Top Companies Report

28. Inter Parfums

July 11, 2011

New York, NY

212.983.2640

www.interparfumsinc.com

Sales: $460 million


Sales:

$460 million. Net income: $26.6 million.


Key Personnel:

Jean Madar, chief executive officer and chairman of the board of directors, Inter Parfums, Inc.; Philippe Benacin, president and vice chairman of the board of directors, Inter Parfums, Inc., chief executive officer, Inter Parfums, SA; Russell Greenberg, executive vice president, and chief financial officer, Inter Parfums, Inc.; Henry B. Clarke, president, Inter Parfums USA, LLC, specialty retail division; Philippe Santi, executive vice president, director general delegue, Inter Parfums, SA; Hugues de la Chevasnerie, president of Burberry Fragrances, Inter Parfums, SA; Frédéric Garcia-Pelayo, director of export sales, Inter Parfums, SA; Axel Marot, director of production & logistics, Inter Parfums, SA.


Major Products:

Prestige fragrances sold under the following brands: Burberry (also cosmetics), Van Cleef & Arpels, Jimmy Choo, Paul Smith, Montblanc, S.T. Dupont, Lanvin and Boucheron. Fragrance and personal care products for specialty retailers including Gap, Banana Republic, New York & Company, Brooks Brothers, bebe, Betsey Johnson, Nine West and Lane Bryant.


New Products:

Burberry Sport Ice, Lanvin Marry Me!, Van Cleef & Arpels Midnight in Paris, S.T. Dupont Miss Dupont, Jimmy Choo signature fragrance, Montblanc Legend, Gap Near, Brooks Brothers Miss Madison, Banana Republic Wildbloom, bebe Sheer, Anthropologie Happ & Stahns and Le Labo collection, Lane Bryant Caciquebody.


Comments:

Inter Parfums has bounced back from the recession in a big way; net sales for the year ended Dec. 31, 2010 rose 12.4% to just over$460 million. Net income rose nearly 19% to a record $26.6 million.


“The economic rebound coupled with several major new product launches produced meaningful sales growth across all major prestige brands and in all geographic regions in 2010. For our US-based operations, 2010 sales growth was also spurred by the economic recovery as well as new product launches and greater international distribution of the specialty retail brands for which we develop, produce and sell product,” noted Russell Greenberg, executive vice president and chief financial officer at the release of the firm’s year-end results.


And so far, the good times have kept on going in 2011—net sales for the first quarter ended March 31 increased 11.7% to $133.4 million. During the quarter, European-based operations generated sales of $121.6 million, up 12.3%, and sales by US-based operations were up 6.5% to $11.8 million.


According to Inter Parfums, the Q1 sales growth in Europe was primarily due to the Jan. 1, 2011 commencement of prestige product distribution in the US by InterParfums Luxury Brands.


A US company that operates as a subsidiary of Inter Parfums Inc.’s French subsidiary Inter Parfums SA, InterParfums Luxury Brands is now leading the development and distribution of Burberry (fragrances and cosmetics), Lanvin, Montblanc and Jimmy Choo brands in the US. The creation of the unit in 2010 ended an agreement between Inter Parfums SA and P&G Prestige covering the US for Burberry and Lanvin fragrances.


Inter Parfums has always been keen on tapping high-profile fashion brands with big potential in fragrance, but even company officials were caught off guard by the response to the Jimmy Choo alliance.According to the company, the selective launch of the Jimmy Choo signature fragrance surpassed company expectations and the level of reorders, even in its limited distribution, which Madar said, “even surprised us.” Broader distribution of the scent commenced this spring, and as such, the firm has increased production for the year, Madar added.


And fashion-cum-fragrance fans are on the look out for the new Burberry scent for women, due out later this year. Madar has called it Inter Parfums’“largest product launch of the year.”


A big launch should keep this fragrance powerhouse on target for another year of growth. At the release of Q1 results, Greenberg said the company was “on track to achieve our recently increased 2011 guidance which calls for sales of approximately $550 million.

Related End-User Markets:

blog comments powered by Disqus
  • Pushin’ the Cushion

    Pushin’ the Cushion

    Christine Esposito, Associate Editor||July 26, 2016
    AmorePacific, the creator of the cushion compact, continues to improve its unique product.

  • Senior Skin Care

    Senior Skin Care

    Christine Esposito, Associate Editor||July 19, 2016
    McCord Research and Product Quest Manufacturing roll out new hospital-grade skin care kits for seniors to use at home.

