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Inter Parfums

This article was originally published in The Rose Sheet

Executive Summary

Fragrance manufacturer is developing a Diane von Furstenberg collection called Color Assets to be sold through home shopping distribution, CEO Jean Madar states during Q1 sales and earnings call May 10. Collection will be separate from existing DVF makeup line distributed in department stores like Bloomingdale's and Nordstrom. DVF distribution is expanding with planned introduction into select Sephora doors, Madar adds. Burberry Brit for Men fragrance is expected to fuel sales when it debuts in the fall, according to the company. Net sales increased 55% to $58.4 mil. and were up 43% at comparable exchange rates in the first quarter, with prestige sales driving growth, offset by a 5% decline in mass market sales. Net income was $4.8 mil., nearly double the $2.5 mil. achieved in the year ago period...
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