Inter Parfums Net Slips 1 Percent in Half PARIS — Inter Parfums SA, the Paris-based subsidiary of Inter Parfums Inc., reported net profits down 1 percent to 8.2 million euros, or $10.5 million at average exchange, for first-half 2005 versus the prior-year period.
Operating profits also dipped 1 percent to 12.9 million euros, or $16.5 million, while operating margin came in at 14.1 percent of sales.
As reported, Inter Parfums SA's sales in the half rose 31.8 percent to 91.2 million euros, or $116.9 million. At constant exchange rates, they spiked 35.1 percent.
According to the company, despite a 146 percent hike in fees and a 81 percent increase in advertising and marketing expenditures, operating margin is "ahead of budget and represents one of the industry's best performances."
"Overall, the results are good," said Philippe Benacin, president and chief executive officer of Inter Parfums SA, during a financial analyst conference held here Tuesday.
Among the company's star brands he cited for the half were Burberry, whose sales rose 13.5 percent to contribute 68 percent of Inter Parfums SA's total business, versus 79 percent in 2004; Paul Smith, whose beauty turnover rose 31 percent, and Lanvin, which is beating budget for the year.
During 2006, launches for Inter Parfums SA are to include a Lanvin women's scent, a Burberry women's and men's fragrance, a Nickel scent and an S.T. Dupont men's fragrance.
Inter Parfums' stock closed up 5.45 percent Tuesday on the Paris bourse at a unit price of 31.35 euros, or $38.44 at current exchange. — Jennifer Weil
VS Back to Beauty Book NEW YORK — Victoria's Secret launched its second beauty catalogue today, within the VS Winter Look Book. The catalogue, which consists of 20 pages, features 25 brands ranging from products by Frédéric Fekkai to Nars.
The beauty catalogue will be distributed as a stand-alone book to Victoria's Secret loyal beauty customers but five million Victoria's Secret customers will receive it as an insert in the spring fashion catalogue, according to the company. The retailer has also revamped its Web site to reflect its expanded beauty offerings.To celebrate the launch, a suite for hair and makeup artists has been set up at Victoria's Secret's home office at 1114 Avenue of the Americas at the Grace Building overlooking Bryant Park. The invitation-only crowd, which includes makeup artists Charlie Green and Vincent Longo, can go by the suite on the 25th floor to unwind, sample new products and get a goodie bag with an estimated value of $1,000. — Andrea Nagel
Quest Names Adamson VP LONDON — Quest International has named Greg Adamson vice president of product safety and regulatory affairs for fragrances. Adamson, who took up the post in August, previously held positions at Avon Products Inc. and Procter & Gamble, Quest, a flavors and fragrances house, stated Monday. He also was a member of the CTFA Safety and Regulatory Toxicology Committee and COLIPA.
"Dr. Adamson has joined Quest to help defend the industry during an unprecedented increase in regulatory and safety pressure on the industry," Quest stated. "This will include developing capabilities within Quest that will serve to support the business for the future."
Changes on Wella's Board BERLIN — Alfred Krämer, Wella's board member responsible for finance, has been named speaker of the firm's management board, effective Oct. 1. As previously reported, Wella chairman Heiner Gürtler is leaving the company in October. In other changes, Michael Uebbing and Carolyn Tastad were appointed to the management board. Uebbing is a Wella executive board member responsible for the professional business in Europe. Tastad is a 20-year Procter & Gamble alumnus, where she most recently served as vice president of customer business development for Canada.
P&G, Wella's majority shareholder, said last week it had acquired additional shares in the German group and holds more than 95 percent of the company. This will allow P&G to exercise a "squeeze out" under German law to acquire the remaining outstanding Wella shares. P&G, which acquired a controlling interest in Wella in 2003, faced opposition from minority shareholders, who were holding out for a sweeter deal. Although P&G has moved forward to integrate Wella's business after signing a domination agreement in June 2004, it required 95 percent of share capital to legally delist Wella and fully integrate the company. — Melissa DrierDubald Leaving Douglas? PARIS — Market sources in Europe speculate that Dominique Dubald will be leaving his position as managing director of Douglas France this week. He could not be reached for comment.
@zacposen's go-to holiday gift? Cookies! "I'll usually bake cookies and send them as a gift," said the designer, who recently released his cookbook "Cooking With Zac: Recipes from Rustic to Refined." Get the recipe for his Brown Butter-Chocolate Chip Cookies via link in bio 🍪🍪🍪 #wwdeye #cookingwithzac
For @monsemaison’s pre-fall 2018 collection, Fernando Garcia and Laura Kim honed in on the brand’s many signatures — men’s wear, which was tweaked and feminized through deconstruction, proportion play and lots of bare shoulders. See the rest of the photos on WWD.com #wwdfashion (📷: George Chinese)
On Friday night, @yohjiyamamotoofficial received the Design for Asia Lifetime Achievement Award in Hong Kong. The 75-year-old designer has been celebrated for many years and is best known for his dark and avant-garde tailoring. “In my long career, in design, architecture, [I’ve been to] so many parties, this is the very first time that I have such a warm feeling, I really appreciate this,” Yamamoto said. #wwdfashion (📷: @dominiquemaitre)
Discovery is collaborating with British pop artist @philipcolbert on a new line of clothing and accessories called Discovery Shark. The collection, which will launch next summer for Shark Week’s 30th anniversary, features a whimsical line of women’s and men’s bomber jackets, sweatshirts, bags and more. #wwdfashion
“I’m always a big champion of a female rapper, and I’m glad to see a new voice that feels unique and authentic that’s coming up, and I think we’re going to see more great things from her,” said @itsjeremyscott about @iamcardib, who performed at @moschino’s Art Basel Miami Beach party last night. #wwdeye (📷: @lexieblacklock)
@janellemonae’s “What’s Your Frequency?” room in @refinery29's #29Rooms made its debut this week at the opening of the Los Angeles art exhibit. “It’s about the ongoing conversation around mass surveillance, the weaponization of technology and cultural uniformity. My space was created so that we can come together and talk about the complexities of our humanity,” said Monáe. #wwdeye (📷: @bucknerphoto)
@pantone announced their Color of the Year 2018: Ultra Violet. Nearly 20 months after the musician Prince’s death, fashion is having a purple moment. Varying shades of purple appeared on spring or fall runways, from @christopherkane to @calvinklein. @gucci’s Alessandro Michele bathed his fall runway in ultra violet-colored light at one point. Pantone 18-3838 is meant to “push the boundaries of what inspires us to look upward and outward to the future.” #wwdnews #wwdfashion (📷: @kukukuba)