PARIS – Interparfums SA expects another year of double-digit growth in 2017.The Paris-based subsidiary of Interparfums Inc., of New York, on Tuesday maintained projections for consolidated revenues, which are anticipated to reach 400 million euros to 405 million euros this year. Operating margin, meanwhile, is on track to hit 13 percent to 13.5 percent, the company said.Philippe Benacin, Interparfums SA chairman and chief executive officer, said that 2017 will be the “third consecutive year of more than 10 percent growth, a performance reflecting, among other factors, a balanced mix in our business between established lines and launches.”A successful introduction this year was Mademoiselle Rochas, and Coach confirmed its success in the fragrance arena, bolstered by the introduction of the label’s men’s scent in the fall, according to Interparfums.Benacin said that the company’s sales gains in 2018 will remain “moderate, at around 5 percent, as we intentionally focus on flanker launches in order to offer us a short breather that is indispensable for the consolidation of existing lines.”In 2018, the group’s revenues should be 420 million euros to 425 million euros, and its operating margin is expected to remain somewhere between 13 percent and 13.5 percent “as robust media investments are to be maintained, assuming exchange rates remain at current levels,” the company said.Alongside Mademoiselle Rochas’ ongoing rollout next year, there will be flanker introductions for Jimmy Choo, Lanvin and Coach, plus the launch of Dance with Repetto in France.Benacin said there should be a renewed acceleration of growth for Interparfums SA in 2019 and 2020, spurred by major projects from the company’s main brands: Montblanc, Jimmy Choo, Lanvin, Coach and Rochas.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim