Inter Parfums Inc. saw bottom- and top-line gains in the second quarter and said it has a pile of cash ready to reinvent for post-Burberry life next year.
Net income attributable to Inter Parfums rose 20.3 percent to $6 million, or 20 cents a share, from $5 million, or 16 cents, a year earlier. Sales for the quarter ended June 30 rose 20.2 percent to $145.6 million from $121.1 million.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"