Inter Parfums, Inc. announced its initial guidance for 2008. Management is projecting 2008 net sales of approximately $437 million, or about 15.6% ahead of 2007’s guidance of $378 million.
Jean Madar, chairman and CEO of Inter Parfums, noted, “Our 2008 new product launch schedule for European-based operations is especially strong, driving top line growth for that part of our business.
The launch of The Beat, the sixth Burberry fragrance family in March 2008, should lead the top line growth for European-based operations. Mr. Madar added, “We also have high expectations for the other products in our new product pipeline...with regard to our U.S.-based operations, we have clearly shifted our focus away from the mass market to specialty retail, and we are extremely pleased and equally motivated by the successes we have achieved by our specialty retail initiative.
“For 2008, there are a considerable number of new products and brand expansions in the works for our specialty retail partners.”