01.06.15
With expected growth in net sales rising approximately 7% to $500 million, Inter Parfums, Inc. revealed preliminary 2015 guidance.
Chairman and CEO 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.”
For example, a men’s fragrance for Lanvin and a women’s fragrance for Montblanc are in the works, and Inter Parfums expects 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.”
According to Madar, the first Shanghai Tang fragrance collection for men and women is ready for an early 2015 rollout.
“All in all, our plans point to a very ambitious, productive and successful year ahead,” he concluded.
Russell Greenberg, EVP and CFO, noted Inter Parfums is well positioned for continued growth given its aggressive launch plans for the majority of its 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,” Greenberg explained.
Chairman and CEO 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.”
For example, a men’s fragrance for Lanvin and a women’s fragrance for Montblanc are in the works, and Inter Parfums expects 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.”
According to Madar, the first Shanghai Tang fragrance collection for men and women is ready for an early 2015 rollout.
“All in all, our plans point to a very ambitious, productive and successful year ahead,” he concluded.
Russell Greenberg, EVP and CFO, noted Inter Parfums is well positioned for continued growth given its aggressive launch plans for the majority of its 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,” Greenberg explained.