Interparfums is a licensee, not a brand owner, for most of its portfolio. A brand such as Montblanc or Coach grants it exclusive worldwide fragrance rights for 10 to 20+ years. Interparfums funds product development, packaging, production (through contract suppliers), advertising, and distribution, and pays the brand a royalty on sales plus minimum marketing commitments. Revenue comes from wholesale sales to retailers and distributors; profit depends on gross margin (63.6% in 2025) minus royalties and heavy advertising spend. Owned trademarks such as Lanvin fragrances, Rochas, and Solférino carry no royalty.