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
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty