Discussing European-based operations Jean Madar, Chairman & CEO of Inter Parfums noted, “Many of the brands in our portfolio performed extremely well during the third quarter. Third quarter sales of Lanvin fragrances rose 12% with continuing gains by the Eclat d’Arpège line and the launch of the Jeanne Lanvin Couture line. Montblanc fragrance sales were 67% ahead of last year’s third quarter due in great part to the continued success of the men’s line, Legend. Jimmy Choo fragrances also showed robust gains, up 44% versus last year’s third quarter based upon the signature scent that launched in 2011.”
He continued, “Through the first nine months, Burberry brand sales are running over 10% ahead of the same period last year. S.T. Dupont fragrance sales achieved a nearly 30% year-to-date sales gain. Also, Boucheron has become a meaningful contributor this year with the gradual re-release of the brand’s fragrance collections along with our first initiative, Jaipur Bracelet.”
Discussing year-to-date prestige sales by region, Mr. Madar noted, “Top line growth has been especially strong in North America where sales are running 38% ahead. Growth continued in the Middle East, spurred by Saudi Arabia, resulting in a more than 30% increase in sales. Russia drove sales in Eastern Europe producing a greater than 30% improvement in this region. Asia and South America achieved sales growth of 16% and 17%, respectively. Despite weaker consumer spending in selected countries in Western Europe, sales through the first nine months of this year were 6% ahead of the same period last year.”
On the subject of U.S.-based operations, Mr. Madar went on to say, “As was the case in the first half, the third quarter benefited from the inclusion of Anna Sui fragrance sales, international distribution of U.S. specialty retail brands, and fragrance launches for namesake stores earlier in the year.”
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