Interparfums, Inc. recently held its Annual Meeting of Shareholders and announced the election of two new members to its Board of Directors. The shareholders approved all proposals presented at the meeting, including the election of a Board of Directors consisting of eleven members, with the expansion of the number of directors from nine to eleven.
The two new directors elected to the Board bring significant leadership experience and industry expertise. Patrick Bousquet-Chavanne, an Independent Director, has over 35 years of international experience in the fast-moving consumer goods and retail sectors. Hervé Bouillonnec, Director and Chief Commercial Officer of Interparfums, USA LLC, oversees the commercial strategy and licensing acquisitions for the company's worldwide fragrance business.
In addition to the new appointments, shareholders also approved the compensation of the Company’s named executive officers and the cancellation of the “hook shares” held by Inter Parfums Holding SA, a wholly owned subsidiary of Interparfums, Inc.
Interparfums, Inc. operates in the global fragrance business, producing and distributing a wide array of prestige fragrance and fragrance-related products under license and other agreements with brand owners. The company manages its business in two operating segments, European based operations through its 72% owned subsidiary, Interparfums SA, and United States based operations through wholly owned subsidiaries in the United States and Italy.
The company's portfolio of prestige brands includes Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Donna Karan/DKNY, Emanuel Ungaro, Ferragamo, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, Longchamp, MCM, Moncler, Montblanc, Oscar de la Renta, Roberto Cavalli, and Van Cleef & Arpels, distributed in over 120 countries worldwide. Additionally, Goutal and Off-White will join the company’s fragrance portfolio in 2026. The market has reacted to these announcements by moving the company's shares -6.94% to a price of $107.91. For more information, read the company's full 8-K submission here.