awareness

initiated at end of 2023 with Climate collage

the Health and Safety of Consumers

SA is responsible for marketing the cosmetic products it sells and for assessing their safety.

It also relies on information provided

by perfumers, who assess the safety of the raw materials used to make fragrances.

Interparfums SA carries out skin and eye safety

tests on the products it markets.

In accordance with EC regulation 1223/2009, none of these tests are carried out on animals.

Dermal safety tests are carried out on healthy adult volunteers and ocular safety tests on cultured cells.

Interparfums SA has

taken account of the REACH regulation (EC Directive No.

1907/2006 of 18 December 2006) on the registration, evaluation and authorization

of chemicals with all its suppliers, and has taken the initiative of contacting its various subcontractors and suppliers to ensure

that they effectively comply with the necessary registrations, notifications and requests for authorization from those upstream

in their supply chain.

Interparfums SA has proactively communicated with all its suppliers to commit to supplying items that do

not contain any substance listed in Appendix XIV (substances of very high concern).

To date, no supplier has declared the presence

of substances subject to authorization in items supplied to Interparfums SA.

Priority for High Levels of Natural Ingredients

SA uses only plant-based alcohol in all its fragrance lines, essentially beet alcohol, 99.5% of which is natural.

The remainder

is made up, depending on the line, of a variable proportion of natural ingredients.

All the perfumers we work with have concentrates

with a proportion of ingredients certified to ISO 9235 or ISO 16128.

The proportion of natural fragrances is therefore over 80%.

For its other products (aftershave balm, hand cream, shower gel and body lotion), Interparfums SA uses between 79% and 88% natural

Girl Franchise

launch of Rochas’ first low environmental impact line in 2021 was the first eco-design initiative to be led by Interparfums SA

This proposal allowed us to test with Rochas Girl the possibilities available to us in this area, taking our thinking

as far as possible.

The aim was to offer consumers a fragrance that met their expectations in terms of environmental engagement.

This project combined the codes of luxury perfumery with a new awareness by modernizing the Rochas portfolio, in an inclusive

and eco-responsible approach.

Rochas Girl is made from 90% natural ingredients, with neroli extract with relaxing properties,

and is vegan.

Its glass bottle contains 40% post-consumer recycled glass (“PCR”), which is the maximum level currently

proposed by glassmakers, and its cap is made from recycled plastic.

Its cardboard case is FSC-certified, printed with water-based

ink and without unnecessary decoration.

It is made in France.

Its formula contains no colorants, stabilizers, controversial additives

or UV filters.

It contains a reduced number of allergens.

In the same vein, a refill is now available for even less impact on

the environment.

multi-channel advertising was consistent with the product, with an advertisement filmed in the Paris region, with pictures of

unretouched models conveying an authentic image.

FSC certified cardboards point-of-sale advertising was also used.

Girl , Rochas also wanted to join the "1% for the planet" initiative, redistributing 1% of turnover generated

to various charities.

new version of Rochas Girl , Rochas Girl Life, launched in spring 2023, offers a direct refill and its bottle is

made from 40% PCR glass.

Environmental

Responsibilities

SA does not directly manage industrial sites but is involved in developing an environmental policy in collaboration with its subcontracting

partners and suppliers throughout its value chain, particularly in the following areas:

choice of ingredients;

choice of techniques and materials;

recycling and waste disposal measures;

reducing CO 2 emissions.

SA has no manufacturing activity and entrusts the manufacturing process to partners, each offering the best expertise and commitment

in their respective fields:

fragrance, glassmaking and packaging.

Interparfums SA asks them about their CSR strategies, in addition

to the EcoVadis assessment, and works with them to incorporate the environmental issues identified at each stage, in particular

the choice of materials used in components, waste treatment and reducing the carbon footprint.

optimized eco-design charter was formalized in 2022 and shared both internally and externally to ensure that the possible options

in this area are clear to all stakeholders.

The aim of this charter is to highlight the best practices of Interparfums SA for

optimizing the eco-design of the products it develops.

The objectives for each product category are clearly stated:

glass, decoration,

covers, wedges and cases.

products are not forgotten either with boxes, tubes and point-of-sale advertising.

This is a global approach that will enable

Interparfums SA to prepare for the regulatory obligations of the French AGEC law (anti-waste law for a circular economy).

the Environmental Impact of Our Operations

SA uses an HQE (High Environmental Quality) certified warehouse located in Normandy France, for its logistics and storage needs.

This certification covers improved insulation, lighting using presence detectors, Ecolabel finishing materials, centralized technical

management for energy control, rainwater recovery and efficient waste sorting.

SA constantly monitors energy and water consumption indicators to identify opportunities for improving energy efficiency in lighting,

heating and ventilation throughout the logistics site, such as modulating ventilation flow rates and programming weekend heating/ventilation

this end, the warehouse lighting is switched off automatically when employees are on a break outside and the temperature in the

warehouse is kept at 11°C.

This energy management also includes measures to manage the recharging schedules of the electric

forklift trucks during off-peak hours at night, with a low consumption of 280 kW maximum instead of 600 kW during the day.

electricity consumption reports are drawn up and in the event of significant peaks in consumption, the Company analyses the causes

of this over-consumption in order to remedy the situation where necessary.

Finally, to help preserve the environment, Interparfums

SA has installed dedicated parking spaces for bicycles and electric terminals for cars on the logistics site.

Total Energy consumption in kWh

SA closely monitors its waste production at warehouse level.

In 2023, 27 tons of waste were recycled through various channels

(plastic, pallets, paper and cardboard).

In addition, 3 tons of non-hazardous waste were incinerated with heat recovery.

was no dangerous waste elimination in 2023.

undertaken in collaboration with the warehouse and goods dispatch manager as part of the improvement and optimization of inter-plant

transport and the logistics platform have contributed to a reduction in the number of trucking turnarounds.

regards transport to distributors, Interparfums SA uses road transport for shipments in France and Europe and sea transport for

America, Asia and the Middle East.

Interparfums SA makes very limited use of air transport, reserving it for unavoidable emergencies.

Some promotional products manufactured in Asia are sent directly to American distributors without being imported and stored in

the Carbon Footprint Of Our Activities

carbon footprint has been calculated for scopes 1 and 2 since 2020.

Scope 1 covers direct greenhouse gas emissions (gas and fuel

consumption by Interparfums SA vehicles), while Scope 2 covers indirect emissions associated with energy (electricity consumption).

The sites studied were the warehouse and offices of the Paris head office.

On rue de Solférino, the premises are connected

to the City of Paris heating network and to a district cooling network that uses the cool temperature of the River Seine to cool

the water in the distribution network.

The emission factors for these two networks are very favorable in terms of carbon footprint.

Gas consumption is now reduced to that of the warehouse.

In addition, the solar panels on the roof have produced 4.9 MWh of renewable

tons of CO 2 equivalent

variations between 2023 and 2022 are linked to the periods of lockdown relating to the pandemic in 2020.

In 2022, Interparfums

SA moved its head office to BREEAM and HQE-certified premises, which are expected to reduce energy consumption by around 30%.

In addition, the use of renewable energies and the Paris heating network help improve these results.

2021, a full scope 1, 2 and 3 carbon footprint has been calculated using the GHG protocol method and either emission factors available

in databases, monetary ratios, or data shared by suppliers.

Therefore, 2021 is the reference year chosen by Interparfums SA for

its carbon trajectory.

are convinced that it is by involving our suppliers in our approach that we will be able to make progress on a low-carbon trajectory.

For the moment, only 53% of suppliers within the EcoVadis scope are tracking their carbon footprint.

However, 86% of purchases

of goods and services for production are made from suppliers located in Europe, who will be subject to the CSRD regulations (with

a deadline depending on their size) and will therefore initiate the process of measuring their carbon footprint.

If they wish,

we will support them in terms of methodology so that they can make progress on these crucial issues.

tons of CO 2 equivalent

and services purchased

from fuels and energy not included in Scope 1 or 2

freight transport and distribution

leasing assets

indirect upstream emissions

freight transport and distribution

of life of products sold

leasing assets

variations observed between the two years can be explained by changes in suppliers, some of whom are more advanced in terms of

carbon strategy and disclose their new scope 3, which we integrated in our measurements.

More assets were tied up over the period

and more business trips were made.

footprint (scopes 1, 2 and 3)

carbon intensity is at the low end of its sector.

The significant change between 2021 and 2022 is also linked to the increase

in kg of CO 2

k€ of turnover

the carbon footprint measurement had been completed, it was found only some of production purchases were made from suppliers with

targets for reducing their carbon footprint by 2030 (often in line with the European fit for 55 ).

We will be continuing

our dialogue with them to increase the number of partners involved and thus avoid carbon emissions.

SA wants to ensure that its climate trajectory is in line with the most recognized standards.

A first step is to align its reporting

with the principles of the TCFD ( Task Force on Climate- Related Financial Disclosures).

to Carbon Sequestration Programs

the end of 2022, Interparfums teamed up with TerraTerre , a young French Company with a mission to connect farmers committed

to the ecological transition and companies wishing to contribute to the global goal of climate neutrality by 2050.

the Environmental Impact of Products

to prevent environmental risks and pollution begins with the choice of techniques and materials, which must be optimized.

reduce the impact of its activities, some of the bottles produced by Interparfums SA are colored by applying a water-soluble solution,

making it possible to obtain a partly biodegradable color with no harmful impact on the natural environment.

For the rest of its

product ranges, Interparfums SA is pursuing its objective of gradually phasing out the use of "solvent-based" lacquers,

with a view to using "water-based" lacquers for all its product ranges.

addition, Interparfums SA is committed to reducing the volume of packaging and selecting appropriate materials at every stage

of product development, to ensure that they can be recycled or disposed of under optimum conditions.

Recyclable glass bottles

are manufactured using a system that recovers, crushes and remelts the waste.

Interparfums SA has revised boxes and secondary

packaging (perfume cases and boxes) to optimize pallet filling, reduce cardboard purchases and cut transport volumes by reducing

Tester boxes are entirely recyclable.

Interparfums SA is now imposing a minimum number of pallets per truckload.

Products Integrated Into the CSR Initiative

for our boxes and cases has long been made from FSC-certified cardboard and paper.

The transport crates have also been FSC-certified

design of the boxes also takes environmental concerns into account, with a choice of two formats, each with 3 recipient heights

to match the volume of perfume.

In addition, because of new specifications from certain distributors, the boxes will be subject

to further developments.

The new configuration will enable us to reduce our use of PS (polystyrene) plastic by more than 200 tons

and our use of 100% recycled APET plastic by 40 tons.

to an innovative proposal from a supplier, in 2022 the new capsules helped reduce the amount of virgin PP plastic used by 3.6

The replacement of virgin plastic in the boxes has begun, with the essential steps of testing compatibility with the formulas.

In 2022, 60% of tube have been made from PE PCR, saving 16 tons of virgin PE plastic.

PVC has definitively been banned for perfumery

more than 50% of tubes are recyclable, and more than 2 million of them contain no or no more carbon black (making them difficult,

if not impossible, to recycle).

Another action aimed at reducing the consumption of unnecessary packaging is to discourage its

use and replace it, particularly polybags.

We progressively suppress the carbon black in the plastic tubes to make them recyclable

in an easier way.

with Purchase (GWPs) are a major driver of consumer decisions.

The CSR initiative extends to their selection.

Our five suppliers

are already assessed by EcoVadis, and their average score is 77.6 (4 are Platinum and 1 Gold according to the 2022 ranking), which

is well above the average score for their sector (which is either 39 or 47, depending on the company).

We are therefore exercising

our duty of care in this area and, in addition, will be sharing our ethics charter with them in 2023.

The search for eco-labelled

products is also a priority.

2024, except for fragile items, promotional products will be wrapped in Kraft paper rather than plastic.

Consumers Recycle Their Packaging

packaging for perfumes sold by Interparfums SA can be recycled if the correct procedure is followed.

The optimized eco- design

charter recommends using traditional glass ( i.e., soda-lime glass), which is recyclable, and avoiding technical glass ( i.e.,

boro-silicate glass), which is not.

January 2022, European regulations have made it compulsory to display the Triman logo with instructions on how to recycle waste.

This has been done for all products sold by Interparfums SA.

are taking part in the Selective Perfumery working group run by the Institut du Commerce, which aims to mobilize brands and distributors

around the issue of collecting and recycling plastic in-store advertising in France.

This collective approach also brings together

in-store advertising manufacturers already committed to eco-design and potential dismantling.

these actions reflect Interparfums SA’s determination to integrate circular economy initiatives into its business model.

Responsibilities

to Operational Stakeholders and Society

it carries out and develops its activities, Interparfums SA has identified the following challenges:

a high level of relationship with its licensors through synergy, mutual involvement and the sharing of common values;

long-term partnerships with its suppliers and subcontractors through close collaboration in information exchange, in particular

about their CSR approach, their carbon footprint and their trajectory;

long-term, trust-based relationships with its distributor customers.

Trusting Relationships with Licensors and Distributors

signing its first license agreement in 1988, Interparfums has developed a significant portfolio of luxury brands under license.

Contact with luxury houses is systematically initiated by managers who develop and maintain a close relationship with the licensors.

Through the close collaboration between the marketing departments and the brands, which has increased over the years, products

are developed according to the desires and collections of each brand, to offer a unique fragrance that represents shared values.

SA has developed long-standing relationships with its distributors in each of the countries or regions in which it operates.

than 60 employees use their expertise in France and over 100 countries to distribute its fragrances.

As each continent and region

of the world has its own tastes, identity and olfactory culture, as well as its own sensitivities and attachment to a brand, there

is no single destination, and it is crucial to develop close commercial relationships with our distributors, to provide optimum

service to the consumer.

two or three years, Interparfums SA organizes a seminar lasting several days, bringing together all its distributors from around

This seminar, scheduled for 2024, will be an opportunity to present all the brands and products on offer, to meet all

the distributors and involve them closely in our development, and for the distributors to meet the employees with whom they work

closely on a daily basis.

Lasting Industrial Partnerships

of the subcontractors' factories and the warehouse for storing finished products are in Haute Normandie (France).

generated by Interparfums SA thus contributes to the development of the local economy.

of the perfumers we work with answer the CDP Climate Change questionnaire.

Their grades are above B, which is a reassuring

performance for our relationship with them.

This means that they are dealing with climate change and biodiversity at the right

Ratings of this level reflect a mature analysis of climate risks and opportunities.

Forests questionnaire is also important for Interparfums SA, which pays close attention to the management of natural areas

and considers it essential not to introduce raw materials responsible for deforestation in any country.

our suppliers assessed by EcoVadis, 45% are ISO 14001 certified, and 28% are ISO 45001/ OHSAS 18001 certified.

a Quality Management System with Confidence

SA has introduced specifications for purchasing, logistics, and best manufacturing practice standards for its subcontractors.

In addition, Interparfums SA has drawn up a business ethics charter that will be binding for its partners, to ensure that they

comply with the rules of ethics, morality and law that we are committed to respecting.

Its roll-out can thus be measured and improvement

plans can be requested from partners.

2013, all our suppliers have been implementing the ISO 22716 international standard on Best Manufacturing Practices, which sets

out guidelines for the production, checks, packaging, storage and dispatch of cosmetic products.

It is the practical development

of the quality assurance concept, through the description of the plant's activities.

Against this regulatory backdrop, regular

audit campaigns of all packaging plants carried out by the Quality department in accordance with the ISO 22716 standard have been

The purpose of these audits is to ensure that packagers maintain a good level of traceability.

All plant activities

have been reviewed, including the processes for receiving raw materials and packaging items, manufacturing, packaging and quality

These reports have demonstrated that our subcontractors comply with ISO 22716 Best Manufacturing Practices and in particular

the traceability required for all fragrance production.

the CSR Performance of Suppliers

part of its CSR strategy, Interparfums SA has teamed up with EcoVadis to assess the CSR performance of its supply chain and suppliers.

EcoVadis operates a global platform for assessing and sharing CSR performance, and their assessment method is based on international

CSR standards.

2023, 110 suppliers were assessed or in the process of being assessed, representing 92% of Interparfums SA’s purchasing

As part of a continuous improvement approach, Interparfums SA’ s objective is to monitor and encourage the CSR

performance of its suppliers in 4 major areas:

Environment, Social and Human Rights, Business Ethics and Responsible Purchasing.

of EcoVadis Evaluations

Number of Supplies Assessed

Average Score (overall score)

Environment Score

Social and Human Rights Score

Business Ethics Score

Responsible Purchasing Score

Positive Contribution Through Impactful Philanthropy

pollution is a major issue.

The oceans are its first victims and taking concrete action to protect them is a cause that Interparfums

With this in mind, we have decided to support The Sea Cleaners, a charity founded by yachtsman Yvan Bourgnon.

charity's mission is to help clean up the oceans by deploying boats to collect and recycle plastic waste.

Awareness-raising campaigns

are also run for the general public to bring about lasting changes in behavior.

2018, through the Givaudan Foundation , Interparfums SA has helped seven schools manage their libraries.

In 2022, the school

library installation program continued in Sulawesi with the opening of 2 new libraries in Mamuju (West Sulawesi).

A total of more

than 5,000 books were delivered to 1,163 children and 95 schoolteachers.

Interparfums SA renewed this partnership for 2023.

Employer Committed to Everyone's Success

a management style that is very family oriented and close to employees, everyone is free to share their ideas while respecting

Interparfums SA’s values.

Management attaches the utmost importance to ensuring that everyone understands and supports Interparfums

SA’s strategy.

briefings on business developments keep employees up to date with management and market expectations.

The flexibility of the organization,

which is essentially made up of small teams, means that it can constantly adapt to any changes or developments in the external

the "Interparfums SA spirit" also means that all employees adhere to and are aware of the Company's ethical values,

as well as ensuring that employees feel fulfilled at work and respect good working conditions.

This ethical commitment has been

formalized in a charter called the "Code of Conduct," to which each employee adheres, and which particularly focuses

on health, safety, discipline, risk prevention, harassment, respect for individual freedoms, sensitive transactions, fraud and

business confidentiality.

Diversity of profiles, cultures, ages and genders is a source of strength for our teams, the Company's

greatest asset.

2019, Interparfums SA has organized an annual disability awareness campaign.

In 2022, employees had the opportunity to take part

in a conference organized in partnership with the Café Joyeux Company, which employs people with disabilities, mainly

with Down's syndrome or autism.

Thanks to these discussions and testimonials, employees were able to talk about any obstacles

they might face and share their visions and experiences.

to these awareness-raising campaigns and local support from the Human Resources teams, three employees have been recognized as

disabled workers via the RQTH (Recognition as a Worker with a Disability).

quality of the work carried out by the teams is enhanced throughout the careers of our employees through training courses in order

to maintain a high level of competence in all business categories.

To this end, Interparfums SA offers all its employees development

plans enabling them to broaden their technical, managerial and personal skills.

employees, who work mainly in the offices at our Paris headquarters, enjoy excellent working conditions.

In 2022, the premises

were transferred to a single site on rue de Solférino, in a building renovated to the latest standards in terms of user

Smart systems mean everyone can manage their own lighting and ventilation.

The site is easily accessible by public transport,

and its car park has bicycle spaces and two vehicle charging points.

addition, as part of the drive to prevent psychosocial risks, a counseling and psychological support service is available to employees

via a dedicated toll-free number, in partnership with the Institut d'Accompagnement Permanent Psychologique et de Ressources (“IAPR”).

CSR Executive Committee has therefore decided to set up a dedicated internal interactive platform:

Work for Good .

for Good is a socially responsible platform which, with just a few clicks of the mouse, aims to raise awareness among employees

and encourage them to think about their consumption habits, both at work and at home and also think about how our professions

need to change.

platform also provides year-round information on Interparfums’ strategy.

A number of modules will also be dedicated to understanding

climate change.

And for those who want it, turnkey training courses on environmental and social issues along with simple solutions

that are easy to integrate into everyday life.

SA adheres to the Middlenext corporate governance code and in this context is developing its governance in line with the ESG issues

identified in its materiality matrix above.

Since its listing on the Paris stock exchange, Interparfums SA has made every effort

to be as transparent as possible by regularly explaining its strategy, outlook and concerns, and by answering all its shareholders'

questions to the best of its ability.

2022, we set up an Individual Shareholders’ Consultative Committee to strengthen our communication and respond more effectively

to the legitimate expectations of our shareholders.

In 2023, the members of the Board of Directors attended information-sharing

sessions designed to help them anticipate future regulations, particularly in terms of climate change, business ethics and the

fight against corruption and forced labor.

At the 2023 Annual General Meeting, new Directors were appointed to achieve double

parity, with the Board of Directors now made up of 50% independent directors and 50% women.

SA does not engage in any lobbying activities.

Interparfums SA is a member of Middlenext to ensure that management is informed

and trained in new regulations.

business ethics charter formalized in 2022 was sent in the second half-year to supply chain suppliers via the Provigis

This will enable us to guarantee suppliers' regulatory compliance and monitor the electronic signature system that will

be put in place for the ethics charter.

Other suppliers and partners will also be involved.

In addition to distributing the ethics

charter, we have decided to provide anti-corruption training for all our employees.

Employees who are most exposed to risk will

benefit from a special, tailor-made training day led by an expert.

and Distribution

products are distributed in over 120 countries around the world through a selective distribution network.

For our international

distribution, we either contract with independent distribution companies specializing in luxury goods or distribute prestige products

through our distribution subsidiaries.

In each country, we designate anywhere from one to three distributors on an exclusive basis

for one or more of our name brands.

We also distribute our products through a variety of duty free operators, such as airports

and airlines, and select vacation destinations.

our business is a global one, we intend to continue to build our global distribution footprint.

For the distribution of brands

within our European based operations, we operate through our distribution subsidiaries or divisions in the major markets of the

United States, France, Italy and Spain, in addition to our arrangements with third party distributors globally.

Our third party

distributors vary in size depending on the number of competing brands they represent.

This extensive and diverse network together

with our own distribution subsidiaries provides us with a significant presence in over 120 countries around the world.

50% of our European based prestige fragrance net sales are denominated in U.S.

We address certain financial exposures

through a controlled program of risk management that includes the use of derivative financial instruments.

We primarily enter

into foreign currency forward exchange contracts to reduce the effects of fluctuating foreign currency exchange rates.

business of our European based operations has become increasingly seasonal due to the timing of shipments by our distribution

subsidiaries and divisions to their customers, which are weighted to the second half of the year.

our United States operations, we distribute products to retailers and distributors in the United States as well as internationally,

including duty free and other travel-related retailers.

We also utilize our in-house sales team to reach our third party distributors

and customers outside the United States.

In addition, the business of our United States operations has become increasingly seasonal

as shipments are weighted toward the second half of the year.

market for prestige fragrance products is highly competitive and sensitive to changing preferences and demands.

The prestige fragrance

industry is highly concentrated around certain major players with resources far greater than ours.

We compete with an original

strategy, regular and methodical development of quality fragrances for a growing portfolio of internationally renowned brand names.

purchase raw materials and component parts from suppliers based on internal estimates of anticipated need for finished goods,

which enables us to meet production requirements for finished goods.

We generally ship products to customers within 72 hours of

the receipt of their orders.

Our business is not capital intensive, and it is important to note that we do not own manufacturing

IPAR), and files reports with the Securities and Exchange Commission (SEC).

Our largest subsidiary, 72 % owned Interparfums SA, is also a publicly traded company as 28 % of Interparfums SA shares trade on the Euronext and is subject to the reporting requirements of the Euronext .

Interparfums SA also maintains a governance policy that relates to its status as a French publicly held company, in addition to complying with this governance policy, where applicable.

Additional detailed information on Interparfums, Inc.'s ESG efforts can be found on our Company's website at https://www.interparfumsinc.com/esg and additional information published by our French based subsidiary, Interparfums SA, including their ESG performance reports can be found on their website at https://www.interparfums-finance.fr/en/csr-strategy/ .

References to our ESG reports on these websites are hereby incorporated by reference to this Annual Report on Form 10-K.

Marketing and Distribution

Our products are distributed in over 120 countries around the world through a selective distribution network.

For our international distribution, we either contract with independent distribution companies specializing in luxury goods or distribute prestige products through our distribution subsidiaries.

In each country, we designate anywhere from one to three distributors on an exclusive basis for one or more of our name brands.

We also distribute our products through a variety of duty free operators, such as airports and airlines, and select vacation destinations.

As our business is a global one , we intend to continue to build our global distribution footprint.

For the distribution of brands within our European based operations, we operate through our distribution subsidiaries or divisions in the major markets of the United States, France, Italy and Spain, in addition to our arrangements with third party distributors globally.

Our third party distributors vary in size depending on the number of competing brands they represent.

This extensive and diverse network together with our own distribution subsidiaries provides us with a significant presence in over 120 countries around the world.

Over 50 % of our European based prestige fragrance net sales are denominated in U.S.

We address certain financial exposures through a controlled program of risk management that includes the use of derivative financial instruments.

We primarily enter into foreign currency forward exchange contracts to reduce the effects of fluctuating foreign currency exchange rates.

The business of our European based operations has become increasingly seasonal due to the timing of shipments by our distribution subsidiaries and divisions to their customers, which are weighted to the second half of the year.

For our United States operations, we distribute products to retailers and distributors in the United States as well as internationally, including duty free and other travel-related retailers.

We also utilize our in-house sales team to reach our third party distributors and customers outside the United States.

In addition, the business of our United States operations has become increasingly seasonal as shipments are weighted toward the second half of the year.

The market for prestige fragrance products is highly competitive and sensitive to changing preferences and demands.

The prestige fragrance industry is highly concentrated around certain major players with resources far greater than ours.

We compete with an original strategy, regular and methodical development of quality fragrances for a growing portfolio of internationally renowned brand names.

We purchase raw materials and component parts from suppliers based on internal estimates of anticipated need for finished goods, which enables us to meet production requirements for finished goods.

We generally ship products to customers within 72 hours of the receipt of their orders.

Our business is not capital intensive, and it is important to note that we do not own manufacturing facilities.

We act as a general contractor and source our needed components from our suppliers.

These components are received

at one of our distribution centers and then, based upon production needs, the components are sent to one of several third party

fillers or directly to one of those third party fillers, which manufacture the finished products for us and then deliver them

to one of our distribution centers.

United States operations maintain product liability coverage in an amount of $10.0 million, and our European based operations

maintain product liability coverage in an amount of €14.7 million (approximately $16.2 million).

Based upon our experience,

we believe this coverage is adequate and covers substantially all of the exposure we may have with respect to our products.

have never been the subject of any material product liability claims.

the Federal Food, Drug and Cosmetic Act, fragrance products are regulated as cosmetics, and fragrances include, but are not limited

to, perfumes, colognes, fragrance mists, body sprays and aftershave.

They must meet the same requirements for safety as other

cosmetic ingredients.

Compliance required of fragrance ingredients include being safe for consumers when they are used according

to labeled directions or as consumers customarily use them.

the Fair Packaging and Labelling Act, companies and individuals who manufacture or market cosmetics have the legal responsibility

to ensure the products are safe and labelled according to the Act.

fragrance products that are manufactured and marketed in Europe are also regulated as cosmetics and subject to EU Regulation 1223/2009,

and after Brexit, the United Kingdom regulation of The UK Schedule 34 to the Product Safety and Metrology Regulation 2019.

of the date of this report, Interparfums products are in compliance with these regulations.

market for our products depends to a significant extent upon the value associated with our trademarks and brand names.

licenses or other rights to use, or own, the material trademark and brand name rights used in connection with the packaging, marketing

and distribution of our major products both in the United States and in other countries where such products are principally sold.

These components are received at one of our distribution centers and then, based upon production needs, the components are sent to one of several third party fillers or directly to one of those third party fillers, which manufacture the finished products for us and then deliver them to one of our distribution centers.

Product Liability

Our United States operations maintain product liability coverage in an amount of $ 10.0 million, and our European based operations maintain product liability coverage in an amount of € 14.7 million (approximately $ 16.2 million).

Based upon our experience, we believe this coverage is adequate and covers substantially all of the exposure we may have with respect to our products.

We have never been the subject of any material product liability claims.

Government Regulation

Under the Federal Food, Drug and Cosmetic Act, including the recent amendments with the passage of the Modernization of Cosmetics Regulation Act of 2022 (MoCRA), fragrance products and other fragrance based personal care products, are regulated as cosmetics.

The products include, but are not limited to, perfumes, colognes, fragrance mists, body sprays, body lotions, shower gels and aftershaves.

They must meet the same safety requirements as other cosmetic products under MoCRA.

Compliance for cosmetics includes ensuring they are safe for consumers when used according to labeled directions or as consumers customarily used.

Under the Fair Packaging and Labelling Act, companies and individuals who manufacture or market cosmetics have the legal responsibility to ensure the products are sold with accurate, clear, and informative labeling on products.

Our fragrance products and other fragrance based personal care products manufactured and marketed in Europe are also regulated as cosmetics and subject to EU Regulation 1223 / 2009 .

After Brexit, they are subject to the United Kingdom regulation of The UK Schedule 34 to the Product Safety and Metrology Regulations 2019 .

As of the date of this report, Interparfums products are in compliance with these regulations.

The market for our products depends to a significant extent upon the value associated with our trademarks and brand names.

We have licenses or other rights to use, or own, the material trademark and brand name rights used in connection with the packaging, marketing and distribution of our major products both in the United States and in other countries where such products are principally sold.

Therefore, trademark and brand name protection are important to our business.

Although most of the brand names we license, use

or own are registered in the United States and in certain foreign countries in which we operate, we may not be successful in asserting

trademark or brand name protection.

In addition, the laws of certain foreign countries may not protect our intellectual property

rights to the same extent as the laws of the United States.

The costs required to protect our trademarks and brand names may be

various licenses and other agreements, we have the right to use certain registered trademarks throughout the world for fragrance

Although most of the brand names we license, use or own are registered in the United States and in certain foreign countries in which we operate, we may not be successful in asserting trademark or brand name protection.

In addition, the laws of certain foreign countries may not protect our intellectual property rights to the same extent as the laws of the United States.

The costs required to protect our trademarks and brand names may be substantial.

Under various licenses and other agreements, we have the right to use certain registered trademarks throughout the world for fragrance products.

These registered trademarks include:

Abercrombie &

Donna Karan and

Dunhill (license expired September 30, 2023, sell off period until September 30, 2024)

Abercrombie & Fitch

Donna Karan/ DKNY

Emanuel Ungaro

3 unchanged sentences

Roberto Cavalli

addition, we are the registered owner of several trademarks for fragrance and beauty products, including:

June 2020, the Company and Divabox, owner of the Origines-parfums e-commerce platform for beauty products, signed a strategic

agreement and equity investment pursuant to which we acquired 25% of Divabox capital for $14 million through a capital increase.

of December 31, 2023, we had 607 full-time employees worldwide.

Of these, 334 are full-time employees of our European based operations

and its subsidiaries, with 90 employees engaged in sales activities and 244 in administrative, production and marketing activities.

Our United States based operations has 273 full-time employees, and of these, 85 are engaged in sales activities and 188 in administrative,

production and marketing activities.

Other than for the employees of Interparfums Italia Srl, we do not have collective bargaining

agreements relating to any of our employees, and we believe the collective bargaining agreement for our employees of Interparfums

Italia Srl will not have a material adverse effect on our operations.

Interparfums, we strongly believe in fostering a diverse and inclusive workplace free from discrimination of any kind, including

sexual or other discriminatory harassment, an environment where everyone feels safe, valued, respected, and empowered to reveal

their authentic selves.

This approach to diversity includes diversity of gender, ethnicity, ability, background, gender identity,

and sexual orientation and is recognized at the leadership level and throughout our whole organization.

for our employees Company-wide are:

- // cultivating

a culture that promotes our values of entrepreneurship, commitment, creativity and passion;

Van Cleef & Arpels

In addition, we are the registered owner of several trademarks for fragrance and beauty products, including:

Lanvin (Class 3 only)

Off-White (Class 3 only)

Equity Investments

In June 2020, our Company and Divabox, owner of the Origines-parfums e-commerce platform for beauty products, signed a strategic agreement and equity investment pursuant to which we acquired 25 % of Divabox capital for $ 14 million through a capital increase.

Human Capital

As of December 31, 2024, we had 647 full-time employees worldwide.

Of these, 353 are full-time employees of our European based operations and its subsidiaries, with 132 employees engaged in sales activities and 221 in other departments, including administrative, production and marketing activities.

Our United States based operations, consisting of offices in the United States, Italy, Hong Kong, Switzerland, and Dubai, has 294 full-time employees, and of these, 121 are engaged in sales activities and 173 in administrative, production, and marketing activities.

Other than for the employees of Interparfums Italia Srl, we do not have collective bargaining agreements relating to any of our employees, and we believe the collective bargaining agreement for our employees of Interparfums Italia Srl will not have a material adverse effect on our operations.

United States Based Operations

Interparfums is a company connecting thousands of customers around the world through our global presence, but our true strength lies in the extraordinary individuals who power our success.

We believe innovation flourishes when diverse minds come together.

Our people bring together unique perspectives, varied life experiences, and rich cultural insights.

By cultivating an environment where every voice is valued and everyone belongs, we empower our teams to collaborate and push the boundaries of what's possible.

Employee-Focused Value Proposition

One of Interparfums biggest strengths is in our employees.

Our people are the source of creativity and innovation.

To support and maintain this depth of talent, Interparfums aims to create a work environment that promotes the following employee-focused value propositions:

• Cultivating a culture that promotes our values of entrepreneurship, commitment, creativity and passion.

• Developing a respectful and inclusive work environment

developing team spirit and cross-functional collaboration;

ensuring equal opportunity employment;

empowering employees to develop their skills and grow their career;

maintaining a high level of expertise;

maintaining a proper balance between professional and private life;

promoting dialogue between employees and management;

offering quality of working conditions;

preserving the health and safety of all.

States Based Operations

employees are one of our most valuable assets, and fostering long-term relationships is beneficial to the continuity of our business.

After experience and expertise in the respective fields of employment, we look for dedication and loyalty among our employees,

as we believe having a long-standing workforce benefits our company.

All of our executive officers have been with us for a long

time (other than our CFO and our head of HR who joined our Company in 2022), and we also have several senior members of staff

with years of experience at Interparfums.

These experienced executives and employees believe that our company and their co-workers

are an extended family and share the same values of entrepreneurship, commitment, creativity and passion.

Their efforts and dedication

are what allow our company to prosper.

year, Interparfums organizes two seminars over several days for all its global employees.

This seminar provides an opportunity

to present all the company’s brands, products and marketing strategies.

Italy, an onboarding process is deployed including a welcome day with training on the company’s history and values, meeting

with all teams and dinner with the new employee’s team.

We also have an onboarding program in the US, which includes a two-day

newcomers’ seminar, twice a year where new hires learn more about our Company, our vision, our brands, our teams, our ways

of working and have team building activities.

safety of our employees is of paramount importance to us.

In the early stages of the COVID-19 Pandemic we experienced brief closures

at all of our locations and adapted to working remotely.

Upon reopening, we implemented prevention protocols to minimize the spread

of COVID-19 in our workplaces.

These protocols, which remained in place until June 2023, are in compliance with the Centers for

Disease Control guidelines and state requirements.

In Italy, the application of COVID-19 anti-contagion measures and protocol

are followed and as required by the law, we provide occupational health and safety training.

aim to provide an increasingly attractive employment package at our United States operations, this includes a comprehensive benefits

package (including Medical, Dental, Vision, basic and voluntary Life Insurance, AD&D Short-term and Long-Term Disability and

401K program (plus company match after 1 year of service, 50% of employee contribution, capped at 3%) parental leave and commuter

also allow Friday remote working arrangements for our employees, have shorter hours on Fridays during the summer months, and have

made available food choices for purchase in our lunchroom in New York from the “Fraîche” fridge.

the Italian operations, some of the benefits are required by law, such as health insurance for employees and family coverage,

supplementary voluntary severance scheme, parental leave, study leave and paid time off.

welfare plan is provided for employees in Italy, consisting of €500 per year, that each employee can use through a dedicated

platform that comprises a broad range of benefits and services (Transport and mobility, education, health, culture and leisure

time, supplementary pension and fringe benefit).

• Empowering employees to develop their skills and grow their careers.

• Fostering team spirit and cross-functional collaboration

• Ensuring equal opportunity for all.

Offering a Workplace Free from Discrimination and Harassment, and Building a Workplace That Promotes Inclusion

At Interparfums, we strongly believe in fostering a diverse and inclusive workplace where everyone feels safe, valued, respected, and empowered to reveal their authentic selves.

At Interparfums, we've created a workplace where every individual's unique identity is celebrated as a source of collective strength.

We share an unwavering commitment to fostering an environment where everyone can bring their whole selves to work with confidence and pride.

