What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2026-03-10 compared with 2025-03-11 · 330 added, 165 removed, 498 unchanged (50% of the section changed)

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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 consolidated majority owned subsidiary, Interparfums SA, maintains executive offices at 10 rue de Solférino, 75007 Paris, France.

Our telephone number in Paris is 331.5377.0000 .

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Sales and marketing office

Interparfums (Suisse) Sarl

Holds and manages certain brand names

Interparfums Korea Co.,

Distribution of prestige brands in the South Korea

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.

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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 68% of net sales for the year ended December 31, 2025.

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.

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

In addition, in March 2025 Interparfums SA

acquired all intellectual property rights relating to Goutal Paris held

by Amorepacific Europe.

Amorepacific Europe continued to operate the

Goutal brand under an existing license agreement that expired on December

31, 2025, and Interparfums SA began commercial use of the fragrance brand

on January 1, 2026.

United States Based Operations

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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.

In January 2026, we entered into a 20-year license

agreement for Nautica brand fragrances and fragrance related products, a

subsidiary of the Authentic Brands Group.

This license will become effective on

the earlier of January 1, 2030 or the termination of the existing license agreement.

Our rights under this license are subject to certain

minimum advertising expenditures and royalty payments as are customary in our

David Beckham

In January 2026, we entered into a 20-year

license agreement for David Beckham brand fragrances and fragrance related

products, a subsidiary of the Authentic Brands Group.

This license will become

effective on the earlier of April 1, 2028 or the termination of the existing

license agreement.

Our rights under this

license are subject to certain minimum advertising expenditures and royalty

payments as are customary in our industry.

In 2018, GUESS?, Inc.

and the Company signed an exclusive worldwide license agreement for the creation, the manufacturing and the distribution of fragrances under the GUESS brand until December 31, 2033.

In December 2025, the license agreement was renewed for an additional 15 years, extending the license through December 31, 2048.

In July 2025, we announced that our 72% owned

French subsidiary, Interparfums SA, signed an exclusive license agreement with

Longchamp, a Parisian Maison, through December 31, 2036.

Interparfums SA will

be responsible for the creation, development, production and distribution of

fragrance lines in Longchamp-brand points of sale and selective distribution

The first launch is expected in 2027.

rights under this license are subject to certain minimum advertising

expenditures and royalty payments as are customary in our industry.

In March 2025, we announced that our 72% owned

French subsidiary, Interparfums SA, acquired all intellectual property rights

relating to Goutal Paris held by Amorepacific Europe.

Amorepacific Europe

operated the Goutal brand under an existing license agreement that expired on

December 31, 2025, and Interparfums SA began commercial use of the

fragrance brand on January 1, 2026.

In 2015 , Coach and Interparfums SA signed an exclusive worldwide license agreement for the creation, the manufacturing and the distribution of fragrances under the Coach brand until June 30, 2026.

In March 2025, the license agreement was renewed for an additional 5-year term, extending the license through June 30, 2031.

Abercrombie & Fitch and Hollister

In March 2025, we expanded our Fierce distribution agreement, which now allows for a global distribution of the iconic Fierce fragrance line that either party may terminate on two year’s notice.

Furthermore, our existing Abercrombie & Fitch and Hollister fragrance license agreement will expire on March 14, 2028.

The goal of the updated Fierce distribution agreement is to drive, over time, more consistency between the products that are carried in the Abercrombie & Fitch stores and unaffiliated retailers.

2025 marked 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, and the opening of Interparfums SA’s first

boutique entirely dedicated to the brand at 310 Rue Saint-Honoré, a legendary

address for Parisian luxury, along with an e-commerce site at https://solferino-paris.com/en.

The launch of this new brand reflects the Company’s medium-term growth strategy

in the extremely buoyant high-end fragrance market.

The fragrance brand

was also launched initially through an ultra-selective distribution channel

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 expired on December 31, 2025 , when Interparfums SA began 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.

Van Cleef & Arpels

In 2006 , Van Cleef & Arpels and Interparfums SA signed a 12 -year worldwide license agreement to manufacture and distribute perfumes and related products under the Van Cleef & Arpels brand name, which was subsequently extended for a further six years until December 31, 2024.

In December 2024, the license agreement was renewed for an additional 9 -year term, through December 31, 2033.

Roberto Cavalli

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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.

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 management reviewed and agreed with an independent expert's conclusion that the fair value 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.

