PARIS — Inter Parfums SA on Monday confirmed its guidance for 2009 and said it expects to close 2010 with sales of more than 265 million euros, or $395.7 million at current exchange, on growth of more than 9 percent at constant exchange rates.
This story first appeared in the November 25, 2009 issue of WWD. Subscribe Today.
The Paris-based subsidiary of Inter Parfums Inc. expects to end this year with sales between 250 million euros and 255 million euros, or $373.3 million and $380.7 million, representing a marginal year-over-year decline.
The company said it is strengthening its prospects through the addition in June of Burberry’s full makeup line and further expansion of its portfolio. This includes having inked a fragrance licensing agreement with Jimmy Choo this fall. Another deal with a major luxury brand is expected in early 2010, stated Inter Parfums.
Expected to bolster its sales next year are numerous initiatives, including Burberry Sport women’s and men’s fragrances in February and Van Cleef & Arpels’ Oriens women’s fragrance line in March.