Inter Parfums posts preliminary Q2 numbers
This article was originally published in The Rose Sheet
Executive Summary
Inter Parfums announced July 23 that net sales for the second quarter of 2010 jumped to $107.8 million, a 21.6% increase from the same period last year. Fragrance brands leading the charge are Lanvin, with a 21% increase in sales, Burberry, up 26%, and Paul Smith, up 12%. New releases from Van Cleef & Arpels drove the brand's sales up 36%, while S.T. Dupont's two new entries, Intense and Essence Pure Ice, headed a 65% sales gain. By region, first-half sales rose 68% in Eastern Europe and 67% in South America. North America enjoyed a more modest increase of 14%, and Europe, 12%. Inter Parfums will release its final results for the second quarter Aug. 9. Earlier this month, the firm inked a licensing arrangement with designer Betsey Johnson to design, manufacture and sell fragrance, color cosmetics and other personal-care products thorough Betsey Johnson stores (1"The Rose Sheet" July 12, 2010, In Brief)