PPage 56age 56 DCF and valuation pIndustry oaramevervieterws I Points of view from EY global sector Recent transactions in the perfume industry: the price of and other industry professionals scarcity The following table provides a non-exhaustive list of the license agreements in force in the fragrance sector today. Licensor Licensor business Licensee Licensee business Date of effect Royalty rate Status Abercrombie & Fitch Premium apparel Inter Parfums Inc. Perfume house 2016 n'a Active Alexander McQueen* Luxury fashion Coty Cosmetics 2016 n'a Active Boucheron Fine jewelry Inter Parfums Inc. Perfume house 2011 n'a Active Burberry Luxury fashion Inter Parfums Inc. Perfume house n'a 14% Expired Christian Lacroix Luxury fashion Inter Parfums Inc. Perfume house n'a 5.5% Expired Coach Luxury fashion Inter Parfums Inc. Perfume house 2016 n'a Active Dolce & Gabanna Luxury fashion Procter & Gamble Co.