Company: IPAR
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001753926-25-000738
Chunk: 28

Company: INTERPARFUMS INC
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 7
Chunk 28
---
(309
)

—

Net cash used in financing activities

(38,435
)

(28,131
) 

Effect of exchange rate changes on cash

3,468

(1,317
) 

 Net decrease in cash and cash equivalents  

(28,816
)

(67,486
) 

Cash and cash equivalents - beginning of period

125,433

88,462

Cash and cash equivalents - end of period
 
$
96,617

$
20,976

Supplemental disclosure of cash flow information:

Cash paid for:

Interest
 
$
1,401

$
1,127

Income taxes

9,475

10,479
     
See notes to consolidated financial statements. 

Page 6    

INTERPARFUMS, INC. AND SUBSIDIARIES
 
Notes
to Consolidated Financial Statements
(Unaudited) 

1.
Significant Accounting Policies:   
 
The
accounting policies we follow are set forth in the notes to our consolidated financial statements included in our Form 10-K, which
was filed with the Securities and Exchange Commission for the year ended December 31, 2024. 

2.
Recent Agreements:   
 
Annick Goutal
 
In March 2025, we announced that our 72% owned French subsidiary, Interparfums SA, acquired all intellectual property rights relating to Maison Goutal held by Amorepacific Europe. Amorepacific Europe will continue to operate the Goutal Brand under an existing license agreement that expires on December 31, 2025, when Interparfums SA will begin commercial use of the fragrance brand. 

Coach
 
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