NEW YORK (AP) -- Fragrance maker Inter Parfums Inc. said Tuesday it signed a 12-year worldwide license agreement with luxury shoe and handbag maker Jimmy Choo.
The deal starts Jan. 1.
Inter Parfums is the exclusive worldwide licensee for Burberry, Van Cleef & Arpels, Paul Smith and S.T. Dupont and also produces and supplies mass-market fragrances.
Shares of Inter Parfums fell 44 cents, or 3.7 percent, to $11.56 during midday trading. The stock has traded between $3.50 and $13.44 during the past 52 weeks.
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