Inter Parfums Inc. increased its fourth-quarter profits and gross margin despite a slight dip in sales for the period.During the three months ended Dec. 31, net income attributable to the company rose 14.5 percent to $6.2 million, or 20 cents a diluted share, 1 cent better than analysts, on average, had expected. In the year-ago period, net income was $5.5 million, or 18 cents.Sales backtracked 0.4 percent to $112.4 million from $112.9 million in the 2009 period as gross margin rose to 59 percent of sales from 56.1 percent a year ago.In addition to the European launches of the Montblanc and Boucheron scents, which are expected to expand the firm’s prestige business, Jean Madar, chairman and chief executive officer, told analysts during a conference call Wednesday that entries by Gap and Banana Republic have met with success.He also mentioned that Nine West scents are to begin rolling out next month followed by fashion designer Betsey Johnson’s scents next year. The firm’s much-hyped Burberry color cosmetics collection could reach roughly 50 more points of sale this year, he told analysts.Launches in 2012 will include a new Burberry fragrance family and Paul Smith fragrances for men and women.For the full year, net income grew 18.9 percent to $26.6 million, or 87 cents a diluted share, from $22.4 million, or 74 cents, in 2009. Revenues expanded 12.4 percent to $460.4 million from $409.5 million.Russell Greenberg, executive vice president and chief financial officer, said the firm is “on track” to achieve its previously issued guidance for the year of net income of about 98 cents a diluted share on sales of about $525 million.The firm increased its quarterly dividend to 8 cents a share, payable April 15 to shareholders of record March 31, from its previous mark of 6.5 cents.Meanwhile, Inter Parfums Inc.’s Parisian subsidiary, Inter Parfums SA, posted 2010 net profits of 26.8 million euros, or $35.6 million, up 18.6 percent from its 2009 profits. Operating profit increased 25.2 percent to 42.2 million euros, or $56 million. As reported, Inter Parfums SA reported sales last year rose 17.9 percent to 305.7 million euros, or $405.9 million. At constant exchange, sales grew 18.3 percent.Dollar figures are converted from euros at average exchange rates for the 12-month period.The company reiterated its 2011 guidance regarding sales of approximately 350 million euros, or $486.4 million at current exchange.
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot. #wwdfashion ( 📸: @cjw.photo )
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)
“On a personal level, it’s my vision to create a really different idea with their look to be at the epitome of women’s fashion in South Korea – to create a new milestone,” said stylist @chochowon on dressing K-pop’s most fashionable girl group, @blackpinkofficial. WWD’s @mistywhitesidell sat down with Won ahead of the group’s new album release, “Square Up,” which is out today. Read the full interview on WWD.com. #wwdfashion #blackpink_squareup #blackpink
For @ralphlauren, 2018 is a reason to celebrate: It marks the brand’s 50th year in business. Last year’s chauffeured show in Bedford, NY featuring his vintage car collection may have seemed like the big celebration to show-goers, but they were wrong. The official celebration will be held on September 7 during #NYFW. Get all the details on WWD.com. #wwdfashion (📷: @giovanni_giannoni_photo)