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Inter Parfums SA Sales Rise 8.6%

The French subsidiary credited Montblanc, Jimmy Choo and Boucheron fragrances for the Q3 gains.

PARIS — Third-quarter sales at Inter Parfums SA rose 8.6 percent to 118.9 million euros, or $148.8 million, with its Montblanc, Jimmy Choo and Boucheron fragrance brands contributing to the gains.

Respectively, their revenues increased 68 percent, 45 percent and 57 percent in the three months ended Sept. 30.

During the first nine months of this year, the Paris-based subsidiary of Inter Parfums Inc. posted sales of 327.8 million euros, or $420.3 million, a 20.3 percent gain. At constant exchange, revenues increased 15 percent.

Dollar figures are converted at average exchange for the periods to which they refer.

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Inter Parfums SA is to release its 2013 targets on Nov. 21, taking into account the transition agreement concluded with Burberry, and product launches scheduled for the year.

As reported, Burberry announced in July it had exercised its option to buy out the license rights for its fragrance and beauty products from Inter Parfums SA, effective Dec. 31.

In October, the companies signed a transition agreement, which included an additional three-month period ending March 31 — to facilitate the changeover — and confirmed the exit payment by Dec. 31, 2012.

The buyout price is 181 million euros, or $236.3 million at current exchange, exclusive of receivables, inventories and other tangible assets.