Snippets: Inter Parfums Expectations … Blonde Ambition … Pairing Up …
Inter Parfums SA expects to meet its objectives set for the end of this year, namely, sales of 214 million euros, or $284.4 million at current exchange, up 10 percent year-on-year, the company said in a statement Wednesday.
INTER PARFUMS EXPECTATIONS: Inter Parfums SA expects to meet its objectives set for the end of this year, namely, sales of 214 million euros, or $284.4 million at current exchange, up 10 percent year-on-year, the company said in a statement Wednesday. Inter Parfums, the Paris-based subsidiary of Inter Parfums Inc., said it also should post profits of around 18.2 million euros, or $24.2 million, a 12 percent rise in 2006 versus 2005. As of Jan. 1, Inter Parfums will have four distribution arms up and running in Germany, Spain, Italy and the U.K.
For next year, the company plans to register sales of 245 million euros, or $325.6 million, an increase of 14.5 percent year-on-year, and net profits of 20 million euros to 21 million euros, or $26.6 million to $27.9 million, respectively, a 13 percent gain. By 2009, Inter Parfums aims to post organic sales of more than 300 million euros, or $398.7 million. Inter Parfums' beauty licenses include Burberry, Celine, Christian Lacroix, Lanvin, Nickel, Paul Smith, Quiksilver, S.T. Dupont and Van Cleef & Arpels.
BLONDE AMBITION: Pamela Anderson and Tigi are teaming up to form a new hair care, body care, cosmetics and accessories line, to be called Glam Pam, for next spring. Fragrances and formulas have been tested, and, according to a company release, the line focuses on "empowering women to take control of how they look and feel."
PAIRING UP: Songstress Rihanna has landed a place in Cover Girl's growing family as a new spokesperson for the cosmetics brand. The 18-year-old singer from Barbados entered the U.S. music scene in August 2005 with "Music of the Sun," which was followed by a second album, "A Girl Like Me," featuring her hit "S.O.S." Rihanna is in Manhattan this week shooting ads for a summer Cover Girl campaign, joining the ranks of Queen Latifah, Molly Sims and Keri Russell, who also represent the brand. Gina Drosos, vice president and general manager of global cosmetics, Procter & Gamble Beauty, said in a statement, "Rihanna is a talented, confident young woman who exemplifies the Cover Girl ideals with her inner confidence and fresh beauty. We're proud to welcome her to the Cover Girl family."
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)