There were no impairment charges taken in 2025 and 2023.

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.

We are the owner of the Rochas brand, the Goutal brand, which was subject to an existing license that expired on December 31, 2025, the Lanvin brand name and trademark for our class of trade, Off-White, which was also subject to an existing license that expired on December 31, 2025, and the proprietary brand Solférino, a collection of niche fragrances which we launched in 2025.

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.

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Donna Karan/DKNY

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

In 2025 and 2024 , Macy's, our top retail customer, accounted for approximately10% and 12 % of net sales, respectively.

No one customer represented 10 % or more of net sales in 2023 .

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Abercrombie & Fitch

Extends until either party terminates on 3 years’ notice

March 14, 2028

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

December 31, 2025

December 31, 2027 for the main existing lines

June 30, 2031

David Beckham

December 31, 2047

Donna Karan/DKNY

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December 31, 2048

Extends until either party terminates on 3 years’ notice

March 14, 2028

December 31, 2031

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December 31, 2038

December 31, 2036

December 31, 2030, plus 4 optional years

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December 31, 2030

December 31, 2049

Oscar de la Renta

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Later in 2024 , we began distributing Fierce Pride.

I n March 2025, we

expanded our Fierce distribution agreement to allow for a

global distribution of the iconic Fierce fragrance line

that either party may terminate on two year’s notice.

Furthermore, our

existing Abercrombie & Fitch and Hollister fragrance license agreement

will expire on March 14, 2028.

The goal of the updated Fierce distribution

agreement is to drive, over time, more consistency between the products that

are carried in the Abercrombie & Fitch stores and unaffiliated retailers.

In 2025, we introduced a new fragrance duo, 100% Passion , and the Fierce Reserve extension.

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.

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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.

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

In 2025, we introduced Sundae Neon Twist , the newest scent within the Sundae fragrance family.

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.

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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.

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 second largest

in our portfolio.

Subsequent extensions have magnified the Coach fragrance

enterprise as have entirely new collections, including Coach Dreams

which debuted in early 2020, and its sister scents, Dreams Sunset and Dreams Moonlight , as well as Coach Wild Rose and Coach Open Road .

In 2025 we further enriched the men’s

and women’s lines with two new fragrances:

Coach Eau De Parfum for men which featured NBA superstar Jayson Tatum as the new face of

Coach fragrances, and Coach Gold for women which starred actress Storm Reid

as brand ambassador.

We have plans to launch new extensions in 2026.

part of the Tapestry house of brands.

David Beckham - In January 2026 we entered into an

exclusive, 20-year worldwide license agreement with David Beckham for the

creation, development, production, and distribution of fragrances under the

David Beckham brand.

agreement further strengthens our relationship with Authentic Brands Group

(“Authentic”), the company who co-owns and manages the David Beckham

Together, we will blend Beckham’s entrepreneurial influence with our

fragrance expertise to inspire a richer world of style and self-expression

through scent.

Guided by our dedication

to quality, innovation, and craftsmanship, we will strengthen the global

presence of Beckham’s existing fragrance lines and plan to unveil a new

signature fragrance by the end of 2029.

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.

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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.

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.

We have since expanded

the fragrance lineup with the 2024 launches of the Donna Karan Cashmere Collection and debut of DKNY 24/7 , our first blockbuster

fragrance with the fashion house.

In 2025 we released several new fragrances

across the Donna Karan and DKNY lines including:

Donna Karan Cashmere & Vanilla

DKNY Be Delicious Ice Pop collection, and DKNY 24/7 Rush and 24/7 Electric .

Several new captivating extensions and

collections are slated for 2026.

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

Emanuel Ungaro — In October 2021, we 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.

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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 .

Emanuel Ungaro fragrances uphold the same values of

audacity and elegance.

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 that we strengthened with the introduction

of Diva Rouge in 2023.

In 2025, we launched Cosmic Moon , the first extension from the Cosmic pillar that we

first introduced in 2024.

We are planning to further enrich the brand with

additional scents in 2026.

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.

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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 .

scents in the Ferragamo portfolio include Ferragamo , a collection of

fragrances for men, Signoria , a collection of fragrances for women, the Amo series and the Uomo series, which have

been further enhanced through the introduction of new fragrances.

In 2025 we released our first blockbuster fragrance with the

fashion house, Fiamma , and an extension for the Ferragamo family, Sublime Leather .

new extensions are in the works for 2026.

