Inter Parfums Inc., after announcing an exclusive deal for bath and body products for Gap and Banana Republic, said Wednesday net sales jumped 31.5 percent in the second quarter to $61.4 million from $46.7 million a year ago.
NEW YORK — Inter Parfums Inc., after announcing an exclusive deal for bath and body products for Gap and Banana Republic, said Wednesday net sales jumped 31.5 percent in the second quarter to $61.4 million from $46.7 million a year ago.
For the first half of 2005, net sales were up 26 percent to $132.5 million. At comparable exchange rates, sales gained 24 percent. The firm said the Burberry Brit scent led the sales gain for the second quarter.
In addition to the new Gap and Banana scents, which are expected to launch in 2007 and next year, respectively, Inter Parfums will roll out Tumulte by Christian Lacroix in August, Arpège Pour Homme by Lanvin in the fall and Burberry Brit Gold in time for this holiday season. The company expects to adjust its earnings guidance for 2005 to account for the new launches.
Regarding Inter Parfums SA, the Paris-based subsidiary of U.S.-based Inter Parfums Inc., the firm said second-quarter sales shot up 43.8 percent to 44 million euros, or $56.6 million. For the first half, its sales rose 31.8 percent to 91.2 million euros, or $117.3 million. Dollar figures are at the average exchange rate. At constant exchange rates, sales in the first half spiked 35.1 percent.
Also in the half, Burberry represented 67.7 percent of the subsidiary’s business, generating 61.7 million euros, or $79.4 million, in sales, a 13.5 percent increase year-on-year. Lanvin rang up 13.2 million euros, or $17 million, representing more than 14 percent of the firm’s activity. Paul Smith, Inter Parfums SA’s third-biggest license, boasted sales of 6.5 million euros, or $8.4 million.
“Taking into account the launches planned for the fall — Tumulte by Christian Lacroix and Arpège Pour Homme by Lanvin — the firm confirms its sales objective of 192 million euros [$232 million] for 2005, representing growth of 22 percent over 2004,” Inter Parfums SA said in a statement.
The company is expected to report earnings on Aug. 8.
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye