The business is cutting about 80 positions in the first quarter.
Procter & Gamble Prestige Products Inc. is determined to amass as much clout in luxury beauty as it now enjoys in the mass market.
In the mass market, retailers anticipate a hotly competitive season across the cosmetics, hair and skin care categories.
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.
Graydon Carter has a hot magazine, and now he has a hot restaurant, the Waverly Inn.
Music mogul Jay-Z created a small stir among the famously impervious art types on day two of the Art Basel Miami Beach fair Thursday.