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Inter Parfums Signs Deal with Van Cleef & Arpels

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By: Jamie Matusow

Editor-in-Chief

Fragrance maker Inter Parfums Inc. said its French subsidiary Inter Parfums SA has signed a license agreement with jewelry brand Van Cleef & Arpels. Financial terms were not disclosed.

Inter Parfums will make and distribute perfumes and related bath and body products with the Van Cleef & Arpels brand name. Van Cleef & Arpels is owned by luxury products maker Compagnie Financiere Richemont, based in Geneva, Switzerland. Both companies have an option to extend the 12-year deal for five years on or before June 1, 2018, if certain sales targets are met. YSL Beaute, Van Cleef & Arpels’ previous fragrance licensee, has agreed to terminate the deal early if Inter Parfums SA agrees to buy YSL Beaute’s inventory.
HCT Opens Factory in China

In November 2006, HCT Packaging opened a factory in the Dong Guan province in southern China. The manufacturing facility offers injection molding, injection blow molding and bi-injection equipment as well as a state of the art spray line with the capability to offer a comprehensive array of decorating styles.

September also saw the successful opening of a new showroom in Manhattan. In Europe, HCT opened the doors to its first Russian office in Moscow. In October, HCT West Coast relocated to a 5,500 square foot office in Santa Monica, CA. Further exciting expansions plans include a series of new factory partnerships, the most imminent being HCT Metals.

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