Inter Parfums news and archive

Inter Parfums Q1 sales grow 4 percent

Inter Parfums first quarter net sales rose to 324 million dollars, up 4 percent compared to the same quarter of 2023. Commenting on the trading results, Jean Madar, chairman & chief executive officer of Inter Parfums, said: “With ongoing momentum in the fragrance market and favourable initial shipments of Lacoste and Cavalli fragrances, we...

Business

Inter Parfums posts full year sales growth of 21 percent

Inter Parfums, Inc. announced that for the fourth quarter and full year ended December 31, 2023, net sales rose 6 percent to 329 million dollars and 21 percent to 1.32 billion dollars, respectively. Commenting on the trading update, Jean Madar, chairman & CEO of Inter Parfums, stated: “With ongoing strength in the overall fragrance market and...

Business

Cavalli and Lacoste additions to boost Inter Parfums’ 2024 results

Inter Parfums has announced that it expects 2024 net sales of 1.45 billion dollars, resulting in earnings per diluted share of 5.15 dollars. This, the company said in a release, represents a 12 percent increase in net sales and an 8 percent increase in earnings per diluted share. Commenting on the robust outlook, Jean Madar, chairman & CEO of...

Business

Inter Parfums reports strong Q3 trading results

Inter Parfums, Inc. third quarter net sales rose to 368 million dollars, up 31 percent compared to the same quarter of 2022. Commenting on the trading update, Jean Madar, chairman & CEO of Inter Parfums, stated: “Strong market conditions, in combination with increased market share driven by new product launches, brand extensions, and the...

People

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...

Business

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...

Business

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...

Business

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...

Business

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...

Business

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...