HBW Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Inter Parfums adjusts 2008 guidance

This article was originally published in The Rose Sheet

Executive Summary

Inter Parfum announces Nov. 24 that it is revising its 2008 guidance, now calling for net sales of approximately $445 mil. and net income of approximately $25 mil., versus previously projected $460 mil. and $26.8 mil., respectively. CFO Russell Greenberg says company expected strength of new product launches and existing brands to enable it to reach original 2008 guidance; however, "the very challenging economic environment that has manifested itself over the last few weeks brings doubt to that expectation." While Inter Parfums acknowledges that upcoming year will continue to be challenging, CEO Jean Madar says firm will continue to invest in new products. In 2009 the company plans to launch men's version of Burberry The Beat, Lanvin L'Homme Sport line and first bebe fragrance
Advertisement
Advertisement
UsernamePublicRestriction

Register

RS015823

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel