Top Companies Report

32. Inter Parfums

July 13, 2010

New York, NY
212.983.2640
www.interparfumsinc.com
Sales: $409 million


Sales:
$409 million. Net income: $22 million

Key Personnel:
Jean Madar, chairman and chief executive officer, Russell Greenberg, executive vice president, chief financial offer, Andy Clarke, president, specialty retail; Alex Canavan, vice president, warehousing and distribution; Michelle Habert, controller; Michael Bes, vice president, retail sales; Philippe Benacin, president, chairman and chief executive officer, Inter Parfums S.A.

Major Products:
Fragrances and related products. Prestige—Burberry, Van Cleef & Arpels, Lanvin, Paul Smith, Quiksilver, Roxy and S.T. Dupont. Specialty retail—Banana Republic, bebe, Brooks Brothers Gap, New York & Company. Mass market—Apple, Aziza, Intimate, Johnson Parker, Jordache Fragrances, Royal Platinum, Jean Philippe Apothecary and Jean Phillip Paris

New Products:
Burberry cosmetics collection, new scents from Burberry (Burberry Sport) and Van Cleef & Arpels (Oriens); Montblanc fragrances (distribution)

Comments:
Last year was not a kind one to fine fragrance marketers as Inter Parfums can attest. While there was positive movement in the fourth quarter, it wasn’t enough to keep sales ahead of 2008 results. For 2009, net sales slid 8% to just over $409 million. At comparable foreign currency rates, net sales also declined 8%. The company’s European-based operations recorded a 6% decline in sales to $361.7 million, and U.S.-based operations recorded a net sales decline of 20% to $47.8 million.Results so far in 2010 are far more encouraging. First quarter sales rose 32% to $119.4 million (at comparable currency exchange rates sales jumped 29%). European-based operations jumped 32% and U.S.-based operations recorded a 32% rise in sales. Gross margins were 60.1% compared to 59.2% in the first quarter one year ago.

“Building upon the momentum of last year’s fourth quarter, 2010 is off to a strong start,” said Russell Greenberg, executive vice president and chief financial officer.

The company has plenty to look forward to—this month marks the debut of the Burberry cosmetics collection, which will be carried in 30 shops, and distribution commences for Montblanc legacy fragrances. A new Montblanc scent is scheduled for Spring 2011.

In addition, shoe fanatics are chomping at the bit, as Inter Parfums signed as 12-year licensing agreement that will allow women to spritz Jimmy Choo fragrance on their wrists—an easier (and more affordable) endeavor than walking in the brand’s stilettos. The scent is due out next spring.
  • It’s Magic!

    It’s Magic!

    Melissa Meisel, Associate Editor||March 20, 2017
    Argan oil-infused ‘Moroccan’ lip care brand jumps from WholeFoods into CVS.

  • On the Cutler Edge

    On the Cutler Edge

    Melissa Meisel, Associate Editor||March 13, 2017
    Top brand source at Redken forecasts up-to-the-minute hair trends.

  • Take The Hint

    Take The Hint

    Christine Esposito, Associate Editor||March 13, 2017
    Water brand forays into sun protection by capitalizing on scent and experience.

  • Supply-Side Innovations

    Supply-Side Innovations

    Tom Branna, Editorial Director||March 1, 2017
    Raw material suppliers roll up their sleeves and roll out their new products for the global cleaning industry.

  • New Faces in Familiar Places

    New Faces in Familiar Places

    Tom Branna, Editorial Director||March 1, 2017
    The American Cleaning Institute officially welcomed its new president.

  • Special Delivery

    Special Delivery

    Tom Branna, Editorial Director||March 1, 2017
    UV protection is important, but what good is that sunscreen if consumers won’t apply it?

  • Garden Variety

    Garden Variety

    Melissa Meisel, Associate Editor||March 1, 2017
    Color cosmetics for Spring 2017 are inspired by the beauty of nature and new beginnings.

  • OTC = TLC

    OTC = TLC

    Christine Esposito, Associate Editor||March 1, 2017
    Over-the-counter treatments provide consumers’ skin and hair with extra care.

  • The Green Dot

    The Green Dot

    John Kim and Lambros Kromidas, PhD*, Shiseido Americas||March 1, 2017
    Insights into one of the most used trademarks in the world.

  • An Essential Read

    An Essential Read

    Tom Branna, Editorial Director||March 1, 2017
    Industry expert Nadim Shaath takes the reader on a fascinating journey through the history and the future of essential oils.

  • Sustainability, Brexit and AI Are in Focus at In-Cosmetics

    Sustainability, Brexit and AI Are in Focus at In-Cosmetics

    March 1, 2017
    In-Cosmetics Global 2017 will take place in London, April 4-6, 2017

  • Trade Association Directory 2017

    February 2, 2017
    Contact details of trade associations that serve various segments of our industry and are mentioned frequently in Happi.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.

  • What’s in Style?

    What’s in Style?

    Melissa Meisel , Associate Editor||February 1, 2017
    The latest sprays, gels, mousses, serums and creams for hair are filled with luxury components and meet a variety of needs

  • Defining Clean Skin

    Defining Clean Skin

    Nava Dayan PhD, Dr. Nava Dayan LLC||February 1, 2017
    A look at the issues, research and history surrounding this controversial topic.

  • Linked In

    Linked In

    Christine Esposito , Associate Editor||February 1, 2017
    Through virtual reality, apps and connected devices, beauty and personal care brands can strengthen their customer relations

  • Hitting the Right Notes

    Hitting the Right Notes

    January 6, 2017
    Agilex Fragrances is the leader in the middle market fragrance category.

  • The Smell of Clean in 2017

    The Smell of Clean in 2017

    January 6, 2017
    Changing consumer lifestyles and demographics are impacting the scents found in the household cleaning category.

  • On the Edge

    On the Edge

    January 6, 2017
    Expanding beauty brands to watch in 2017

  • A New Contender?

    A New Contender?

    January 6, 2017
    Detergent sales are up, innovation continues and Henkel is determined to make it a dogfight in the segment.

  • Engagement 2016

    Engagement 2016

    January 6, 2017
    CSPA convenes in Fort Lauderdale for annual meeting.

  • Slow & Steady

    Slow & Steady

    Tom Branna, Editorial Director||December 1, 2016
    In a tumultuous environment, steady gains posted in the industrial and institutional cleaning sector are welcomed.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna, Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.

  • New Hair Care Ingredients

    December 1, 2016
    Check out the latest releases from suppliers.

  • Hair & Now

    Hair & Now

    Melissa Meisel, Associate Editor ||December 1, 2016
    The shampoo and conditioner category is expanding with modern takes on these classic formulations.

  • Perform or Perish

    Perform or Perish

    Christine Esposito, Associate Editor||December 1, 2016
    Success in today’s skin care sector begins with active ingredients, formulated in products that address modern-day issues.