LONDON — Buoyed by new launches and extraordinary measures, first-half sales and net income at fragrance manufacturer Interparfums rose 29 percent and 68 percent, respectively.The company said Thursday that sales totaled 209.3 million euros, while net income amounted to 21.7 million euros. Sales growth came from the "continued strength" of the Jimmy Choo and Montblanc fragrance franchises and from new launches at Coach and Rochas, the French manufacturer and marketer said in a statement.In the first half, the company said its marketing and advertising investments were up more than 40 percent, with the aim of building market share and supporting launches including Mademoiselle Rochas, Jimmy Choo L’Eau and Jimmy Choo Man Ice.Operating profit was up 53 percent to 33.1 million euros, while net income got a boost from a non-recurring tax expense that had impacted the first half of 2016. The company said its net cash position was more than 130 million euros.Philippe Santi, executive vice president and chief financial officer, said the company’s business model allowed it to generate a high operating margin. He added that in light of marketing investments planned for the second half and based on euro-dollar exchange rates, operating margin should range from 13 percent to 13.5 percent in the full year.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion