InterParfums

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Company Headquarters

4 Rond-Point des Champs-Élysées Marcel-Dassault, 75008 Paris, France

Driving Directions

Brand Description

Interparfums has been imagining, designing, producing and distributing prestige fragrances for more than 30 years. Every year, driven by the passion of more than 250 employees in Europe, North America and Asia, Interparfums gives life to more than 30 million bottles, embarking on a journey across the globe to convey the spirit of our 11 brands: Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T. Dupont, Van Cleef & Arpels.

Key Personnel

NAME
JOB TITLE
  • Philippe Benacin
    Chairman and CEO
  • Frédéric Garcia-Pelayo
    EVP and CIO
  • Stanislas Archambault
    Executive Director, Operational and Digital Marketing
  • Véronique Duretz
    VP-Human Resources
  • Axel Marot
    VP-Supply Chain and Operations
  • Delphine Pommier
    Executive Director-Marketing Development and Communications

Yearly results

Sales: 1 Billion

Sales: $1.0 billion

InterParfums is focused on fragrance, but the company has the ability to capture the DNA of each brand in it portfolio, according to company executives. Net sales jumped 24% last year. Q4 sales surged 47% to $311 million.

Jean Madar, chairman and CEO called 2022 a “milestone year.”

“Our largest region, North America achieved sales growth of 22%, followed by Western Europe and Asia where sales rose 28% and 19%, respectively,” said Madar. “There was also a strong performance from the Middle East and Latin America with sales up 44% and 24%, respectively. Even Eastern Europe achieved modest sales growth of 6%, despite the armed conflict in Ukraine and sanctions on Russia. With the exception of China, our travel retail business has rebounded to near pre-pandemic levels.”

According to Madar, the strength of the dollar masked the gains made by its European operations in 2022, which grew 12% in US dollars, but 20% in constant currency.

All major brands, including Montblanc, Jimmy Choo and Coach, grew by double digits. Sales for 2022 were also buoyed by a full year of Moncler—the company’s debut product for the brand.

“With sales up 58%, our US operations produced exceptional gains in 2022,” said Madar. “Guess brand sales rose by 24%, Oscar de la Renta by 19%, Abercrombie & Fitch by 28% and Hollister by 16%. Newer brands such as Ferragamo were included for all of 2022, but only in the final quarter of 2021. Donna Karan and DKNY sales were consolidated starting in July of 2022. Removing newly added brands, like-for-like 2022 sales rose 24%.”

Sales: 879 Million

Sales: $879 million

Interparfums ended the year with record sales. In fact, sales were up 52.7% from 2020 and 15.8% from 2019. The company said that performance reflects sustained demand for both Interparfums’ major lines and new products like Jimmy Choo I Want Choo, Montblanc Explorer Ultra Blue and Coach Dreams Sunset lines.

The momentum remained on track in early 2022. Q1 2022 sales rose 22.5%. During the quarter, Montblanc fragrance sales jumped 30%, bolstered by the Montblanc Legend Red; Jimmy Choo fragrances grew 15% on strong demand from all lines and the good performance of the I Want Choo line; and Coach fragrances increased 30%, boosted by the roll out of the Coach Dreams Sunset and Coach Wild Rose lines. There was whopping 70% growth in Van Cleef & Arpels fragrances, driven by the continuing success of the Collection Extraordinaire, particularly in the Middle East and Asia. Despite an “extremely adverse situation in Eastern Europe,” Lanvin held its ground, as did Rochas fragrances, benefiting from the strength of the Eau de Rochas and Rochas Girl lines, said Interparfums.

The company’s fragrance portfolio is evolving. In April, Interparfums said it would not renew the Dunhill fragrance license when it expires September 30. In late 2021, Interparfums, Inc. finalized its agreement with Salvatore Ferragamo S.p.A., to become the exclusive worldwide licensee for the production and distribution of Ferragamo brand perfumes in a 10-year deal with a five-year optional term.

 

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