Inter Parfums offers 2010 forecast
This article was originally published in The Rose Sheet
Executive SummaryIn 2010 Inter Parfums anticipates sales of $440 mil. - versus projected $400 mil. in fiscal 2009 sales - and earnings of $0.78 per diluted share, according to Nov. 23 release. "Our guidance is based primarily on the strength of our brands and on our new product launch schedule, and gives us the confidence that we will be able to achieve growth in both our European-based and U.S.-based operations," says Chairman and CEO Jean Madar. Firm plans to grow its Burberry brand with the launch of a cosmetics line in 30 to 40 shops worldwide, which will require a "significant" first-year investment, and expects to announce a new prestige fragrance license early in 2010. Inter Parfums plans more launches in 2010 than in 2009, including a fragrance line for Urban Outfitters' Anthropologie stores (1"The Rose Sheet" Nov. 16, 2009)
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