Beauty Industry

Inter Parfums Up 42% for 3rd Quarter

The company’s sales got a push from the global launch of Burberry Body.

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By: Jamie Matusow

Editor-in-Chief

Inter Parfums Inc. announced net sales for the third quarter of 2011 were $171.7 million, a 42% increase from $120.9 million in the third quarter of 2010. At comparable foreign currency exchange rates, third quarter net sales were up 36%. The company plans to issue its results for the third quarter of 2011 on or about November 9, 2011.

“Burberry fragrance sales were up 30% for the quarter due in great part to the global launch of Burberry Body,” says European-based operations Jean Madar, Chairman & CEO of Inter Parfums. “Other factors contributing to the sales increase include the continued strong momentum of the Jimmy Choo and Montblanc fragrance launches and the inclusion of Interparfums Luxury Brands, our U.S. distribution subsidiary which began operations at the start of the year.”

“We were very pleased by the continued strength in certain markets with third quarter sales in local currency holding steady in Western Europe while increasing 55% and 64% in South America and Asia, respectively,” he said.

For US-Based operations, the comparable quarter increase in third quarter sales reflects a strong performance for specialty retail products in international markets as well as initial shipments of our new Betsey Johnson and bebe fragrance products, Madar said.

According to Russell Greenberg, executive vice president and chief financial officer, the company is raising its 2011 sales guidance to $570.0 million, from $550.0 million based upon year-to-date sales levels and expectations for the final quarter of this year.

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