In March 2025, we acquired all intellectual property rights relating to Goutal

Paris held by Amorepacific Europe.

Annick Goutal is a French haute parfumerie

house founded on poetry, emotion, and craftsmanship.

Inspired by nature,

memories, and personal stories, the brand creates refined, expressive

fragrances using high-quality raw materials and artisanal know-how.

authenticity, elegance, and creativity, Annick Goutal perfumes favor sincerity

over trends, celebrating individuality and timeless beauty.

Each creation

reflects a delicate balance between artistic freedom and French perfumery

tradition, offering intimate, evocative scents with enduring emotional

The brand works exclusively with high-quality raw materials, combining natural

ingredients into creative olfactory combinations.

We plan to use 2026 to relaunch the existing Goutal Paris fragrance lines

which include resumption of distribution, shops, and to develop and prepare new

launches in 2027.

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.

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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.

for the creation, development and distribution of fragrances under the GUESS brand, which we recently extended until December 31, 2048.

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

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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.

Since joining our portfolio, we have introduced several new blockbuster scents, including Bella Vita , and Uomo, and Iconic, and have built on the Seductive pillar.

In 2025 we launched several new extensions across the brand’s fragrance families including Seductive Dream , La Mia Bella Vita , and most notably Iconic for men, further building upon the successful women’s Iconic fragrance.

In 2026, we plan to launch 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.

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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 .

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 accordance with our agreement with Abercrombie & Fitch Co., the existing Hollister fragrance license agreement will expire on March 14, 2028.

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.

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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.

Jimmy Choo has grown to become our largest brand with new pillars and extensions 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.

In 2025 we further elevated both men’s and women’s lines with two new extensions:

Jimmy Choo Man Extreme and Jimmy Choo I Want Choo With Love .

In 2026 we are set to roll out new extensions to advance the ongoing growth of the brand.

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.

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

Since joining our portfolio, we have expanded the legacy fragrance families with new extensions, and have also launched the blockbuster fragrance Rouge as well as Ikonik , with its bottle design inspired by the late Karl Lagerfeld himself.

In 2025 we launched two separate dual gender duos:

Karl Lagerfeld Jeans Urban Pink and Urban Blue , and the two newest scents within the Les Parfums Matières family, Bois De Santal and Fleur d’Iris .

In 2026 we plan to launch two new fragrance duos for existing fragrance lines.

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.

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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 .

We have continued to enrich the collection with extensions, including Kate Spade Sparkle, Kate Spade Cherie, as well as two new fragrances in 2025 − Chérie Je T’aime and Kate Spade New York Pop .

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.

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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.

The Lacoste license took 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 enriched the Original line with a new men’s fragrance, Original Parfum , and the line’s first women’s fragrance, Original Femme .

We also launched a new L.12.12 dual gender duo, Silver Rose and Silver Grey .

In 2026, we will further expand the Lacoste fragrance lines with additional extensions, leveraging the strong foundation we’ve built in our first two years overseeing the brand.

Sales of Lacoste fragrances exceeded our internal estimates and passed the $100 million in 2025 .

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

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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.

Two new initiatives are planned in late 2026 and early 2028.

Longchamp — In July 2025, we signed an exclusive license agreement with Longchamp, through December 31, 2036.

Interparfums SA will be responsible for the creation, development, production and distribution of fragrance lines in Longchamp-brand points of sale and selective distribution channels.

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

Longchamp is a French luxury brand founded in 1948, renowned for its craftsmanship, authenticity, and modern creativity.

Family-owned, the Maison blends heritage savoir‑faire with innovation, offering leather goods, accessories, and ready‑to‑wear designed for active, elegant lifestyles.

Longchamp values sustainability, durability, and timeless design.

Its distribution combines a strong global retail network of boutiques, a selective wholesale presence, and a robust e‑commerce platform, ensuring both exclusivity and accessibility worldwide.

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.

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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.

In 2023, we debuted our first ever men’s scent, MCM Onyx , inspired by the brands beloved bags and later enriched the fragrance line with MCM Crush , MCM Diamonds , and the limited addition MCM fragrance encrusted with Swarovski crystals.

In 2025 we launched a brand new six-scent collection, MCM Collection , inspired by the brands iconic animals.

In 2026, we’ll debut new extensions designed to energize and expand the brand.

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.

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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 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 extensions including Legend Night , Legend Spirit, Legend Red , and most recently the 2024 launch of Legend Blue .

