Discussing European-based operations Jean Madar, Chairman & CEO of Inter Parfums noted, “Several of the major ongoing brands in our portfolio performed exceptionally well in the fourth quarter and for the full year, primarily due to sales momentum within existing lines. 2012 Lanvin sales ran 5% ahead of 2011 thanks to the endurance of Eclat d’Arpège, with sales continuing to grow ten years after the fragrance was introduced. The increase in Lanvin brand sales also reflected the launch of the Jeanne Lanvin Couture line. Montblanc sales have been impressive with brand sales up 51% for the full year, owing to the extraordinary appeal of the men’s line, Legend. Introduced in 2011 , Legend is now our best-selling men’s fragrance across all prestige brands in our portfolio. The Jimmy Choo signature fragrance line has also done extremely well achieving 36% full year sales growth over the scent’s debut year.”He continued, “For 2012, Burberry fragrance sales were up 6% with double-digit growth by the brand’s historic lines and the continuing success of the Burberry Body line, although impacted by lower sales from the Burberry Sport line. S.T. Dupont fragrance sales rose 5%, and Boucheron has become a meaningful contributor in 2012 with the gradual re-release of the brand’s fragrance collections along with our first initiative, Jaipur Bracelet.”
Inter Parfums, Inc. Reports Record Sales In 2012
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.