  • An Antioxidant Arsenal

    An Antioxidant Arsenal

    July 11, 2016
    BioRewind is Dermarché Labs' new anti-aging regimen that delivers broad-spectrum antioxidant protection against free radicals

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event

  • Perceived Perfection

    Perceived Perfection

    Christine Esposito, Associate Editor||July 1, 2016
    From primers to pressed powders, facial cosmetics help create the illusion of a flawless complexion.

  • Preserve & Serve

    Preserve & Serve

    Melissa Meisel , Associate Editor||July 1, 2016
    Suppliers with innovative preservatives provide staying power for formulations.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.

  • Get Smart About Your Big Data

    Get Smart About Your Big Data

    Christine Esposito, Associate Editor||June 1, 2016
    Experts at the IRI Growth Summit explain how to make personal connections with customers.

  • For the Love of Lipids

    For the Love of Lipids

    Tom Branna, Editorial Director||June 1, 2016
    AOCS and SCC to deliver a program geared to cosmetic chemists of the important role that fats and oils play in a healthy skin

  • April in Paris

    April in Paris

    Tom Branna, Editorial Director||June 1, 2016
    In-Cosmetics sets attendance record in its return to the City of Light.

  • Bite Now

    Bite Now

    Christine Esposito, Associate Editor||May 2, 2016
    Is the time finally right for beauty-from-within to move into the mainstream?

  • That’s Awesome!

    That’s Awesome!

    May 2, 2016
    Extracts & Ingredients highlights the newest ideas in efficacious oils for the personal care market.

  • Wacker Builds on Its Success

    Wacker Builds on Its Success

    Tom Branna, Editorial Director ||May 2, 2016
    The silicone maker had a good 2015 and expects the gains to continue in 2016, driven, in part, by success in the Americas and

  • I Want It All

    I Want It All

    Melissa Meisel , Associate Editor||May 2, 2016
    Skin care moves beyond the basics with pampering formulations with unique components and novel functions.

  • Multi-Cultural Beauty Update

    Multi-Cultural Beauty Update

    Christine Esposito, Associate Editor||April 1, 2016
    Established brands and start-ups address the needs of multi-cultural beauty consumers.

  • Who Makes That?

    Who Makes That?

    Tom Branna, Editorial Director||April 1, 2016
    From concept and formulation to testing and filling, today’s contract manufacturers perform a range of services for marketers

  • The New Spot For Acne Care

    The New Spot For Acne Care

    Tom Branna, Editorial Director||April 1, 2016
    Acne Treatment Research Center opens in Morristown, NJ.

  • The Essence of Individuality

    The Essence of Individuality

    Melissa Meisel , Associate Editor||April 1, 2016
    Fragrance sales are fueled by unique facets.

  • The Scalp Microbiome

    The Scalp Microbiome

    Nava Dayan PhD, Dr. Nava Dayan LLC||April 1, 2016
    A review of recent findings and innovative approaches for treating scalp disorders.

  • Inspiring the Next Generation Of Personal Care Products

    Inspiring the Next Generation Of Personal Care Products

    March 1, 2016
    In-Cosmetics 2016 returns to Paris next month, April 12-14, 2016.

  • Shielding Skin from Airborne Antagonists

    Shielding Skin from Airborne Antagonists

    Shyam Gupta, Ph.D., John Stanek and Melinda Wochner, Bioderm Research and CoValence Laboratories, Inc.||March 1, 2016
    The enemy, it seems, is all around us. Researchers explain how to alleviate damage caused by a variety of villains.

  • Innovation On Display

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

  • Testing for Sustainable Preservatives

    Adam P. Byrne, William Michael Hart-Cooper, Kaj Johnson, Larry H. Stanker, Dominic W. S. Wong, William J. Orts||January 4, 2016
    A rapid, inexpensive and qualitative protocol for determining microbial growth inhibition.

  • Burgeoning Beauty

    Burgeoning Beauty

    Melissa Meisel, Associate Editor||January 4, 2016
    A look at trailblazers for 2016 and beyond.

  • In-Cosmetics Paris Has Sights on US

    In-Cosmetics Paris Has Sights on US

    Imogen Matthews , In-Cosmetics||December 2, 2015
    Market focus is on the USA.

  • Just Wild About Harry’s Cosmeticology

    Just Wild About Harry’s Cosmeticology

    Tom Branna, Editorial Director||November 2, 2015
    The ninth edition, edited by Meyer Rosen, has been expanded and improved with an emphasis on the future of the industry.