Inter Parfums Inc. has reported that 2013 got off to a roaring start.
Jean Madar, the company’s chairman and chief executive officer, intends to keep it that way, even without the Burberry license, with a robust new product portfolio.
During a conference call with analysts on Thursday morning, Madar said this year “will be one of the busiest years for new products in our history.”
On Wednesday evening, the company reported that net income attributable to the company in the first quarter more than doubled to $31.7 million, or $1.03 a diluted share, compared with $15.5 million, or 51 cents a share, in the year-ago period.
Net sales for the quarter ended March 31 gained 29.3 percent to $213.8 million, from $165.4 million in the prior-year period. At constant exchange, sales increased 29.4 percent.
Sales from the company’s European-based operations gained 34.4 percent to $195.1 million, boosted by a strong performance by Burberry, which gained 53 percent in the quarter. As reported, Inter Parfums and Burberry have terminated their license agreement, with Burberry exiting the portfolio on March 31. Excluding Burberry, Inter Parfums’ European-based sales increased 15.5 percent year-over-year to $85.5 million.
The company’s sales by U.S.-based operations declined 7.6 percent to 18.7 million. Madar said the U.S. sales in the first quarter faced a tough comparison with the prior-year period when sales surged 71 percent due primarily to the addition of the Anna Sui fragrances in January 2012.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast