Sales: $499 million.
Key Personnel: Jean Madar, chairman; Philippe Benacin, president and chief executive officer; Russell Greenberg, chief financial officer; Philippe Santi, executive vice president and chief financial officer, Interparfums SA.
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, Shanghai Tang.
New Products: Emblem for Men and Emblem for Women, Jimmy Choo Man, Jimmy Choo Blossom, Karl Lagerfeld Private Klub, Boucheron Place Vendôme and Quatre, Paul Smith Extreme Sport, So Dupont, Repetto Eau Florale, Balmain Extatic, Anna Sui Romantica, Dunhill Desire Black and Icon, Oscar de la Renta Extraordinary, Agent Provacateur Fatale and Fatale Pink, Shanghai Tang Silk Road, Banana Republic Modern, Bebe Nouveau Chic and Glam fragrances. To be launched: Men’s and women’s scents under the Abercrombie & Fitch and Hollister California brands (2016).
Comments: The loss of the Burberry license continued to drag down results, as sales fell more than 10% last year. Excluding the Burberry results, sales increased 15.3%.
But forget what might have been with Burberry; in a presentation to analysts, Inter Parfums noted that between 2009 and 2014, its ongoing sales increased at a CAGR of 23%, compared to the fragrance industry’s 3%. Furthermore, Inter Parfums puts the global fine fragrance market at $45 billion, with Europe accounting for 43% of sales, followed by the Americas (33%) and Asia Pacific (24%). In contrast, Inter Parfums’ sales by region in 2014 looked like this: Europe (38%), Americas (37%) and Asia-Pacific (25%).
Jean Madar, chairman and CEO of Inter Parfums, Inc., noted that increasingly strong currency headwinds toward the end of the year, a steady stream of product launches, the contribution of new brands, and the staying power of several best sellers provided a lift to ongoing brand sales in all regions. He noted, too, that new product introductions such as Oscar de La Renta Extraordinary and Dunhill Icon will provide a lift to results this year. And yet, in 2015, the company expects sales to fall to $470 million. For the three months ended March 31, 2015, sales fell 10% to $109 million, but net income improved 12.5% $10.0 million.