Inter Parfum's Sales Surge in Third

2008-10-23 | 08:19

A 21% gain to $123.5 million.

Inter Parfums, Inc.'s  net sales for the current third quarter rose 21% to a record $123.5 million . For the first nine months of 2008, net sales rose 28% to $345.8 million.

Jean Madar, chairman and chief executive officer, noted that hird quarter sales by the European-based operations rose 23% to $108.8 million. Two major new product launches, Van Cleef & Arpels Feerie and Jeanne Lanvin, were responsible for much of the top line growth. Additionally, Burberry fragrance sales have continued to increase with this year’s growth driven by the successful worldwide launch of the new women's line Burberry The Beat.

Third quarter sales by U.S. based operations rose a modest 4% to $14.7 million.