Discussing European based operations Jean Madar, chairman and CEO of Inter Parfums stated, “The top line growth during the second quarter is primarily due to strong sales of established scents and brand extensions by several of our largest brands, notably Jimmy Choo, Coach and Lanvin, with comparable quarter sales increasing 8.2%, 98.5% and 7.1%, respectively. In addition, two of our smaller European brands, Karl Lagerfeld and Boucheron, achieved exceptional sales growth during the quarter. After turning in a 33% increase in Montblanc brand sales in the first quarter, comparable quarter sales for our largest brand declined 9.8% in the second quarter but are ahead nearly 12% for the first half. We are looking forward to the launch of Jimmy Choo Fever in the second half and its contribution to brand and overall sales growth.”
“The inclusion of legacy Guess fragrances starting toward the end of the second quarter factored into the nearly 51% increase in net sales. We naturally expect sales of Guess brand fragrances to increase in the second half. Also factoring into the second quarter sales growth was the successful launch of two brand extensions for the Abercrombie & Fitch First Instinct fragrance family. Additionally, Anna Sui, Dunhill, and Oscar de la Renta produced significant comparable quarter sales gains. For Anna Sui and Dunhill, we expanded existing collections with flankers, and for Oscar de la Renta, the new Bella Blanca scent helped grow brand sales.”
The company also said itsfragrance license agreement with Van Cleef & Arpels was recently extended for an additional six years until December 31, 2024.