

                                                                   EXHIBIT 10.87

                                    BURBERRY



Date:


Inter Parfums, S.A.
4-6 Rond Point Des Champs-Elysees
75008 Paris
France

For the attention of: Philippe Benacin

and

Inter Parfums, Inc.
551 Fifth Avenue
New York
NY 10176-0198
USA

For the attention of: Jean Madar


Dear Sirs,

AMENDMENT  NO. 11 - LICENCE  AGREEMENT  BETWEEN (1) BURBERRY  LIMITED  (FORMERLY
BURBERRYS LIMITED) ("BURBERRY") AND (2) INTER PARFUMS, S.A. (THE "LICENSEE") AND
(3)  INTER  PARFUMS,  INC  (FORMERLY  JEAN  PHILIPPE   FRAGRANCES,   INC.)  (THE
"GUARANTOR") DATED 15 JULY 1993 (AS AMENDED) (THE "AGREEMENT")

Burberry,  the  Licensee and the  Guarantor  agree that the  Agreement  shall be
amended as set out below with effect from 1 October 2001.

1.    The  following  provision  shall be  inserted in the  Agreement  after the
      existing Clause 1.4 as a new Clause 1.4A:

      ""BABY PRODUCTS" shall mean all Licensed Products which are baby fragrance
      and toiletry products;"

2.    Clause  1.1.18 of the  Agreement  shall be amended by the insertion of the
      words "and baby  fragrance and toiletry  products"  immediately  after the
      words "personal fragrances".

3.    Schedule  1 of the  Agreement  shall be amended  by the  insertion  of the
      following words at the end thereof:

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      "C.   BABY LICENSED PRODUCTS

      (a)   Eau de Toilette Natural Spray

      (b)   Baby Wash

      (c)   Massage Oil"

4.    The following  provisions  shall be inserted in the Agreement  immediately
      after the existing Clause 6.40 as new Clauses 6.41, 6.42 and 6.43:

      "6.41 comply with all  applicable  laws,  statutes,  by-laws,  directives,
            decisions,  regulations, rules, orders, and notices having the force
            of law in the  Territory  and any codes of practice  and  regulatory
            advice  (together the  "Regulations")  insofar as they relate to the
            Baby Products including, but not limited to, the following:

            (a)   the  Licensee  shall hold at the address  that  appears on the
                  packaging  of the Baby  Product a dossier  in  respect of each
                  Baby Product (the  "Dossiers").  The  Dossiers  shall  contain
                  product  information  including,  without  limitation,  safety
                  assessment  data and  details of the  composition  of the Baby
                  Product in question;

            (b)   the Licensee  shall appoint a designated  individual who shall
                  be responsible  for preparing,  maintaining  and up-dating the
                  Dossiers (the  "Designated  Individual").  The Licensee  shall
                  notify   Burberrys  within  30  days  of  the  appointment  or
                  replacement  of  such  individual  of the  name,  address  and
                  contact   telephone   numbers   of  the   current   Designated
                  Individual;

            (c)   the  Licensee  shall  maintain  (i) a proper  and  appropriate
                  procedure for monitoring,  recording,  managing and responding
                  to all complaints and (ii) a product recall procedure, in each
                  case to monitor any undesirable  effects and adverse reactions
                  on  consumers  caused  by  the  Baby  Products  (together  the
                  "Procedures").  The  Procedures  shall specify  details of the
                  individuals  within the Licensee's  organisation who have been
                  given   overall   responsibility   for  their   implementation
                  including,   without  limitation,   their  names  and  contact
                  telephone numbers;

            (d)   the Licensee  shall submit a draft copy of the  Procedures  to
                  Burberrys for Approval by 31 January 2002.  Any  amendments to
                  such  Procedures  shall also be  submitted  to  Burberrys  for
                  Approval;

            (e)   the Licensee shall review the Procedures  regularly and in any
                  event at least once per calendar year; and

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            (f)   the Licensee  shall procure that all  appropriate  safety data
                  and  information  shall  be sent on a  confidential  basis  to
                  Poison Control  centres and other relevant  authorities as may
                  be required by any Regulation;

      6.42  within 30 days of receipt of a request from Burberrys,

            (a)   certify  in  writing  to  Burberrys  that (i) all  Regulations
                  insofar as they relate to the Baby Products,  the Dossiers and
                  the Procedures  have been complied with; and (ii) all required
                  registrations,   consents,   approvals,   certifications   and
                  submissions  in respect  of the Baby  Products,  Dossiers  and
                  Procedures have been obtained by the Licensee; and

