PARIS — Inter Parfums SA posted a 2004 net profit of $20.3 million at average exchange, up 20 percent year-on-year.
The company is the Paris-based subsidiary of Inter Parfums Inc.
Inter Parfums, whose portfolio includes the Burberry, S.T. Dupont, Paul Smith, Christian Lacroix, Celine, Nickel and Lanvin beauty brands, registered operating profits of $31.3 million, a 23 percent increase in the period.
These came on sales of $210.5 million, up 26 percent. At constant group structure and current exchange rates, sales would have risen 19 percent.
“It’s a good score, considering the world economy and the perfumery market,” said Philippe Benacin, president and chief executive officer, at a financial analyst meeting here.
Among the key launches last year were Burberry Brit for men, Paul Smith London and L’Eau from S.T. Dupont.
Other highlights were the renewal of the Burberry license, which includes a higher percentage of royalties going to Burberry than before, plus a doubled media spend and dedicated team for the brand, said Benacin.
In 2004, Burberry rang up $158.9 million in sales, up 30 percent year-on-year; Paul Smith, $19.1 million, up 22 percent; S.T. Dupont, $11.9 million; Christian Lacroix, $4.9 million, down 38 percent; and Celine, $2.5 million, down 42 percent.
For the nine months Nickel’s sales were consolidated into Inter Parfums SA’s, they generated $2.3 million. For the six months Lanvin’s were integrated, they rang up $10.2 million.
By zone, Western Europe clocked sales of $82.9 million last year, up 15 percent against the prior-year period; North America, $29.3 million, up 30 percent, and South America, $24.2 million, up 90 percent.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)