Inter Parfums Srl agreed to acquire Exclusive and worldwide license for production and distribution of Ferragamo brand perfumes from Salvatore Ferragamo S.p.A. (BIT:SFER) on July 7, 2021. The license will be effective from October 2021 and will last for 10 years with a 5-year optional term, subject to certain conditions. Inter Parfums Srl completed the acquisition of Exclusive and worldwide license for production and distribution of Ferragamo brand perfumes from Salvatore Ferragamo S.p.A. (BIT:SFER) on October 1, 2021. As per the transaction agreement signed, Inter Parfums is operating the Ferragamo fragrance business through a wholly-owned Italian company, based in Florence, with management and coordination of activities related to the license agreement, along with production, conducted in Italy.