Burberry ends talks with Inter Parfums

Burberry has announced that it is to terminate its tie-up with fragrance partner Inter Parfums.

The luxury fashion brand said it ended talks with Inter Parfums after failing to agree terms on a new operating model for its fragrance and beauty business.

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Earlier this month Burberry announced that it had served notice of its intention to terminate the licence agreement with Inter Parfums on 31 December 2012 but that discussions regarding a potential new deal were continuing.  

However on Friday Burberry said: “Discussions with Inter Parfums SA have ended. Burberry continues to pursue various strategic options to develop fully its fragrance and beauty business in the future.”

Burberry will pay Inter Parfums €181 million to extricate itself from the agreement.