Inter Parfums
This article was originally published in The Rose Sheet
Executive Summary
Net sales grew 9% to $24.3 mil. in second quarter fueled by "tremendous" success of the licensor's S.T. Dupont Signature men and women's fragrance pair, which debuted in April. Net income jumped 39% to $1.5 mil. Inter Parfum's prestige fragrance sales were up 19% and mass market sales increased 22%. Aziza II cosmetics will be "resurrected" with additional SKUs for the holiday season, the firm notes. Inter Parfums expects to maintain more than a 20% constant dollar growth rate credited to future fragrance launches. Inter Parfums is introducing the first Paul Smith fragrance in the third quarter, followed by Burberry Touch duo in September