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.
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion
@carmeloanthony is upping his fashion game once again, introducing a hat collection with @goorinbros. Called Fresh Greens by Melo x Goorin, the line consists of five unisex models, all of which are made in America from 100 percent wool. Each hat is lined with Anthony’s signature and the inscription “Knowledge of self, wisdom and understanding.” You can purchase the collection line at Goorin’s website as well as three off its stores in San Francisco, New York City and Las Vegas #wwdaccessories
“I am of tradition, but that doesn’t mean I have an old outlook on life,” Hubert de Givenchy told WWD in an interview in 1978. The legendary designer, who died last week at the age of 91, achieved wide success soon after launching his own couture boutique in the early ’50s, but he refused to pine for that time. For the first time since its original publication, read our interview with Givenchy on his awe for Audrey Hepburn and looking forward. Link in bio. #wwdarchives #fbf (📷: Pierre Schermann)
About last night: @alexachung and @supergausa toasted the launch of their capsule collection. “It’s the shape that I love, so rather than amend the last and make the sole crazy or do anything wild, we just did really subtle additions that I think make it look really luxe-y,” said Chung. #wwdfashion (📷: Marc Patrick)
Exclusive: @off____white’s @virgilabloh is launching an exclusive eyewear capsule collection @sunglasshut. The unisex collection, which is made up of three styles, first made its debut on the brand’s fall runway show in Paris. Get all the details on WWD.com – link in bio. #wwdnews #wwdfashion