Sales: $675 million
Sales: $675 million.
Key Personnel: Jean Madar, chairman and co-founder; Philippe Benacin, president and chief executive officer; Russel Greenberg, chief financial officer; Philippe Santi, executive vice president and chief financial officer, Interparfums SA.
Major Products: Fragrances and beauty products including Abercrombie & Fitch, Agent Provocateur, Anna Sui, Bebe, Boucheron, Coach, Dunhill, Hollister, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Oscar de la Renta, Paul Smith, Repetoo, Rochas, Shanghai Tang, S.T. Dupont and Van Cleef & Arpels.
New Products: Abercrombie & Fitch Authentic, Dunhill Signature, Graff Multi-Scent Collection, Jimmy Choo for men, Lanvin A Girl in Capri, Lily Aldridge Multi-Scent Collection, Monteblanc Explorer. To be launched: Kate Spade fragrances.
Comments: After a difficult 2017, sales rebounded more than 14% last year, with gains in every region where the company competes. Sales in Inter Parfums’ largest markets, North America, Western Europe and Asia, rose 19%, 9% and 24%, respectively. Meanwhile, the company’s business in the Middle East has also been quite robust with a year-over-year sales increase of 17%, and even in Eastern Europe and Central and South America, 2018 sales were ahead 7% and 1%, respectively, compared to 2017. Interparfums’ four largest brands are Montblanc, Jimmy Choo, Coach and Lanvin.
In February, 2018, Inter Parfums, Inc. celebrated 30 years as a public company and its listing on Nasdaq. The company’s largest brand is Mont Blanc, a more than 100-year-old luxury brand known for writing instruments, watches, leather goods and jewelry.
For the first quarter of 2019, the company reported that net sales were $178.2 million, up 3.8% compared to the first quarter of 2018. Sales by European based operations declined 3.8% but sales by US-based operations rose 54.8%.
Jean Madar, chairman and CEO of Inter Parfums, Inc. noted, “Our two largest markets, North America and Western Europe, as well as the Middle East, achieved comparable quarter sales growth of 8.5%, 12.7% and 22.9%, respectively, with sales of Montblanc, Jimmy Choo and Boucheron fragrances driving the increases. The 9.3% decline in Asia, which remains our third largest market, is primarily due to lower sales of Lanvin products. With the upcoming launches for Lanvin and Anna Sui, we expect better comparisons for Asia in the coming quarters.”
Madar also talked about new releases slated for later in the year, including Jimmy Choo, which will welcome a new men’s scent toward the end of year as well as brand extensions under the Blossom, Illicit and L’Eau banners. Similarly, Inter Parfums has still another Coach flanker in the works, and has recently unveiled one for the Rochas Mademoiselle fragrance family.
Last month, Inter Parfums inked an 11-year agreement to license Kate Spade New York.