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.

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.

In 2020, we introduced the women’s line, Signature .

In 2024 we introduced the four-scent Montblanc Collection, and award winning singer and songwriter, John Legend, became the new ambassador of the Legend fragrance franchise.

In 2025 we launched new men’s and women’s fragrances including the Montblanc Explorer extension, Explorer Extreme , the Montblanc Collection extension, Star Oud , and Signature extension, Elixir .

In 2026, we plan to introduce new extensions that reflect and reinforce the brand’s established vibrancy.

In January 2026, we entered into an exclusive,

20-year worldwide license agreement with global lifestyle brand Nautica for the creation, development, production,

and distribution of fragrances under the Nautica brand name.

world-renowned for bringing the inspiration of the sea to everyday style.

We are thrilled to collaborate with this

global lifestyle brand to enrich their existing portfolio and develop new

fragrances that channel the maritime spirit in a modern and accessible manner.

We estimate that total annual sales of the Nautica fragrance portfolio will

exceed $70 million in the first years under our management.

Interparfums will

assume full global responsibility for Nautica fragrances effective January 1,

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.

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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.

We plan to use 2026 for the initial development of the brand's fragrances and currently expect the first launch to be in 2027.

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.

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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 .

In 2021, we debuted an entirely new fragrance pillar, Alibi, Alibi Eau Sensuelle , and more recently the Alibi Pop three-scent collection.

We launched an extension to the Bella franchise, Bella Soleil, in 2025.

We plan to roll out new extensions in 2026.

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.

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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.

We began shipping new freshly produced goods in February 2024.

In 2025, we introduced an exciting and diverse lineup of fragrances as well as hair and body mists.

Launches in 2025 featured the Gold Collection extension , Tobaccomore, Paradiso extension, Paradiso Rosa , the striking three‑scent Marbleous sub-collection, the dual gender Just Cavalli Give Me Magic fragrance duo, and, at the forefront, the blockbuster debut of Roberto Cavalli Serpentine .

In 2026, we plan to introduce new extensions that reflect and reinforce the brand’s established allure, supporting continued momentum.

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

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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 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.

Over the next few years, we debuted extensions 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 and L’Homme Rochas debuted in early 2020 and Rochas Girl in 2021.

We have added more extensions across these pillars in recent years including Eau de Rochas Citron Soleil , Rochas Girl Life , Eau de Rochas Orange Horizon , and Mademoiselle Rochas in Paris .

In 2025, we launched the blockbuster fragrance, Rochas Audace , and added an extension to the Eau de Rochas line, Néroli Azur .

New extensions across several of the brand’s lines are scheduled for release in 2026.

Solférino — 2025 marked 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.

Our first boutique entirely dedicated to the brand opened to the public in September 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.

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

In 2026, we plan to add an 11th fragrance to the collection and will ramp up international distribution of the brand.

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 2018 , we renewed our 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.

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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.

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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.

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This license became effective in July 2023.

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.

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 expired on December 31, 2025, when Interparfums SA began commercial use of the fragrance brands.

In March 2025 our 72% owned French subsidiary, Interparfums SA, acquired the Goutal fragrance brand, and in July 2025 Interparfums SA signed an exclusive license agreement with Longchamp, a Parisian Maison, through December 31, 2036.

In early 2026 we signed two license agreements for Nautica and David Beckham.

As of December 31, 2025, we had cash, cash equivalents and short-term investments of approximately $295.2 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.

We identify prestige brands that can be developed and marketed into 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 .

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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.

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, South Korea 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.

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

Choose suppliers

Choose suppliers, including glass and mold development with the concerned component suppliers

Schedule production and packaging

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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)

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, BPS60, BPS02, CPC, Biopack , SDPP Samur )

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

J3P SBG Packaging Group), pumps (Silgan Dispensing Systems Thomaston Corp, Aptar, Rexam) or boxes (Wauters, Autajon MMP, Group Toruneville, Pusterla, Nortier, Egisa, Verpack, Diamond Packaging, TPC Printing)

Logistics (MM Operations Srl, formerly known as DiFarco, Clarins, ADS and CEVA 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.

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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.

Data regarding our regional sales offices in Geneva, Dubai and Hong Kong is in the process of being incorporated 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.

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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/ .

Additional detailed information on Interparfums, Inc.'s ESG efforts, including our ESG Reports, can be found on our Company's ESG Dashboard at https://www.interparfumsinc.com/esg .

