Inter Parfums Net Inches Up NEW YORK — Inter Parfums Inc. on Wednesday reported essentially flat earnings for the quarter ended March 31. The company posted income of $4.42 million, or 22 cents a share, compared with income of $4.40 million, or 22 cents, in the same year-ago quarter. Sales declined 0.3 percent to $70.9 million from $71.1 million.
The firm said that due to the strength of the U.S. dollar, at comparable foreign exchange rates, sales rose 5 percent for the period.
Jean Madar, chairman and chief executive officer, said in a statement that contributing to the quarter were strong Lanvin sales, as well as the launch of Burberry London for women in the U.S. The broader geographic rollout in Europe is now under way.
"While we have an ambitious 2006 prestige product launch schedule for the remainder of the year, our major ones are scheduled for the second half of the year. These include a new Lanvin fragrance for women, Burberry London for men and a new Paul Smith fragrance for men. We also have men's fragrances for S.T. Dupont and Nickel being unveiled in the spring and summer," he said.
The ceo added that the company remains "on schedule" for the new personal care product launch at Banana Republic stores in the U.S. and Canada in fall 2006, followed by the early 2007 rollout of personal care products for Gap stores. He said the company expanded its agreement with Gap Inc. in March to include Gap Outlet and Banana Republic Factory stores.
Inter Parfums is also developing products for the 2006 holiday season, Madar noted. — Vicki M. Young
Seigal to Perfume Shop PARIS — A.S. Watson, the world's largest health and beauty retailer, said Tuesday Jeremy Seigal has been named managing director of the U.K.'s The Perfume Shop.
He replaces Philip Newton, a co-founder and chairman of the perfumery chain, who has left the firm for personal reasons, according to an A.S. Watson spokeswoman.
Also Tuesday, the company announced it has incorporated The Perfume Shop into the Luxury Perfumeries & Cosmetics division.The firm created the division in January with Hugues Witvoet as chief executive officer, but officially announced its formation only this week upon The Perfume Shop's integration into the subsidiary. The division also includes France's Marionnaud Parfumeries and Benelux-based ICI Paris XL.
"I am very proud to lead this new division," Witvoet said in a statement.
"My team will continue to work closely with suppliers, continuing the work undertaken in 2005. The main objectives of the Luxury Division are to maximize synergies, anticipate market evolutions for skin care and beauty products, and strengthen relationships with suppliers to generate growth."
Ian Wade, managing director of A.S. Watson, said the A.S. Watson Luxury Division Europe will focus on consolidating the group's retail businesses to maximize synergies and growth while enhancing relationships with suppliers.
A.S. Watson is the retail arm of Hutchinson Whampoa Ltd. — Ellen Groves
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye