FOR IMMEDIATE RELEASE

INTER PARFUMS, INC. REPORTS 2012 FOURTH QUARTER AND RECORD

YEAR-END RESULTS

Announces 50% Increase in Cash Dividend

New York, New York, March 12, 2013: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported results for the fourth quarter and year ended December 31, 2012.

Fourth Quarter 2012 Compared to Fourth Quarter 2011:

Excluding the gain on the termination of the license, operating margin was 7.4% of net sales, compared to 4.8% of net sales in 2011; net income attributable to Inter Parfums, Inc. was $6.6 million, compared to $4.1 million and diluted earnings per share were $0.21, compared to $0.13.

Net sales for 2012 were a record $654.1 million or 6.3% ahead of $615.2 million in 2011. At comparable foreign currency exchange rates, net sales rose approximately 9.4%. As noted, reported results included a $198.8 million gain related to the termination of the Burberry license. After taxes and after allocation to the noncontrolling interest, the gain attributable to Inter Parfums, Inc. common shareholders’ aggregated $93.0 million. As a result, net income attributable to Inter Parfums, Inc. was $131.1 million or $4.26 per diluted share. Excluding the gain on the termination of license, net income attributable to Inter Parfums, Inc. in 2012 was $38.1 million or $1.24 per diluted share as compared to $32.3 million or $1.05 per diluted share in 2011.

Jean Madar, Chairman & CEO of Inter Parfums, commented, “The past year was highly eventful and productive for our Company. In addition to achieving record sales and earnings in the absence of new major product launches, we added two new license agreements with iconic luxury fashion houses, Karl Lagerfeld and Alfred Dunhill. The addition of these brands is representative of our growth strategy as we move into the next phase of our Company’s evolution.”

Mr. Madar continued, “Our 2012 sales benefitted from strong performances by several of our prestige brands. Notably, Montblanc sales increased 40%, driven by continued momentum of the extremely popular Legend men’s line, our best-selling fragrance for men across our entire prestige portfolio. Jimmy Choo continued to build upon the success of its signature scent with brand sales increasing 26% for the year. Also adding to our growth were sales of Boucheron fragrances during its first full year in our brand portfolio. Sales by U.S. operations benefitted from initial sales under our Anna Sui license, initial sales of travel amenities, plus new product launches and continued global distribution of specialty retail products, especially under the Banana Republic, Gap, and bebe brands.

“Looking ahead, we are extremely enthusiastic about our prospects for growth coming from our core brands, recent additions and hopefully new ones that may be added. In 2013 we have a full slate of product launches underway or planned. Flash by Jimmy Choo, Me by Lanvin and Desire by bebe have debuted, and we have new products in the pipeline for Van Cleef & Arpels, Boucheron, and Repetto, plus brand extensions, flankers and special items for the gift giving holiday season. Beyond this year, we are moving forward developing new fragrances for the Karl Lagerfeld and Alfred Dunhill brands for launch in 2014.”

Commenting on both the fourth quarter and full year, Russell Greenberg, Executive Vice President & Chief Financial Officer pointed out, “Over the course of 2012, the strength of the U.S. dollar had a material impact on sales and gross margin as the average dollar/euro exchange rate for the three and twelve months ended December 31, 2012 was 1.30 and 1.28, respectively, compared to 1.35 and 1.39 for the corresponding 2011 periods. Approximately 40% of European-based net sales are denominated in dollars, while corresponding costs are incurred in euro. For the year as a whole, gross margin as a percentage of net sales was flat as the benefit of the weaker euro was offset by sales of certain slow moving products sold at a discount. Selling, general and administrative expense as a percentage of net sales decreased primarily due to reduced promotional and advertising spending as compared to 2011 where there were several major new product launches including the largest product launch in our history for Burberry Body in the fourth quarter. Profitability was also impacted by a $1.8 million goodwill impairment charge related to our Nickel skin care business in 2012 versus 2011’s goodwill impairment charge of $0.8 million.”

Mr. Greenberg continued, “Our business generated cash flows from operating activities of approximately $61 million in 2012. In addition, in December 2012 we received the proceeds from the termination of the Burberry license which aggregated $236 million net of transaction costs and other agreed settlements. We entered the new year with over $367 million in working capital including approximately $307 million in cash and cash equivalents; and we continue to have no long-term debt. This financial strength positions us to execute our growth strategy by creating, producing and distributing new products for our existing brands and by potentially forming strategic alliances with and/or acquiring new brands.”

50% Increase in Cash Dividend

The Board of Directors of Inter Parfums authorized a 50% increase in the annual dividend to $0.48 per share. The next quarterly dividend of $0.12 per share will be paid on April 15, 2013 to shareholders of record on March 29, 2013.

Affirms 2013 Guidance

Mr. Greenberg concluded, “We remain confident in our guidance of $480 million in net sales resulting in net income attributable to Inter Parfums, Inc. in range of $0.90 to $0.92 per diluted share which factors in the impact of the transition agreement with Burberry through March 31, 2013 and the inclusion of Alfred Dunhill come April.” Guidance assumes the dollar remains at current levels.

Conference Call

Management will conduct a conference call to discuss financial results and business developments at 11:00 AM ET on Wednesday, March 13, 2013. Interested parties may participate in the call by dialing (201) 493-6749; please call in 10 minutes before the conference call is scheduled to begin and ask for the Inter Parfums call. The conference call will also be broadcast live over the Internet. To listen to the live call, please go to www.interparfumsinc.com and click on the Investor Relations section. Please go to the website at least 15 minutes early to register, and download and install any necessary audio software. If you are unable to listen live, the conference call will be archived and can be accessed for approximately 90 days at Inter Parfums’ website. We suggest listeners use Microsoft Explorer as their browser.

In the nearly 30 years since its founding, Inter Parfums, Inc. has been selected as the fragrance and beauty partner for a growing list of brands that include Burberry, Lanvin, Jimmy Choo, Van Cleef & Arpels, Montblanc, Paul Smith, Boucheron, S.T. Dupont, Balmain, Karl Lagerfeld, Repetto, Alfred Dunhill, Anna Sui, Gap, Banana Republic, Brooks Brothers, bebe, Betsey Johnson, and Nine West. Inter Parfums is known for innovation, quality and its ability to capture the genetic code of each brand in the products it develops, manufactures and distributes in over 100 countries worldwide.

Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. In some cases you can identify forward-looking statements by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would," or similar words. You should not rely on forward-looking statements because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings “Forward Looking Statements” and "Risk Factors" in Inter Parfums' annual report on Form 10-K for the fiscal year ended December 31, 2012 and the reports Inter Parfums files from time to time with the Securities and Exchange Commission. Inter Parfums does not intend to and undertakes no duty to update the information contained in this press release.

Regulation G, “Conditions for Use of Non-GAAP Financial Measures,” prescribes the conditions for use of non-GAAP financial information in public disclosures. The Company believes that our presentation of the non-GAAP financial information included in this release is important supplemental measures of operating performance to investors.

See Accompanying Tables

CONSOLIDATED STATEMENTS OF INCOME

(In thousands except per share data)

(Unaudited)

CONSOLIDATED BALANCE SHEETS

(In thousands except share and per share data)