Additional information published by our French based subsidiary, Interparfums SA, including their ESG 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.

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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.

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, South Korea 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.

Approximately 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.

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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.

For our United States based 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.

In addition, the business of our United States based 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.

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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).

Our United States based 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 €25 million (approximately $29.4 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.

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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.

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Abercrombie & Fitch

David Beckham (commencing in 2028)

Donna Karan/ DKNY

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Karl Lagerfeld

Nautica (commencing in 2030)

Oscar de la Renta

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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.

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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.

Ensuring that all employees feel safe and supported at work is a top priority.

We require all US employees to participate in comprehensive anti-harassment training.

For issues such as allegations of harassment or discrimination, our United States Employee Handbook outlines a grievance mechanism so that incidents are reported directly to employees’ supervisor or the Chief Human Resource Officer.

Supervisors are required to notify the Human Resources Department immediately upon receiving any reports of harassment, and we prohibit any form of retaliation against employees for filing good faith complaints under our policy.

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.

We welcome new employees through a structured onboarding process to ensure that they seamlessly integrate into the Interparfums workplace and culture.

Our goal is to provide a warm and welcoming environment from our employees’ very first day.

Our buddy program pairs tenured employees with new hires to welcome them and facilitate the onboarding process during their first three months.

This role is intended to supplement employees’ managers to help grasp our ways of working and workplace culture.

In Italy, our employee onboarding process includes a welcome day with training on company history and values, cross-functional team meetings, and a new employee team dinner.

We also have an onboarding program in the United States, which includes departments across the organization, gain insight into how our fragrances are created, and develop a strong understanding of our culture, values, and ways of working.

Designed to support connection and engagement, these sessions help set our employees up for long-term success.

Newcomer’s Week also creates space for open dialogue, knowledge sharing, and relationship building, reinforcing our commitment to collaboration and a strong sense of belonging from day one.

Beyond onboarding, we continue to foster a sense of collaboration and innovation among our employees with our annual seminars for all global employees.

This provides a platform for our employees to present a comprehensive perspective on our brands, products, and marketing strategies to facilitate greater alignment across the company.

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.

Our greatest asset, and the key to our success, is our people.

Our employees come to Interparfums to build legacies, not just careers.

This is exemplified by our executive leadership team, many of whom have shaped our journey for decades.

Newer leaders, such as our Chief Financial Officer and Chief Human Resources Officer, have also integrated into our longstanding culture and have contributed greatly to our success.

For new employees, our Human Resources team created a new employee welcome guide to provide support resources for new hires at multiple stages of their first year of employment with Interparfums.

We continue to support our employees with a performance management program, which is initiated by our Human Resources Office and owned by the employees themselves.

This program is designed to drive individual performance and organizational effectiveness by aligning individual and company objectives.

Employees set their business and career development goals, so they are empowered to take advantage of professional advancement possibilities.

By integrating individual goals, continuous feedback, and career development milestones, we are nurturing careers that will drive our success.

Finally, we emphasize our core values of entrepreneurship, creativity, and passion by bringing together experienced team members with institutional knowledge alongside newer hires with fresh perspectives.

To recognize employee tenure, we introduced an Employee Anniversary Program to acknowledge employees who have been with us for 3, 5, 10, 15, 20, or 25 and more years.

Employees reaching these milestones receive recognition and are invited to join CEO Jean and the Leadership Team for a celebratory lunch or toast.

Performance Evaluation System

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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 goal is to build a culture where our employees feel included, engaged, and motivated.

To learn about what drives our employees and to understand their priorities, we issued two companywide Engagement Surveys in 2025.

These surveys give us critical insights into the needs of our employees.

Based on the results, our HR team was able to design People & Talent initiatives with a focus on onboarding, performance, internal communications, and company culture.

The results of these surveys were also shared with employees during Town Hall meetings to facilitate a deeper conversation.

These presentations give employees the opportunity to present Company performance results, function updates, share wins and successes, and provide a forum for Q&A.

Our employee engagement is not just led from the top;

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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.”

Awards were presented to employees voted “Ace of Spades”, “Club of Consistency”, “Heart of Gold”, “Jack of Innovation”, “Wildcard Wonder “, based on our “Casino” party theme.

In Italy, we implemented remote working two days per week and flexible working hours (different start and end times for employee’s workday).

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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.

Interparfums provides employees with a number of competitive financial and non-financial benefits.

