Sales: $468 million.
Key Personnel: Jean Madar, chairman; Philippe Benacin, president and chief executive officer; Russell Greenberg, executive vice president and chief financial officer.
Major Products: Fragrances and beauty products including Balmain, Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, ST Dupont, Van Cleef & Arpels, Abercrombie & Fitch, Agent Provocateur, Anna Sui, Banana Republic, Bebe, Dunhill, Hollister, Oscar de la Renta and Shanghai Tang.
New Products: Montblanc Legend Spirit, Abercrombie & Fitch men’s scent, Hollister fragrances for men and women, Coach women’s scent. To be launched: Oscar Gentleman.
Comments: Sales fell more than 6% due to the strong US dollar. The company noted that the currency impact was most apparent for the two largest brands within its European operations. In 2015, sales of Jimmy Choo fragrance were $92.4 million, an 18% year-over-year increase in dollars, but in local currency the increase was 41%. Similarly, Montblanc brand sales increased 6% in local currency in 2015, but declined 12% in dollars to just under $100 million. Other fragrance families that put up good numbers were Dunhill and Oscar de la Renta.
For the first quarter of 2016, sales rose 2% to more than $111 million. European sales rose 5%, but US sales were down 14%, which chairman Jean Madar attributed to difficult comps when Extraordinary by Oscar de la Renta and Icon by Dunhill were launched.