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Will pay Inter Parums more than $220 million for the rights.
July 17, 2012
By: TOM BRANNA
Editor
Burberry will pay 181 euros ($221.5 million at current exchange rates) to buy out the license rights for its fragrance and beauty products from Inter Parfums SA, effective Dec. 31. “To maintain flexibility in pursuing its objective to develop fully this business in the future, Burberry has served notice of its intention to terminate the license agreement with effect from December 31, 2012,” Burberry stated. The two companies had been in talks since December 2011 about...
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