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: @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