Interparfums anticipates 'another record year' as it reveals 2024 guidance

Interparfums, Inc. expects net sales to reach $1.45 billion for 2024, representing a 12% increase against its guidance of $1.3 billion in 2023. 

The company said it has a number of new projects in the works for its European-based operations during the year. As part of this, it will extend Montblanc's 'Legend' line in early 2024, as well as launch several innovations for Jimmy Choo and Coach.

Interparfums, Inc.'s mid-sized brands will also welcome new entrants throughout the year, including a line extension for Van Cleef & Arpels and Rochas Mademoiselle, alongside a limited-edition Lanvin Éclat d’Arpège set for the spring.

With shipments of Roberto Cavalli and Lacoste fragrances beginning in January, their combined fragrance sales are expected to add approximately 7% to the company's top-line growth in 2024.

For Lacoste, the company plans to relaunch the brand’s original fragrances next year and roll-out its first blockbuster in 2025. Meanwhile, Interparfums, Inc. will launch its first extension for Roberto Cavalli during the summer.

Jean Madar, Interparfums, Inc. Chairman and CEO, said: “With ongoing momentum in the fragrance market, coupled with innovative blockbusters, enrichment from line extensions, and incremental sales from our newest brands, Roberto Cavalli and Lacoste, 2024 has all the attributes of another record year for us."

Founded in 1982, Interparfums, Inc. develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for brands including Abercrombie & Fitch, DKNY, Hollister, Karl Lagerfeld, Kate Spade and Moncler.

The news follows a 27% increase in net sales to £807 million ($989 million) for Interparfums, Inc. during the nine months ending 30 September 2023.

Growth was boosted by "strong" market conditions, in combination with increased market share driven by new product launches, brand extensions, and the continued popularity of its legacy scents.