Beauty Beat: Inter Parfums Sales Gain 23.5% in 2005 … Lari Named at Diesel
Inter Parfums SA, the Paris-based subsidiary of Inter Parfums Inc., reported that fourth-quarter 2005 sales rose 14.4 percent year-over-year to 46.8 million euros, or $55.6 million at average exchange.
Inter Parfums Sales Gain 23.5% in 2005 PARIS — Inter Parfums SA, the Paris-based subsidiary of Inter Parfums Inc., reported that fourth-quarter 2005 sales rose 14.4 percent year-over-year to 46.8 million euros, or $55.6 million at average exchange.
The firm's full-year sales came in at 194.4 million euros, or $246.7 million, up 23.5 percent from 2004. At constant exchange rates, sales for the year spiked 24.6 percent.
By region, sales in North America grew by more than 50 percent over the prior year "despite the adverse currency effect," according to a statement from the firm, while sales in Western Europe "remained stable."
By brand, Burberry was up 11 percent to 131.3 million euros, or $166.6 million, for the full year; Christian Lacroix rose 33 percent to 4.9 million euros, or $6.2 million; Paul Smith grew 1 percent to 14.5 million euros, or $18.4 million; Celine was up 1 percent to 1.9 million euros, or $2.4 million, and S.T. Dupont declined 1 percent to 8.8 million euros, or $11.2 million.
The most recent additions to the firm's brand portfolio, Lanvin and Nickel, generated sales of 29.5 million euros, or $37.4 million, and 3.1 million euros, or $3.9 million, respectively.
Meanwhile, parent company New York-based Inter Parfums Inc. said that its fourth-quarter sales rose 3 percent to $65.5 million, while annual 2005 sales were up 16 percent to $273.4 million. The company also affirmed its 2006 sales and earnings guidance.
At comparable foreign currency exchange rates, sales in the quarter rose 9 percent, Inter Parfums said, and annual sales were up 17 percent.
Both sales figures, however, missed Wall Street's estimates. Analysts had been expecting the fourth quarter's sales to reach $66.4 million, and full-year sales were forecast to hit $274.5 million. But the company, which will release financial statements for the fourth quarter and full year on March 7, said it is expecting annual net profits to be $14.6 million, or 71 cents a share, which matches analysts' consensus estimates.
Looking ahead, Inter Parfums said 2006 sales should increase about 10 percent to $301 million, assuming the dollar remains at current levels, while net income is expected to increase 16 percent to $16.9 million, or 83 cents. The profit guidance includes an aftertax charge of 3 cents, reflecting stock-based compensation expenses.Analysts have forecast earnings per share of 83 cents in 2006, while sales are seen reaching $302 million.
"We are pleased with our top-line growth in 2005 and look forward to a resumption of bottom-line growth in 2006," Jean Madar, chairman and chief executive officer of Inter Parfums, said in a statement Tuesday. Madar cited the company's new product lineup for 2006, which includes new Burberry fragrances for men and women that coincide with Burberry's 150th anniversary, a new women's fragrance for Lanvin and new men's lines for Paul Smith, S.T. Dupont and Nickel.
The firm said it's "particularly confident about the outlook for 2006."
Madar added that initial Inter Parfums-designed and -manufactured Banana Republic personal care products should hit stores this fall and should add to Inter Parfums' 2006 earnings. He also said that early next year, personal care products will be available in Gap stores. Gap and Inter Parfums announced an exclusive agreement in July for personal care products to be developed under the Gap and Banana Republic brand names.
Lari Named at Diesel PARIS — French giant L'Oréal has named Ladan Lari as international brand manager for Diesel, the Italian denim brand L'Oréal signed a worldwide fragrance licensing deal with last week.
Lari also will remain the international brand manager for Viktor & Rolf. Viktor & Rolf is another fashion firm L'Oréal signed on for a fragrance license, in 2002. Before joining L'Oréal, Lari worked at LVMH Moët Hennessy Louis Vuitton as international marketing director for Parfums Christian Dior.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast