Inter Parfums news and archive

Inter Parfums taps new board member as two retire

Inter Parfums has announced the appointment of Gerard Kappauf as its newest board member as Michel Dyens and Patrick Choël retire. It reduces Inter Parfums’ board size to nine members, of which five are independent. Kappauf began his career in fashion working at a Jean Paul Gaultier show. He then went on to provide marketing and acquisition...

Report

Inter Parfums raises FY outlook on record Q2 sales

Inter Parfums has reported record sales in the second quarter, up 26 percent from the prior year. Net sales in the three months to June 30 increased to 309 million pounds from 245 million pounds a year earlier. Sales were up 35 percent at comparable foreign currency exchange rates. The company experienced a 42 percent jump in sales at its...

Fashion |Beauty

Inter Parfums signs global fragrance license for Roberto Cavalli

Inter Parfums, which develops, manufactures and distributes prestige perfumes and cosmetics, has entered into an exclusive worldwide fragrance license for the Roberto Cavalli brand. In a statement, Interparfums Italia, the company’s wholly-owned subsidiary based in Florence, said it will manage the Cavalli fragrance business, "in keeping with...

Management

Inter Parfums reports ‘record’ results, on track for 1.25 billion dollar sales

Inter Parfums has outlined its full Q1 report for the year 2023, continuing to cement what its CEO has called the “best ever sales quarter” in the company’s history. Speaking on the results, Jean Madar, chief executive and chairman, said the positive results were largely driven by the 26 percent growth in the firm’s European operations, where...

Report

Inter Parfums raises outlook after strong Q1

For the first quarter, Inter Parfums, Inc. net sales rose to 312 million dollars, a 24 percent increase. At comparable foreign currency exchange rates, net sales increased 27 percent. The company has raises its sales and earnings forecast after reporting strong first quarter growth. Commenting on the trading update, Jean Madar, chairman & chief...

Management

Inter Parfums crosses one billion dollars in sales, raises outlook

Inter Parfums revenues increased by 24 percent to 1,087 million dollars. The company’s operating income increased 31 percent to 194 million dollars. The company’s net income increased 38 percent to 121 million dollars and diluted earnings per share increased 38 percent to 3.78 dollars per share. Fourth quarter net sales increased 47 percent to...

Report

Inter Parfums reports record Q4 sales, reiterates FY23 guidance

Inter Parfums has reported record net sales of 311 million dollars in the fourth quarter ended December 31. That’s a 47 percent increase on the 211 million dollars it posted in the prior year period. In constant exchange rates, sales were up 57 percent. CEO and chair Jean Madar told investors: “As we reported earlier this month, the fourth...

Report

Inter Parfums ups full-year outlook for 2022, 2023

Inter Parfums has increased its outlook for both fiscal 2022 and 2023 after reporting better-than-expected sales growth in the fourth quarter. CEO and chair Jean Madar hailed “exceptionally strong” performances from its US and European operations in the final quarter. The Paris-headquartered company now expects sales for the year ended December...

Business |Beauty Featured

Lacoste buys back fragrance license and signs with Interparfums SA

French fashion and sportswear label Lacoste has bought back its fragrance license from Coty for an undisclosed sum and signed a new deal with Inter Parfums, Inc.’s majority-owned Paris-based subsidiary, Interparfums SA. In a statement released from Coty, the beauty company said that the selling back the fragrance license was by “mutual agreement...

Report

Inter Parfums expects 2023 sales to reach 1.11 billion dollars

Inter Parfums has reported that it is expecting its 2023 net sales to hit 1.11 billion dollars as it continues to invest in its business and benefit from the growth of travel retail. In its report, the company stated that the guidance would result in earnings per diluted share of 3.70 dollars, representing an eight percent increase in net sales...

Report

Inter Parfums raises full-year outlook on strong Q3

Inter Parfums has upped its outlook for the current year after recording an increase in sales and profit in the third quarter. In the three months to September 30, the Paris-headquartered company reported a 7 percent increase in net sales to 280 million dollars. At constant currency exchange rates, sales were up 12 percent. The company’s net...

Report

Inter Parfums posts strong sales and earnings growth

For the second quarter, Inter Parfums, Inc. reported net sales of 244.7 million dollars, up 18 percent compared to the same period last year. Net income for the quarter reached 27.6 million dollars, up 22 percent and diluted earnings per share were 86 cents, an increase of 21 percent against the same quarter last year. Commenting on the second...