822663--3/15/2006--INTER_PARFUMS

related topics

{customer, product, revenue}

{condition, economic, financial}

{acquisition, growth, future}

{regulation, government, change}

{product, liability, claim}

{system, service, information}

{operation, international, foreign}

{property, intellectual, protect}

{operation, natural, condition}

{product, market, service}

{cost, regulation, environmental}

We are dependent upon Burberry for a significant portion of our sales, and the loss of this license will have a material adverse effect on us. We are dependent upon the continuation and renewal of various licenses for a significant portion of our sales, and the loss of one or more licenses could have a material adverse effect on us. If we are unable to protect our intellectual property rights, specifically trademarks and brand names, our ability to compete could be negatively impacted. The success of our products is dependent on public taste. We are subject to extreme competition in both the prestige and mass markets. Consumers may reduce discretionary purchases of our products as a result of a general economic downturn. We are dependent upon Gap to approve and sell products that we develop for Gap. In addition, we anticipate incurring expenses prior to any products being launched and the initial lines of products are not scheduled to be launched until 2006 and 2007. If we are unable to acquire or license additional brands, or obtain the required financing for these agreements and arrangements, the growth of our business could be impaired. We may engage in future acquisitions that we may not be able to successfully integrate or manage. These acquisitions may dilute our stockholders and cause us to incur debt and assume contingent liabilities. We are dependent upon Messrs. Jean Madar and Philippe Benacin, and the loss of their services could harm our business. Our reliance on third party manufacturers could have a material adverse effect on us. Our reliance on third party distributors could have a material adverse effect on us. The loss of or disruption in our distribution facilities could have a material adverse effect on our business, financial condition and operating results. The international character of our business renders us subject to fluctuation in foreign currency exchange rates and international trade tariffs, barriers and other restrictions. Our business is subject to governmental regulation, which could impact our operations. We may become subject to possible liability for improper comparative advertising or Trade Dress.

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822663--3/15/2006--INTER_PARFUMS_INC