07.07.09
New York, NY
212.983.2640
www.interparfumsinc.com
Sales: $446 million
Sales: $446 million. Net income: $23.8 million.
Key Personnel: Jean Madar, chairman and chief executive officer; Philippe Benacin, vice chairman and president; Russell Greenberg, executive vice president and chief financial officer; Andy Clarke, president, Inter Parfums USA LLC, specialty retail division.
Major Products: Prestige fragrance and related products under the Burberry, Van Cleef & Arpels, Lanvin, Paul Smith, S.T. Dupont, Christian Lacroix and Quiksilver/Roxy brands; Nickel, men’s skin care products; specialty retail fragrance and personal care products under brand names such as Gap, Banana Republic, New York & Company, Brooks Brothers and Bebe; Mass market fragrances and personal care products.
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Creative director Gary McNatton colaborated with Inter Parfums on Close, a fragrance from Gap. |
Comments: Sales rose 15% last year, driven by a 17% gain in Europe. Sales in the U.S. rose just 1%.
The three largest brands within Inter Parfums’ European-based operations all showed strong growth in local currency in 2008. Burberry sales were up 10% from 2007. Also, year-over-year, sales of Lanvin and Van Cleef & Arpels products rose 17%, and 77%, respectively.
U.S. results included first time sales of the new Brooks Brothers fragrance collection, Brooks Brothers New York, and the international distribution of Gap and Banana Republic personal care products.
“The year-over-year sales increase was modest because our 2007 U.S.-based product sales included the initial rollout of personal care products to Gap, Inc.’s North American stores as well as the initial launch of personal care products for all New York & Company stores,” explained Jean Madar, chairman and chief executive officer.
For the first quarter of 2009, sales fell 27% to $90.4 million, as European sales fell 26% and U.S. sales declined even more, 33%.
In May, Inter Parfums’ Burberry Brit for Men won a FiFi Award for Fragrance of the Year in the Men’s Nouveau Niche category.
