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Inter Parfums, Inc. Announces the Closing of Its Rochas Brand Acquisition

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NEW YORK--(BUSINESS WIRE)--Inter Parfums, Inc. (NASDAQ GS:IPAR) today announced that its majority owned Paris-based subsidiary, Interparfums SA closed on its Rochas brand acquisition effective May 29, 2015, in accordance with the terms of the agreement with Procter & Gamble Co. dated March 19, 2015. Interparfums completed the acquisition for $108 million, excluding inventory, financed by a €100 million loan repayable over five years, subject to standard covenants. Based on currently low inv

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