Breaking News

New Report Shows Highs and Lows at Inter Parfums

November 30, -0001

Fragrance marketers are still trying to make “scents” in the troubled economy. Inter Parfums, Inc. posted mixed results for the fourth quarter and year ended Dec. 31, 2008. In the fourth quarter, net sales declined nearly 16% to $100.4 million; while sales in European-based operations slipped 14% to $83.2 million, and U.S.-based operations dropped 24% to $17.2 million.

For the full year 2008, net sales rose 15% to $446.1 million. European-based operations were up 17% to $386.4 million, while U.S.-based operations rose 1% to $59.7 million. As a result of the global economic crisis, as well as the continued strength of the U.S. dollar relative to the euro, the company is revising its 2009 guidance to net sales of $390 million, with net income of approximately $21 million, assuming the dollar remains at current levels.

blog comments powered by Disqus
  • Innovation On Display

    Melissa Meisel, Associate Editor||February 3, 2016
    P&G Beauty Digital Studio showcases new products for 2016

  • Crowning Glory

    Crowning Glory

    Christine Esposito , Associate Editor||February 3, 2016
    Celebrity stylists and experts from leading hair care brands talk about the ingredients and formats driving the styling sector.

  • Electric Slide

    Electric Slide

    Melissa Meisel, Associate Editor||February 3, 2016
    Skin care devices bring anti-aging to the next level