Inter Parfums recently reported net sales increased 24% to $165.4 million from $133.4 million; at comparable foreign currency exchange rates, net sales rose 26% for first quarter 2012 Compared to First Quarter 2011. European-based operations generated sales of $145.2 million, up 19% from $121.6 million for the period. In addition, sales by U.S.-based operations were up 71% to $20.2 million from $11.8 million.
"Burberry brand sales were up 12% with our new Burberry Body line plus the brand's more established collections contributing to the top line growth. Lanvin fragrance sales also increased 12% reflecting gains by the Eclat d'Arpege line, the staying power of Jeanne Lanvin and Marry Me! and the February limited distribution launch of a new men's scent, Avant Garde,” said Jean Madar, chairman & CEO of Inter Parfums.
Jimmy Choo and Montblanc brand sales rose 68% and 77%, respectively over last year's first quarter spurred by 2011 product introductions, he noted.
"Later this month we will launch Jaipur Bracelet, which pays tribute to the Boucheron brand's jewelry heritage, and relaunch a Balmain heritage scent, Ivoire. We also have Montblanc Legend for women and a Lanvin brand extension called Jeanne Lanvin Couture debuting later this year," Madar said.
For U.S.-based operations, Madar reported that the 71% increase in sales was due in part to new product launches such as Love Fury by Nine West, Wildbloom Vert for Banana Republic and Gap Established 1969. "The inclusion of Anna Sui fragrance sales effective January 1st was also an important contributor as were further gains by our U.S. specialty retail and designer fragrance brands in overseas markets," he said. "We have an ambitious new product line up in the works, which includes Wishes & Dreams for bebe, Miss Madison for Brooks Brothers, Wildbloom Blue for Banana Republic, and two flankers: Too Too Pretty for Betsey Johnson and Fairy Dance Secret Wish for Anna Sui."