12.02.14
Inter Parfums, Inc. revealed preliminary 2015 guidance— which calls for growth in net sales rising approximately 7% to $500 million.
Chairman and CEO of Inter Parfums Jean Madar commented, “Our three largest brands, Lanvin, Jimmy Choo and Montblanc, have performed extremely well throughout 2014 and we expect them to continue to deliver solid growth in 2015 driven by new product launches and the staying power of many of our legacy scents. A men’s fragrance for Lanvin and a women’s fragrance for Montblanc are in the works, and we expect continued sales momentum for Jimmy Choo Man, which debuted this fall. We also have men’s scents launching for Dunhill and Balmain and women’s scents for Van Cleef & Arpels, Oscar de la Renta, Anna Sui and bebe, plus a men’s and women’s fragrance duo for Boucheron, all of which should generate meaningful incremental sales in the coming year. Additionally, our first Shanghai Tang fragrance collection for men and women is set for an early 2015 rollout. All in all, our plans point to a very ambitious, productive and successful year ahead.”
Russell Greenberg, Executive Vice President & Chief Financial Officer noted, “We enter 2015 well positioned for continued growth given our aggressive launch plans for the majority of our brands, and the strong trends being exhibited by Lanvin, Jimmy Choo and Montblanc. With that said, given the uncertainty and limited visibility of some of our key Eastern European markets, such as Russia, elevated geopolitical concerns in the Middle East, as well as the more modest growth rates of China and Southeast Asia relative to 2012 and 2013, at this time, we are introducing an initial outlook for the coming year with a prudent degree of conservatism.”
Chairman and CEO of Inter Parfums Jean Madar commented, “Our three largest brands, Lanvin, Jimmy Choo and Montblanc, have performed extremely well throughout 2014 and we expect them to continue to deliver solid growth in 2015 driven by new product launches and the staying power of many of our legacy scents. A men’s fragrance for Lanvin and a women’s fragrance for Montblanc are in the works, and we expect continued sales momentum for Jimmy Choo Man, which debuted this fall. We also have men’s scents launching for Dunhill and Balmain and women’s scents for Van Cleef & Arpels, Oscar de la Renta, Anna Sui and bebe, plus a men’s and women’s fragrance duo for Boucheron, all of which should generate meaningful incremental sales in the coming year. Additionally, our first Shanghai Tang fragrance collection for men and women is set for an early 2015 rollout. All in all, our plans point to a very ambitious, productive and successful year ahead.”
Russell Greenberg, Executive Vice President & Chief Financial Officer noted, “We enter 2015 well positioned for continued growth given our aggressive launch plans for the majority of our brands, and the strong trends being exhibited by Lanvin, Jimmy Choo and Montblanc. With that said, given the uncertainty and limited visibility of some of our key Eastern European markets, such as Russia, elevated geopolitical concerns in the Middle East, as well as the more modest growth rates of China and Southeast Asia relative to 2012 and 2013, at this time, we are introducing an initial outlook for the coming year with a prudent degree of conservatism.”