            (b)   provide copies of supporting  documentation providing evidence
                  to  the   reasonable   satisfaction   of   Burberrys  of  such
                  compliance; and

      6.43  permit Burberrys to inspect all  documentation  relating to the Baby
            Products  including,  but not limited to,  formulae  and data at any
            time  during  normal  business  hours for the  purposes  of ensuring
            compliance of the Licensee  with the  Agreement and all  Regulations
            and the Licensee  shall grant  Burberrys  access to its premises for
            the purposes of permitting  Burberrys to carry out this  inspection.
            In  carrying  out such  inspections,  Burberrys  will  endeavour  to
            minimise any  disruption  to the normal  business  operations of the
            Licensee."

5.    The words "and/or" at the end of Clause 12(b) shall be deleted and the "."
      at the end of Clause 12(c) shall be deleted and replaced by ";".

6.    The following  provisions  shall be inserted in the Agreement  immediately
      after the existing Clause 12(c) as new Clauses 12(d) and 12(e):

      "(d)  to require that:

            (i)   all Baby Products  start being  withdrawn from sale as soon as
                  possible and in any event within 24 hours of a written  notice
                  of such  requirement  of  Burberrys in the event that any Baby
                  Product   does  not  comply  with  its   specifications,   any
                  Regulation  or any  requirements  under  this  Agreement  (the
                  "Notice"); and

            (ii)  all Baby Products  start being  withdrawn from the premises of
                  all Stockists and Distributors within 48 hours of the Notice.

                  For the avoidance of doubt, any Notice issued pursuant to this
                  Clause 12(d) shall be signed (or, in the case of email,  sent)
                  by the  Chief  Executive  Officer,  Chief  Operating  Officer,
                  Global Director of

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                  Business  Development,  Director of  Licensing  or the General
                  Counsel of Burberrys; and/or

            (e)   in the event of any failure to comply with the  provisions  of
                  Clauses  6.41,  6.42 or 6.43,  to terminate  the rights of the
                  Licensee  under this Agreement in respect of the Baby Products
                  and any  other  baby  fragrance  and  toiletry  products  with
                  immediate effect by notice to the Licensee, whereupon the Baby
                  Products and any other baby  fragrance  and toiletry  products
                  shall cease to be a part of this  Agreement  and in particular
                  the licence rights set out in Clause 1 shall not apply to them
                  and the Licensee shall have no rights thereafter in respect of
                  such Products."

7.    The following words shall be deleted from the definition of "Territory" at
      Clause 1.1.24 of the Agreement:

      "excluding Spain, provided that if and when Burberrys considers that it is
      at liberty to do so, Burberrys may by notice to the Licensee include Spain
      in the Territory".

8.    The  following  words shall be  inserted  into Clause 22.1 after the words
      "Clause 16.1(a)":

      "and Clause 12(d)".

9.    The following  words shall be inserted at the end of Clause 22.1 after the
      words "for such purpose":

      "or (in the case of a notice given by Burberrys  under Clause  12(d)) sent
      by e-mail to the Licensee at such e-mail  address as the Licensee may from
      time to time provide to Burberrys"

In this letter all defined terms, where applicable,  will have the same meanings
as in the Agreement unless otherwise  defined in this letter.  For the avoidance
of doubt, this letter will take effect as an amendment to the Agreement,  but in
all other  respects the Agreement  will continue in full force and effect.  This
letter and the  Agreement  will  constitute  the entire  Agreement  between  the
parties in respect of its subject matter.

Please  acknowledge  your  acceptance of the terms of this letter by signing and
returning  three copies of this  letter.  The terms of this letter will not take
effect until this letter has been signed and dated by Burberry.

Yours faithfully,


/s/ VISCOUNT SUIRDALE
VISCOUNT SUIRDALE
For and on behalf of BURBERRY LIMITED

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I, for and on behalf of Inter Parfums,  S.A.  acknowledge receipt of your letter
and accept and agree to its terms as set out above.

Signature /s/ PHILIPPE BENACIN
          --------------------
Name  Philippe Benacin

Title President



I, for and on behalf of Inter Parfums,  Inc.  acknowledge receipt of your letter
and accept and agree to its terms as set out above.


Signature /s/ JEAN MADAR
          --------------
Name Jean Madar

Title President

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