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.
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion
A grooming moment between @tanfrance and @antoni last night at the The LGBT Community Center Trailblazer Awards honoring Anna Wintour, Ricky Martin and more. See more photos at WWD.com #wwdeye (📷: @lexieblacklock)
“It was a very surreal feeling. It wasn’t like we were in the studio together coming up with it — it’s more like he discovered it and loved it. I didn’t let myself get my hopes up, but then it happened it was very exciting,” said singer-songwriter @nombe on discovering that @pharrell would be using his song, “Cant Catch Me” on his HBO documentary series “Outpost.” The German-born singer — named Noah MacBeth — talked to WWD about feminism, using art as a platform for political expression and personal style. Read more on WWD.com #wwdeye (📷: @jilliansollazzo)
This season, denim is going west – in influence. Brands like @fathersdaughterla (pictured here), @tommyhilfiger Jeans, @levis and more are opting for raw, top-stitching styles. (Styled by @thealexbadia; 📷: @ryanplett)