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December 26, 2012
08:01 EDTPG, IPARInter Parfums signs exclusive license agreement for Alfred Dunhill fragrances
Inter Parfums (IPAR) announced that it has entered into a ten-year exclusive worldwide fragrance license to create, produce and distribute perfumes and fragrance-related products under the Alfred Dunhill Limited brand. The agreement commences on April 3, 2013 and replaces a previous license agreement with Procter & Gamble (PG) that terminates on April 3, 2013. Inter Parfums will take over production and distribution of the existing Alfred Dunhill fragrance collections. Sales of current fragrances are planned for Spring 2013 and a new menís scent is contemplated for 2014.
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08:46 EDTPGProcter & Gamble repeats FY16 guidance in presentation slides
Sees FY16 core EPS growth down slightly to up mid single digits, all-in EPS growth up 53%-63%. Sees FY16 core operating profit up mid to high single digits. Sees FY16 organic sales growth in line to up low single digits, all-in sales growth down high single digits. Sees currency down 5%-6%, Venezuela and minor brand divestitures down 2%-3%. Sees FY16 share retirement/repurchases $8B-$9B, dividends over $7B, cash returned to shareholders $15B-$16B. Comments from slides being presented at the Morgan Stanley Global Consumer and Retail Conference.

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