Inter Parfums Q1
This article was originally published in The Rose Sheet
Executive Summary
Prestige product sales jumped 37% (12% in constant dollars) on double-digit sales growth of every major prestige fragrance brand, highlighted by continued rollout of Christian Lacroix Bazar, S.T. Dupont Essence Pure and Paul Smith Extreme, firm reports in May 6 sales and earnings 1release. Momentum could continue in second quarter with launches including Burberry Tender Touch and limited-edition scents under Celine and Christian Lacroix, firm says during a May 7 presentation to analysts. Mass market sales grew 21% in Q1, largely on continued benefits of Tristar acquisition. Consolidated sales rose 32.2% to $37.6 mil., while net income jumped 24.5% to $2.5 mil...
You may also be interested in...
California Court’s Inaction On TiO2 Prop 65 First Amendment Case Breeds New Lawsuits
The Personal Care Products Council seeks to stem the rising tide of titanium dioxide Proposition 65 lawsuits, requesting that a California court prohibit the state’s Attorney General and private enforcers from filing and/or prosecuting new suits against cosmetics companies failing to warn about potential TiO2 exposure.
Kenvue Breaks Ground On New Headquarters, Appoints Chief Corporate Affairs Officer
Firm hosts groundbreaking for 290,000 square-foot global headquarters it’s having built in Summit, NJ, starting with 100,000 square-foot science and innovation and expected to open in 2025. It announced adding Russell Dyer as chief corporate affairs officer starting 13 March.
Xaira Launches With $1bn-Plus And End-To-End AI Strategy
ARCH and Foresite incubated the company and recruited Genentech R&D veteran Marc Tessier-Lavigne to keep data generation, machine learning research and drug development under one roof.