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.
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
Did you know: @carlychaikin of "Mr. Robot" has been painting for about a decade? The actress, who plays Darlene on the show, is a self-taught artist who lists Salvador Dalí and Chuck Close as some of her idols. Chaikin told WWD that painting is a form of meditation for her — A much-needed one given the intensity of "Mr. Robot." See a piece Chaikin is working on at WWD.com (📷: @jilliansollazzo) #wwdeye