PERFUMARIE Forms Joint Venture With INFRA-APPAREL GROUPE To Bring Its Luxury Beauty Portfolio Into Asia

NEW YORK and SHANGHAI,Dec. 22,2020 -- INFRA-APPAREL GROUPE LIMITED ("INFRA"),a consumer-centric boutique brand house at the cynosure of aspirational luxury innovation,and PERFUMARIE INC. ("Perfumarie"),a brand incubator for sensory companies from around the world,today announced a newly created Joint Venture ("JV" or "Perfumarie Asia") to expand Perfumarie's reach into Asia.

The JV will exclusively operate Perfumarie in Greater China (including Mainland China,Hong Kong SAR,and Macau SAR) Taiwan and Singapore. Perfumarie will leverage INFRA's expertise in scaling-up luxury brands in the region to extend its reach into the Asian market. Through this partnership,Perfumarie evolves its strength in curating,incubating,and developing products on a global scale.

Inspired by its home studio and private club in SoHo,NYC,Perfumarie Asia will showcase its brand portfolio via dynamic,immersive experiences in shoppable,retail labs. The multi-sensorial gathering spaces designed byAvroKO,a world-renowned interior design firm,will serve as a gathering space for collectors,artisans,and innovators in fragrance,flavor,technology,and art.

Richard "Ricci" Kisembo,Chief Executive & CMO of INFRA,commented:"Perfumarie creates a foundation for INFRA's Scent & Complexion business as well as INFRA's next-generation Selective Retailing concept,and we are excited with this partnership. Mindy has developed Perfumarie into an innovative purveyor and incubator of scent and complexion. INFRA believes that Perfumarie's overarching model is the future of individually experiencing visceral scent driven products."

Mindy Yang,Founder & CEO of Perfumarie,commented:"China's fragrance market will be worth $1.7bn by 2023. With connection,community,and commerce as our pillars,Perfumarie is thrilled to partner with INFRA. Perfumarie will continue to curate,develop unique products,and support clean,sustainable,functional,technical,women and minority-owned brands for Perfumarie Asia."

The Boards of Directors of INFRA and Perfumarie have approved the terms of the JV transaction. The JV will be based in Singapore,with subsidiaries in Shanghai,and conditional on regulatory approval from Chinese governmental authorities,NDRC,MOFCOM,and SAFE,before July 31,2021.

The first Perfumarie digital retail store in China will launch next Summer,followed closely with two flagship locations in Shanghai and Beijing in mid-Fall of 2021.

INFRA

INFRA is a consumer-centric brand house at the cynosure of aspirational luxury innovation and holds vested interests in a portfolio of global fashion and lifestyle brands. INFRA brings a wealth of experience in digital marketing,e-commerce operations,and building successful joint ventures in Greater China. INFRA,together with its affiliates,are Joint Venture partners to Ted Baker in Greater China,operating 20+ Flagship retail stores and e-Commerce.

PERFUMARIE

Founded by Mindy Yang,Perfumarie (@DearPerfumarie) is a brand incubator,innovation agency,and retail lab for sensory ventures based in New York City.

INFRA & PERFUMARIE CONTACTS

INFRA:

RICHARD KISEMBO

+1-646-572-853

communicatie@infra-apparel.com

www.infra-apparel.com

PERFUMARIE:

MINDY YANG / PERFUMARIE MEDIA

+1-646-595-1627

media@perfumarie.com

www.perfumarie.com