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    Breaking News

    InterParfums Posts 14.3% Rise in Annual Sales

    Net sales soared 18.5% to $177.2 million from the final quarter.

    InterParfums Posts 14.3% Rise in Annual Sales
    Montblanc Explorer is a leading launch for the season.
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    03.04.19
    Inter Parfums, Inc. reported that for the three months ended Dec. 31, 2018, net sales soared 18.5% to $177.2 million from the final quarter. For the full year, net sales rose 14.3% to $675.6 million.

    On the subject of US based operations, Jean Madar, chairman & CEO of Inter Parfums, noted, “GUESS was added to our brand portfolio in April 2018, and has quickly become one of our largest U.S. based brands. In addition to the inclusion of GUESS fragrances, the 24.4% increase in 2018 fourth quarter sales reflects gains by the Anna Sui, Oscar de la Renta and Abercrombie & Fitch Co. brands. For the full year, the largest sales gains were achieved by Anna Sui and Abercrombie & Fitch, which along with incremental GUESS fragrance sales, produced the more than 20% top line improvement by U.S. based operations.”

    He continued, “We recently unveiled our first new Rochas scent for men, Moustache, soon to be followed by Montblanc Explorer and later in the year, we will debut new men’s fragrances for Jimmy Choo and Dunhill. For women, we have a new Lanvin scent called A Girl in Capri in the pipeline, the debut of our first Graff fragrance collections and our foray into direct-to-consumer online sales with the Lily Aldridge collection. We also have a new fragrance duo rolling out for the Abercrombie & Fitch brand. While major new product launches are catalysts for our sales growth, we also expect established scents and brand extensions to continue to be important contributors to our top line.”

    Discussing European based operations, Madar stated, “The final quarter was even better than expected, resulting in a 16.8% comparable quarter sales increase. Our four largest brands, Montblanc, Jimmy Choo, Coach and Lanvin, grew sales by 2.7%, 55.2%, 22.5% and 28.1%, respectively, in the closing quarter of the year, especially notable in the absence of a major brand launch. For the full year, these brands posted 1.4%, 8.5%, 73.3% and 7.1%, sales gains.”

    Executive Vice President & Chief Financial Officer Russell Greenberg said,  “With sales coming in better than expected, we have raised our 2018 guidance range … to expect net sales of approximately $705 million.”
     
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    • Evonik Highlights Solutions for Malodor Reduction

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      Check out its April 21 webinar: ‘Capture the Stink and Lock it Up Safe with Tego Sorb.’
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      New campaign looks to close the gap between consumer intention and action.
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      L'Oréal's Sales Jump on Gains in China and E-Commerce

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      Early bird pricing ends April 16.
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    • Color Cosmetics
      Biolage Unveils ColorBalm Hair Conditioners With Hair Color Benefits

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      A new line of vegan, color-depositing conditioners in seven shades.
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    • Actives | Functional Ingredients | Hair Care | Skin Care

      New Synthetic Biology Coalition Formed in US

      Genomatica backs new formation to promote investment and support for the industry.
      Christine Esposito, Managing Editor 04.15.21

    • HCPA Opens Registration for New Horizons Cleaning Industry Conference

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    • Color Cosmetics
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      Charles Sternberg, Assistant Editor 04.15.21

    • Color Cosmetics
      Amyris Buys Another Beauty Brand

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      Acquires Gen-Z focused EcoFabulous Cosmetics the day after it buys an AI company.
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    • Color Cosmetics | Fine Fragrance | Functional Ingredients
      Mariano Puig Planas Dies at 93

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      Led Puig, Spain's largest beauty company, for three decades.
      Tom Branna, Editorial Director 04.15.21


    • Color Cosmetics
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      Charles Sternberg, Assistant Editor 04.15.21

    • Fine Fragrance
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