French Fragrances
This article was originally published in The Rose Sheet
Executive Summary
Net sales shot up 73.7% to $61.9 mil., and net income jumped to $1.7 mil. from $612,000 in the second quarter (ended July 31), the Miami-based company reported Aug. 20. French Fragrances attributed the significant increases to the completion of the J.P. Fragrances acquisition and investments made in upgrading information processing systems and automating its warehouse ("The Rose Sheet" April 6, Marketing In Brief). The purchase, completed April 1, is having a "positive impact on our customer relationships," the firm noted. Through the half, the Geoffrey Beene fragrance marketer's net sales increased 53.3% to $108.4 mil., and net income rose 27.6% to $20 mil...