Interparfums sales up with help from European market
Interparfums, Inc. is "well positioned" for another year of record growth after achieving a 31% increase in net sales to £300 million ($368 million) during the third quarter.
The company saw sales rise 64% to £110 million ($135 million) in the US and 18% to £190 million ($233 million) in Europe.
Recent launches from Jimmy Choo, Montblanc and Coach continued to be "strong" performers in Europe, with mid-sized brands Lanvin, Kate Spade, Rochas and Karl Lagerfeld also achieving sales growth.
Total sales increased 27% to £807 million ($989 million) for the nine months ending 30 September, up 21% in Europe and 43% in the US.
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.
Jean Madar, Chairman and CEO at Interparfums, said: "We're continuing to dedicate appropriate resources to ensure maximum effort and output for our licensors, suppliers, distributors, and manufacturers, particularly as we head into the holiday season.
"We believe we are well positioned to meet the demand of our retailers and consumers on our way to another record year."
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.
