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.
Breaking: @cushnieetochs’ co-founders @carlycushnie and @ochsmichelle are parting ways. After a 10-year run, Ochs is leaving the brand. Get the full story on WWD.com – link in bio. #wwdnews #wwdfashion
@maybelline’s Kanako Takase had snow bunnies in mind when creating the beauty look for @philipppleininternational. Playing off of the bedazzled snowboards in the collection, Takase mixed two highlighters together for a luminous sheen. #wwdbeauty #nyfw (📷: @jilliansollazzo)
“There’s a huge gap between the old way of doing things and today. It takes the youth to help evolve that. You have to count on the kids today to help lead you into the future. A lot of these retailers are stuck in the past. Communication is the biggest thing,” said @ronniefieg of @kith on the youth’s role in retail. On Monday night, Jeff Staple moderated a keynote session with Fieg and @syresmith at Assembly - a series of workshops, talks and keynotes addressing topics or issues in the apparel industry. Head to WWD.com to read more advice from Fieg and what Smith thinks of his dad @willsmith’s Instagram account and sustainability (📷: @weston.wells)
@joansmalls closed the @michaelkors fall 2018 show in black sequined pants and a varsity T printed with 19 on the front and 81 on the back. 1981 – the year Kors went into business. #wwdfashion #nfyw (📷: @giovanni_giannoni_photo)
“You think your life is going to be a certain way, and nothing you thought would happen ends up happening. Never in my wildest dreams did I think I’d be designing clothes and working with Mickey Drexler, and building something I’m deeply proud of,” said Jenna Lyons. Nine months after leaving @jcrew, Lyons is exploring the meaning of happiness. Read the interview, where Lyons talks about reinvention and more on WWD.com – link in bio. #wwdfashion (📷: Farrell) #jennalyons #jcrew