Our full-time US-based employees are provided an increasingly attractive employment package 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).

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 (transport and mobility, education, health, culture and leisure time, supplementary pension, fringe benefit).

Ten paid hours per year are allocated for medical appointments.

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.

Lunch vouchers per day worked are given to cover lunch expenses.

Depending on the position, specific categories of employees are entitled to a company mobile phone and unlimited internet access.

In our New York office, Fridays are work-from-home, with reduced “Summer Fridays” working hours between Memorial Day and Labor Day weekend.

In Italy, we implemented remote working two days per week with flexible working hours throughout the week.

Offering a Healthy and Environmentally Conscious Workplace

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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”.

We are also doing our part to facilitate sustainability initiatives within our office.

As part of our New York office’s Earth Day celebration, we circulated updated resources on our in-office recycling program.

The New York office also continued its recycling initiative with color-coded bins and printed sorting instructions to facilitate the appropriate disposal of everyday items.

Our Italy office also maintains an office recycling program.

Our Information Technology ("IT") department coordinated two partnerships to facilitate the return and responsible disposal of electronics.

The first was with Regentech USA, a computer recycling company, to recycle unused electronics.

The second was Computer 4 People, a nonprofit that seeks to refurbish donated electronic devices and provide opportunities to individuals and communities to thrive in the digital age.

These partnerships help us act as responsible citizens and find the best pathways for our unused or unneeded electronics.

European Based Operations

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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 .

In 2025, I nterparfums conducted an employee engagement survey across France and its subsidiaries.

The participation rate reached 82.5%, while the employee recommendation rate stood at 91.4%, reflecting a very high level of engagement and an improvement compared to the 2023 survey.

Several initiatives were implemented during the year to enhance employee well‑being, including the installation of smart fridges to provide access to healthy, seasonal, and affordable food.

Internal communication was also strengthened through the regular publication of newsletters.

In addition, Interparfums was ranked second among the top five companies in its sector in ChooseMyCompany’s HappyIndex®AtWork ranking.

This recognition, based entirely on employee feedback covering criteria such as professional development, working environment, management, recognition, purpose, and sustainability, highlights the Group’s continued commitment to fostering a positive and motivating workplace aligned with its values.

The next employee engagement survey is scheduled for early 2027.

Job Security, Working Hours and Wages

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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 .

In accordance with French legislation, a profit‑sharing agreement has been in place since 2001.

Additionally, a significant gross amount of €4.35 million ( €5.2 million including social charges) was distributed to employees during the first quarter of 2025 related to a performance-based free share plan granted to employees which was implemented in 2022.

A new performance-based free share plan was implemented in December 2025 which an expected payout upon vesting in March 2029.

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.

10 unchanged sentences

The Social and Economic Committee (“CSE”) was renewed in June 2023.

It is made up of 4 managerial staff, including a harassment officer.

It consists of three management staff members, including a designated 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.

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Health and Safety

In 2024 , one work-related accident was recorded, which resulted in sick leave.

In 2025, three work-related accidents were recorded with no sick leave.

No occupational illnesses have been reported.

As Interparfums has no production site, the risk of work-related accidents is not significant.

As Interparfums has no production site, the risk of work-related accidents is not material.

In addition, Interparfums SA’s operations do not create safety hazards.

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funding for community projects.

In 2024 , Interparfums decided to support the Société des Amis des Musées d'Orsay et de l'Orangerie .

Beginning in 2024 and continuing through 2025, 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.

Additionally in 2025, Interparfums decided to support the Tara

Ocean Foundation over a three‑year period.

The scientific

schooner Tara embarked on an 18‑month expedition to the Coral

Triangle, a marine area located in the Asia‑ Pacific reg ion;

to understand why and how certain

corals are able to withstand global warming, and to help inform future

conservation strategies.

Long Term Support for Charity and Initiatives

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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).

On November 20, 2025, Interparfums had the opportunity to take part for the second time in DuoDay, a nationwide French initiative designed to help people with disabilities discover the corporate world.

On this occasion, six duos were formed between participants and Interparfums employees, providing insight into our marketing, development, and sales roles.

This initiative offered a meaningful opportunity to share our expertise while fostering greater awareness, challenging perceptions of disability, and helping to break down stereotypes.

Thanks to these awareness-raising campaigns and local support from the Human Resources teams, four 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.

5 unchanged sentences

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

What changed 10-K

Item 1. Business