Under Inter Parfums, Coach Fragrances Reach Nearly $100 Million in Sales

The Coach fragrance business has turned into a major bright spot for Inter Parfums Inc. The fragrance business said that in 2018, sales from Coach’s five fragrances reached almost $100 million, a 73 percent gain from the prior-year period. Coach first introduced fragrance in mid-2016. The brand is just one of many drivers in the Inter Parfums business. The company posted gains across the board for the fourth quarter, numbers unveiled Monday showed. The fragrance business saw net sales jump 18.5 percent to $177.5 million in the quarter. Net sales from European operations were up 16.8 percent to $134.8 million, and net sales from U.S. operations were up 24.4 percent to $42.4 million. Net income was up 82.9 percent to $8 million, compared to $4.4 million in the prior-year period. North America, Western Europe and Asia saw sales gains of 19 percent, 9 percent and 24 percent, respectively. The company’s Middle East business was also up 17 percent year-over-year, according to chairman and chief executive officer Jean Madar. Montblanc remains the largest brand in the European division, and posted sales gains of 1.4 percent despite not launching any new scents. Jimmy Choo sales were up 8.4 percent, driven by Jimmy Choo Fever. Lanvin, the company’s

Follow WWD on Twitter or become a fan on Facebook.

Read More...

from WWDWWD https://ift.tt/2GW5gTr
via