Our approach to inclusion is recognized at the leadership level and throughout our whole organization.

In support of this mission, Interparfums celebrates Pride Month every year to both commemorate the progress made in the fight for LGBTQ+ rights and to acknowledge the ongoing work required to create inclusive and accepting workplaces.

Recruitment and Onboarding

To welcome new employees to the Interparfums organization, we provide structured onboarding processes to ensure that new joiners seamlessly integrate into their new workplace.

Our goal is to provide a warm and welcoming environment to build strong relationships within our organization.

In Italy, an onboarding process is deployed including a welcome day with training on our Company’s history and values, meeting with all teams and dinner with the new employee’s team.

We also have an onboarding program in the United States, which includes a two -day newcomers’ seminar, twice a year where new hires learn more about our company, our vision, our brands, our teams, and our ways of working.

New employees are also invited to participate in team building activities to build camaraderie and Interparfums spirit.

By the end of these onboarding programs, employees are familiar with Interparfums culture, ways of working and support resources.

To continue fostering this sense of collaboration and innovation, Interparfums organizes annual seminars for all global employees to present a comprehensive perspective on our brands, products and marketing strategies.

Career and Talent Development

The heart of Interparfums’ success is the dedication of our people – professionals who don’t just build careers here, but legacies.

Our leadership team exemplifies this commitment, with most executive officers having helped shape our journey for decades.

When key leaders like our Chief Financial Officer and Chief Human Resources Officer joined us in 2022 , they integrated into a culture built on deep bonds and shared values.

This continuity is not just focused on tenure and longevity - it's about the extraordinary power of a workforce united by our core values of entrepreneurship, commitment, creativity, and passion.

In an era of constant change, our long-standing team members bring an invaluable blend of institutional knowledge and innovative thinking, driving our success while preserving the creative spirit that makes Interparfums unique.

To celebrate this longevity, Interparfums launched an Employee Anniversary Program to celebrate those who have been with our Company for 3 , 5 , 10 , 15 , 20 , 25 and more years.

Our Chief Executive Officer, Jean Madar, announced the program himself and employees hitting a milestone anniversary receive a reward and are invited to a special lunch or toast with Jean and the Leadership Team.

Performance Evaluation System

At Interparfums, we believe growth happens through meaningful dialogue and purposeful development.

Launched in 2022 , our performance management approach drives individual performance and organizational effectiveness by aligning individual and company objectives and setting clear, fair, and transparent expectations for success.

Enabling and empowering all employees to develop their skills and align with career advancement possibilities is integral to this process.

Finally, the goal is to promote ongoing opportunities for employees and managers to exchange feedback on performance, milestones, development, and build stronger work relationships.

The journey begins in January with goal setting and development planning.

Company objectives with measurable key performance indicators are shared at the beginning of the year and cascaded down to each department.

In alignment with our Company’s goals, employees set their individual goals for their respective roles.

Interparfums aims for this process to be productive and engaging between managers and their teams.

The year culminates in a comprehensive review that identifies achievements while charting the course for future growth.

By weaving together individual goals, continuous feedback, and career development, we're not just managing performance – we are nurturing careers and building lasting partnerships that drive our collective success

Employee Engagement

During the third quarter of 2024 , we conducted a companywide engagement survey with a 82 % participation rate.

We want to build a culture where all our employees feel included, engaged, and motivated – a workplace where they can bring their best to make things happen and achieve our collective goals.

Based on the survey’s feedback, we implemented various “People & Talent” programs with a focus on onboarding, talent management, performance, learning, internal communications, and company culture.

Some examples include more enhanced benefits, our Performance Management Program, LinkedIn Learning, our toolkit for new hires, Employee Anniversary Rewards and community events.

We also allow Friday remote working arrangements for our United States employees and have shorter hours on Friday during the summer months in our New York office.

Our employee engagement is not just led from the top;

employees are also offered opportunities to participate in internal engagement programs like our Holiday Party Committee.

To celebrate our employees, the Holiday Party Committee participated in a popular initiative where employees could be nominated for awards to be announced at our end of year holiday gathering.

Awards were presented to employees voted “Helping Hand, “Calmer of Storms,” “Motivator,” “Dream Team,” and “Most Valuable Employee.”

In Italy, we implemented remote working two days per week and flexible working hours (different start and end times for employee’s workday).

Community and team building events are organized to actively promote and strengthen the sense of belonging (Interparfums Italia’s birthday, Summer Party, Christmas and Easter dinners).

The offices have been refurbished with a dining room for socializing and relaxing over complimentary coffee, tea and cookies.

At Easter and Christmas, associations benefited from philanthropic funding by purchasing chocolate eggs (for AIL - Italian Association against Leukemia, Lymphoma and Myeloma), Christmas cards and gift baskets (for ANT - Home Medical Care for Cancer Patients), and Christmas Jumper day (for Save the Children, to protect children's rights and ensure their well-being through aid and advocacy).

Finally, to nurture employee engagement, we hold quarterly presentations with all employees presenting company results, function updates, celebrate successes and open the floor to Q&As.

Compensation and Benefits

We provide an increasingly attractive employment package at our United States operations, including Medical, Dental, Vision, basic and voluntary Life Insurance, AD&D Short-term and Long-Term Disability, a 401 (k) program (plus company match), parental leave, and commuter benefits.

For our Italian operations, some of the benefits are required by law, such as health insurance for employees and family coverage, supplementary voluntary severance scheme, parental leave, study leave and paid time off.

A welfare plan is provided for employees in Italy that each employee can use through a dedicated platform that comprises a broad range of benefits and services (transportation and mobility, education, health, culture and leisure time, supplementary pension, fringe benefit).

Ten paid hours per year are allocated for medical appointments.

Luncheon vouchers

worth €8 per day worked are given to cover lunch expenses.

Depending on the position in question, specific categories of

employees are entitled to a company mobile phone and unlimited internet access.

Italy, we also implemented remote working two days per week and flexible working hours (different start and end times for employee’s

Evaluation System

management was introduced in 2022.

It is designed mainly to drive individual performance and organizational effectiveness by aligning

individual and company objectives and to set clear, fair and transparent expectations for success.

Enabling and empowering all

employees to develop their skills and be in line with professional advancement possibilities is an integral part of this process.

Finally, the aim is to promote ongoing opportunities for employees and managers to exchange feedback on performance, milestones,

development, and build stronger work relationships.

process begins in January with goal setting and development planning.

Two check-ins are scheduled over the course of the year.

In November-December, an end-of-year review is carried out for performance assessment.

The latter represents a key step in the

career management of all our employees as it covers four main objectives:

provides an accurate evaluation on employee’s progress and performance against annual goals;

evaluates strengths and opportunity areas;

enables self-reflection;

rates overall performance.

Q3 of 2022, we conducted a Companywide Engagement Survey as we want to hear everyone’s voice and understand their expectations.

We want to build a culture where all our employees feel included, engaged, and motivated – a workplace where they can bring

their best to make things happen and achieve our collective goals.

Based on the survey’s feedback, we implemented various

People & Talent programs with a focus on onboarding, talent management, performance, learning, internal communications, and

company culture.

Some examples include more enhanced benefits, our Performance Management Program, LinkedIn Learning, our toolkit

for new hires, Employee Anniversary Rewards and community events.

nurture employee engagement, we hold quarterly presentations with all employees presenting Company results, function updates,

celebrate successes and open the floor to Q&As.

Italy, community and team building events are organized to actively promote and strengthen the sense of belonging (Interparfums

Italia’s birthday, Christmas and Easter dinners).

