Breaking News

Inter Parfums Sees a Rise and a Fall

January 22, 2009

4Q losses and full-year financial gains in report

Prestige perfumer Inter Parfums, Inc. posted a 16% decline in net sales to $100.6 million for the final quarter for the three months that ended Dec. 30, 2008. European-based product sales dropped 14% to $83.4 million, while U.S.-based figures slipped 24% to $17.2 million.

However, the drop in sales was seasonal. The company reported 2008’s net sales of $446.3 million were up 15% from the prior year.   

Jean Madar noted, “For 2008, the three largest brands within our European based operations all showed strong growth in local currency with Burberry up 10%, Lanvin up 17% and Van Cleef & Arpels up 77%. Sales by U.S.-based operations in 2008 included domestic sales of our first new Brooks Brothers fragrance collection and the international distribution of Gap and Banana Republic personal care products. The year-over-year sales comparison is difficult because our 2007 U.S. based product sales included the initial rollout of personal care products to Gap, Inc.’s North American stores as well as the initial launch of personal care products for all New York & Company stores.”

Mr. Madar went on to say, “Although consumer confidence and spending are under pressure in light of the global economic downturn and tight credit markets, we remain cautiously optimistic about the future. We have a high quality portfolio of premium brands and a strong balance sheet, which along with our flexible and proactive business model, have enabled Inter Parfums to weather difficult business environments in the past and should enable us to resume growth once consumer confidence is restored and the economy turns.”
blog comments powered by Disqus
  • Cosmetic Chemists Head to Orlando Next Month

    Cosmetic Chemists Head to Orlando Next Month

    September 26, 2016
    Organizing Chair Guy Padulo explains why you should attend the IFSCC Congress.

  • Restoring Rembrandt

    Restoring Rembrandt

    Christine Esposito, Associate Editor||September 26, 2016
    Ranir LLC has acquired Rembrandt, an iconic name in teeth whitening, and plans to make it a staple in the value segment.

  • Active Agents

    Active Agents

    September 19, 2016
    On the surface, surfactants may seem staid, but the market, and the supplier activity driving it, is bubbling.

  • Back to School

    Back to School

    Tom Branna, Editorial Director||September 1, 2016
    It may be September, but class was in session this summer during the Private Label Manufacturers Association’s Executive Educ

  • What

    What's In Your Formula?

    Christine Esposito, Associate Editor||September 1, 2016
    A look at the ingredients beauty brands are using to fuel their formulations and capture consumers’ attention.

  • A Sweet-Smelling Sanctuary

    A Sweet-Smelling Sanctuary

    Melissa Meisel, Associate Editor||September 1, 2016
    Home fragrance is enhanced by aromatic developments in delivery and components.