Inter Parfums Inc. slid to a loss in the fourth quarter, dragged down by the termination of the Burberry fragrance license in the prior year.
The company continues to attract more licenses to the fold, including Oscar de la Renta and Karl Lagerfeld. Inter Parfums reported a net loss attributable to the company of $4.2 million, or 13 cents a diluted share, compared with net income of $99.6 million, or $3.24 a share, in the year-ago quarter. The prior-year period included a gain of $198.8 million from the termination fee of the Burberry license.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)