The offices have been refurbished with a dining room for socializing and

relaxing over complimentary coffee, tea and cookies.

At Easter and Christmas, associations benefited from philanthropic funding

by purchasing chocolate eggs (for AIL - Italian Association against Leukemia, Lymphoma and Myeloma) and Christmas cards and gift

baskets (for ANT - Home Medical Care for Cancer Patients).

Based Operations

SA’s employees constitute its most important contributor for creating value.

For that reason, their professional fulfillment

and motivation are indispensable drivers for our development.

a family-style management culture that is close to its employees, everyone is free to share their ideas in a manner that respects

the Company’s values.

Management attaches great importance to ensuring that each employee fully understands and supports

Interparfums SA’s strategy.

regular information meetings on business developments and trends, employees are kept up-to-date on expectations of management

and the market.

The organization’s flexibility, largely made up of small teams, facilitates its continuous adaptation to

all changes or evolving external conditions.

sharing of the “Interparfums” spirit also entails a commitment to and understanding of its ethical values by each

employee, the fulfillment of employees at work and compliance with good working conditions.

This ethical commitment is formalized

by a “Code of Good Conduct” to which each employee subscribes, and that is focused in particular on health, safety,

discipline, risk management, preventing harassment, respecting individual freedoms, sensitive transactions, fraud and business

confidentiality.

2017, Interparfums SA adopted a Charter relating to the right to disconnect from digital devices that was accepted by each employee.

two to three years, Interparfums SA organizes a seminar over several days for all its distributors from throughout the world.

This seminar provides an opportunity to present all the Company’s brands and products, meet with all distributors and involve

them in Interparfums SA’s development while giving the distributors an opportunity to meet with staff with whom they work

closely on a daily basis.

Human Resources Department pays particular attention to ensuring equal opportunity and non-discrimination for each recruitment.

Only skills, experience, qualifications and the personality of the candidates are taken into account in the selection process

for new employees.

This diversity in terms of profiles, culture, age and gender constitutes a decisive strength of its teams,

the Company’s most important asset.

account for 74% of Interparfums SA’s workforce and 60% of management positions are occupied by women in 2023.

2019, Interparfums SA has organized an annual disability awareness raising campaign.

In 2021, employees were given an opportunity

to participate in a role-playing workshop designed to give them a first-hand perspective of a person with a disability (hearing,

visual, psychological, motor).

Thanks to these opportunities for exchange, employees were able to talk about their possible impediments

and share their views and experiences.

these awareness-raising campaigns and local support from the Human Resources teams, two employees were accorded the status of

employees with disabilities through a specific procedure available in France for that purpose (Reconnaissance de la Qualité

de Travailleur Handicapé or RQTH).

SA also participates indirectly in promoting the employment of persons with disabilities and combating exclusion discrimination.

The Company has chosen to use a sheltered work enterprise to package its perfume boxes and a global communications agency called

“Les Papillons de Jour” to organize the European Week for the Employment of People with Disabilities (“EWPD”).

addition, Interparfums SA has adopted action plans promoting the employment of seniors and equal opportunity between men and women.

and wage increases

SA has a compensation policy as well as a system of job classifications and performance evaluations applied to all employees.

These procedures guarantee the principle of fairness as well as equal treatment of men and women employees.

All employees benefit

from a combination of fixed and variable incentive compensation benefits linked to Interparfums SA’s performance.

Profit-sharing

required by French law, Interparfums SA maintains a statutory employee profit-sharing agreement, which represents an important

component of compensation and motivation for all staff and reviewed every year.

plan and pension plan

employees of Interparfums SA benefit from a company savings plan which proposes several types of funds corresponding to the specific

projects of each.

Since 2017, it has adapted its plan by proposing an Interparfums stock ownership fund allowing employees to

take advantage of the growth of Interparfums’ shares under favorable tax conditions.

The amounts employees pay into this

fund are supplemented by an important contribution from the Company.

addition, a group retirement savings plan ( Plan d’Epargne Retraite Collectif or “PERCOL”) is available

to employees as a vehicle for preparing for their retirement and to which the Company contributes significantly.

Employees also

can transfer a portion of their unused annual vacation days into the Interparfums SA retirement savings plan.

defined contribution retirement plan contract (Article 83)

employees benefit from a supplemental defined-contribution retirement plan.

Participation in this plan is mandatory.

This individual

plan is funded by monthly employee and employer contributions, with the breakdown of these latter contributions freely determined.

Interparfums SA has decided to assist its employees in financing this supplemental retirement benefit, by assuming an important

percentage of these contributions itself.

Luncheon vouchers per day worked are given to cover lunch expenses.

Depending on the position in question, specific categories of employees are entitled to a company mobile phone and unlimited internet access.

Offering a Healthy and Environmentally Conscious Workplace

Since September 2022 our New York City office has been partnering with Fraîche to provide smart fridges that are stocked every day with high-quality and on-trend items curated from their local partner restaurants and brands.

Our New York City-based employees can have access to meals, drinks, and snacks and our Company gives each employee a daily credit to be used.

We are very glad to be part of the Fraîche journey.

Together we organize popular events on important milestones such as our Earth Day and co-facilitate webinars such as “Building a More Sustainable Workplace”.

European Based Operations

The strength of Interparfums SA’s organizational model lies in the small size of its teams and even distribution of ages and levels of responsibility, enabling it to benefit from a wide range of experience.

Employees are our main driver of value creation, and their fulfilment at work and their motivation are essential requirements for their development.

Caring Employer Committed to Everyone's Success

Interparfums SA is committed to living its values on a daily basis:

respect and benevolence, creativity, trust, commitment and loyalty, and has identified several key challenges, listed below, related to working conditions:

Developing a sense of belonging

Respect for social dialogue

Quality of working conditions

Concern for the health and safety of everyone

Work-life balance

All these challenges were formalized in 2022 in the “Responsible Employer” charter, which was brought to the attention of all employees and is available on the www.interparfums-finance.fr website.

The purpose of this document is to set out a framework within which everyone can operate.

Attentive and committed to the success of every employee, Interparfums acts on a daily basis, right from the recruitment process and throughout the life of employment by striving to:

preserve everyone's quality of life at work

give all employees the best possible chance of success.

Employee Support

In 2023 , an employee engagement survey was conducted in France.

The participation rate was 81.9 %, and the recommendation rate was 80.4 %, which is very satisfactory.

An action plan has been launched to meet employees’ expectations.

Smart fridges have been installed to give them access to healthy, seasonal and cost-effective food.

Internal communication has also been improved with the regular publication of newsletters.

Interparfums is one of the top companies in the Consumer Goods sector, according to ChooseMyCompany’s HappyIndex ® AtWork ranking.

Ranked 3 rd in the category for the 462 companies with more than ;

150 employees, this distinction confirms our constant efforts to offer a fulfilling professional environment focused on the well-being of our teams.

Based on key criteria such as professional development, working environment, management, recognition, purpose and sustainability, this ranking is based on the opinions of our employees.

It highlights our ongoing commitment to creating an inspiring working environment in line with our values.

The survey is due to be repeated at the beginning of 2025 .

Job Security, Working Hours and Wages

Interparfums SA has put in place pay rules as well as job classification and performance evaluation systems that are applied to all employees, which help guarantee fairness and equality.

Interparfums' policy is to pay all its employees a salary that ensures them and their families a better standard of living than the national average in the country in which they work.

In this context, the pay of Interparfums employees includes a fixed and a variable component, as well as exceptional bonuses paid on the basis of Interparfums SA’s results.

In France, Interparfums SA pays 100 % of the cost of the base health insurance plan for all employees (permanent, fixed-term, apprenticeship or professional trainees).

It applies to each employee as soon as he or she joins the workforce, with no waiting period.

A supplementary health insurance plan is also offered to all employees, with no waiting period, as soon as they join the workforce.

As the claims/contributions ratio has been positive for several years (due to compliance with the obligations of the responsible contract described in the French Social Security Financing Act and the specifications established in 2019 with the 100 % health reform, among others), certain consumption items have been significantly improved in 2024 in favor of employees.

In accordance with French law, a profit-sharing agreement was signed in 2001 .

For 2024 , as in previous years, a significant gross amount of around € 4 million is going to be redistributed to employees during the first quarter of 2025 .

Interparfums SA offers all its employees working in France (after 3 months with the company) a Company Savings Plan to encourage employee savings by offering several types of funds to suit individual projects.

Since 2017 , Interparfums SA has upgraded its plan by offering an “Interparfums Shareholder Fund,” enabling them to benefit from changes in the value of the Interparfums SA shares within an advantageous tax framework.

These payments into the Interparfums Shareholder Fund are accompanied by a substantial matching contribution from the company.

In addition, a Collective Retirement Savings Plan enables all employees to prepare for their retirement and to benefit from a substantial company contribution.

Employees also have the option of transferring part of their unused leave to the Collective Retirement Savings Plan each year.

Management employees benefit from a supplementary pension contract with defined contributions and compulsory membership.

This individual contract is funded by monthly employee and employer contributions, which are freely allocated.

Interparfums SA has chosen to help its employees build up this pension, which complement their retirement, by paying a significant proportion of the contributions.

Special pension arrangements are available for employees of Interparfums SA’s subsidiaries in Singapore and the United States.

Social Dialogue

For employees working in France, elections for staff representative organizations are held every four years, as required by law.

The Social and Economic Committee (“CSE”) was renewed in June 2023.

It is made up of 4 managerial staff, including a harassment officer.

The CSE meets once a month to be informed and consulted on strategic and organizational issues that have an impact on the employees.

Following the return of the CSE in June 2023, the "Health and Safety at Work" committee was re-established as a continuation of the previous Hygiene, Safety and Work Conditions Committee.

The committee is made up of two non-managerial staff and usually meets once a quarter.

An employee designated as responsible for health, safety and working conditions has been appointed internally.

A number of employees trained in first aid are trained every two years, and health advisers have also been appointed since the Covid pandemic started in 2020 .

Health and Safety

In 2024 , one work-related accident was recorded, which resulted in sick leave.

No occupational illnesses have been reported.

As Interparfums has no production site, the risk of work-related accidents is not significant.

In addition, Interparfums SA’s operations do not create safety hazards.

Our employees, who work mainly in the offices at our Paris headquarters, enjoy excellent working conditions.

In 2022 , the premises were transferred to a single site on rue de Solférino ,in a building renovated to the latest standards in terms of user comfort.

Smart systems mean everyone can manage their own lighting and ventilation.

The site is easily accessible by public transport, and its car park has bicycle spaces and two vehicle charging points.

In addition, Interparfums SA is particularly sensitive to the issue of good posture at work and the prevention of musculoskeletal risks.

Mobile employees are provided with good quality company cars, and all have IT equipment tailored to their needs.

Interparfums SA has also implemented several measures to maintain good working conditions for its employees, its service providers, and particularly those working permanently in its logistics warehouse.

These include:

a warehouse heated to 11 °C/ 51.8 °Fahrenheit (with the provision of suitable clothing, individual changing rooms and showers, premises with natural light, a dedicated and well-maintained lunch area, etc.

Following a review of workstations designed to measure difficult working conditions, no workstations have been identified as difficult.

Further, as part of the drive to prevent psychosocial risks, a counselling and psychological support service is available to employees via a dedicated toll-free number, in partnership with the Institut d'Accompagnement Permanent Psychologique et de Ressources (IAPR).

Involve Employees in High Impact Philanthropic Initiatives

Interparfums SA is also developing social initiatives in the following areas:

development of local economy

relations with educational organizations

funding for community projects.

In 2024 , Interparfums decided to support the Société des Amis des Musées d'Orsay et de l'Orangerie .

These museums are ideally located next to Interparfums SA’s headquarters, and their programs should enable employees to broaden their knowledge, arouse their curiosity and even discover new sources of inspiration as part of a “cultural vacation”.

Thanks to this partnership, they can discover the exhibitions and rich permanent collections of these two museums free of charge.

Long Term Support for Charity and Initiatives

Interparfums SA supports charities and organizations working in the fields of solidarity, children, fighting exclusion, healthcare and more by providing financial aid to help them carry out their projects.

Since 2018 , through the Givaudan Foundation, Interparfums has helped install 10 school infrastructures in Sulawesi, the Indonesian island where the patchouli specific to Montblanc Explorer Eau de Parfum is grown.

By 2023 , more than 1,200 children and 110 schoolteachers had benefited from this initiative.

In 2024 , Interparfums SA renewed its partnership with the Givaudan Foundation for the seventh consecutive year.

Also in 2024 , support was once again given to the CEW ( Cosmetic Executive Women) to finance volunteer beauticians caring for women suffering from cancer, and to EliseCare, which helps civilian populations affected by war.

Equal Treatment and Opportunities for All

With a management style that is very family-oriented and close to employees, everyone is free to share their ideas while respecting the company’s values.

Management attaches the utmost importance to ensuring that everyone understands and supports Interparfums SA’s strategy.

The flexibility of the organization, which is essentially made up of small teams, means that it can quickly adapt to any changes or developments in the external environment.

Sharing the “Interparfums spirit” also means that all employees adhere to and are aware of Interparfums SA’s ethical values, as well as ensuring that employees feel fulfilled at work and respect good working conditions.

This ethical commitment has been formalized in a “Business Ethics Charter,” to which everyone adheres and which particularly focuses on health, safety, discipline, risk prevention, harassment, respect for individual freedoms, sensitive transactions, fraud and business confidentiality.

Since 2017 , a charter on the “right to disconnect,” i.e., a French labor law provision that allows employees to ignore work-related communications, such as emails and phone calls, outside of their official working hours has also been in place, and every employee has signed up to it.

The Human Resources Department is particularly vigilant in each of its recruitments.

Only the skills, experience, qualifications and personality of candidates are taken into account when selecting new recruits.

Diversity of profiles, cultures, ages and genders is a source of strength for our teams, the company’s greatest asset.

Since 2019 , Interparfums has organized an annual disability awareness campaign.

On November 21, 2024, we were lucky enough to take part for the first time in “DuoDay,” a French national event that enables people with disabilities to discover the corporate world.

At Interparfums, 6 pairs were formed with company employees to discover our marketing, development and sales professions.

This day was a wonderful opportunity to share our savoir-faire, but also to change the way we look at disability and overcome prejudices.

Thanks to these awareness-raising campaigns and local support from the Human Resources teams, three employees have been recognized as disabled workers via the RQTH (Recognition as a Worker with a Disability).

Interparfums SA also contributes indirectly to the employment of people with disabilities and fights exclusion and discrimination.

In particular, it has chosen to work with a disability-friendly company for the packaging of its perfume boxes.

Employees Training

The quality of the work carried out by the teams is enhanced throughout.

the careers of our employees by training in order to maintain a high level of competence in all business categories.

To this end, Interparfums SA offers all its employees development plans enabling them to broaden their technical, managerial and personal skills.

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Item 1. Business