Inter Parfums, Inc. and Diane Von Furstenberg Sign License Agreement for Fragrance and Beauty Products

Business Wire, May 30, 2002

Business Editors

NEW YORK--(BUSINESS WIRE)--May 30, 2002

Inter Parfums, Inc. (NASDAQ National Market: IPAR) today announced that it has entered into an exclusive worldwide license agreement with Diane von Furstenberg for the development, manufacturing and distribution of fragrance, cosmetics, skin care and related beauty products, to be sold under her trademarks: Diane von Furstenberg, DVF, Diane von Furstenberg The Color Authority, and Tatiana.

Designer and entrepreneur, Diane von Furstenberg has been on the American fashion scene since the mid 1970s when she launched her first fashion coup, the wrap dress. Some five million were sold globally, attesting to the designer's ability to innovate. Throughout her career, she embarked on many other ventures, including home fashion products, fragrances and cosmetics, retail shops, and book publishing. Today, Diane von Furstenberg has reestablished her name in the fashion arena. Her collection is distributed worldwide through the finest specialty and department stores.

Diane von Furstenberg had established a prosperous beauty and fragrance business which was at its peak in the late 1970s and mid 1980s. After having launched her signature fragrance Tatiana. She went on to create Diane von Furstenberg The Color Authority, a color cosmetics line, and later launched a second fragrance, Volcan d'Amour. In 1984, von Furstenberg sold the business to Beecham Pharmaceuticals, which landed subsequently at Revlon. Ten years later, she repurchased her name in the beauty category.

"Having my brand once again at the top of the fashion pyramid, and reinstated its spirit of freedom and sophistication, I am eager to build the DVF beauty brand," stated, Diane von Furstenberg. "I am impressed with the management, experience and success achieved by Inter Parfums and I am looking forward to working with them."

Jean Madar, Chairman & CEO of Inter Parfums, stated, "I have the greatest respect for Diane von Furstenberg and her design and merchandising talents. She also brings hands-on expertise in the interplay between the fashion and beauty/fragrance industries, all of which we will capitalize upon as we develop products bearing her trademarks. We will begin work immediately on a new prestige fragrance line, which will be in development over the next twelve to eighteen months. Ultimately, the program is expected to include cosmetics, skin care, beauty accessories and additional fragrances."

Inter Parfums, Inc. develops, manufactures and distributes prestige perfumes such as Burberry, S.T. Dupont, Paul Smith, Christian Lacroix, Celine, FUBU, Diane von Furstenberg as well as mass market fragrances, cosmetics and personal care products in over 100 countries worldwide.

Statements in this release which are not historical in nature are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from projected results. Such factors include effectiveness of sales and marketing efforts and product acceptance by consumers, dependence upon management, competition, currency fluctuation and international tariff and trade barriers and governmental regulation. Given these uncertainties, persons are cautioned not to place undue reliance on the forward-looking statements.