Inter Parfums and Burberry terminated their licensing agreement last year. The remaining Burberry inventory generated $20.7 million in second quarter sales.
“We move forward confident in our ability to grow our business through the introduction of new fragrances for our core brands by broadening our distribution channels and by adding new names to our brand portfolion,” said Jean Madar, chairman and CEO. “We recently signed agreements with Shanghai Tang, China’s premiere luxury fashion label and Agent Provocateur, a London-based purveyor of edgy, upscale lingerie.”
For the six months, Inter Parfums’ sales rose nearly 7% to $331.2 million. Net income jumped more than 70% to $75.2 million.