Inter Parfums Inc. Sales Jump, Reflecting Gains in U.S. & European Operations

Inter Parfums Inc. posted gains in both the U.S. and European units for the second quarter. Collectively, net sales were up 11.3 percent year-over-year, to $166.2 million. Sales rose in Europe by 8.7 percent, to $125.6 million in the quarter, and jumped 20.4 percent for the U.S. segment, to $40.6 million. Net income for the group was up 13 percent from the prior-year period, to $12.3 million. Inter Parfums chairman and and chief executive officer, Jean Madar, said in a statement that the Middle East and Eastern Europe also drove sales in the quarter, with sales upticks of 28.8 percent and 3.6 percent, respectively. Sales in Asia were up 7 percent in the quarter, which helped balance out a 9.3 percent decline the region saw in the first quarter, Madar noted. Sales of the European-based operations were fueled by Montblanc, Inter Parfums’ largest brand, which saw a 28.3 percent net sales gain due to the launch of Montblanc Explorer. Coach also saw a big jump in sales — 43.8 percent — due to the debut of Coach Floral Blush. Inter Parfums also noted that two of its smaller brands, Van Cleef & Arpels and Karl Lagerfeld, seem to be staging a comeback, with sales

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