Inter Parfums, the maker of Jimmy Choo, Coach, Guess and Montblanc fragrances, enjoyed a record-breaking first quarter with global sales increasing 26 per cent to US$250.7 million – up from US$198.5 million for the same period last year.
All major geographic regions experienced double digit growth – the US (+12%), Western Europe and Asia/Pacific (both 41%), the Middle East (+27%), South America (+38) and Eastern Europe (+13%).
“The current first quarter was exceptionally strong with significant gains by our largest brands”, noted Jean Madar, chairman and CEO of Inter Parfums. “Montblanc, Jimmy Choo, Coach and Guess brand sales rose 22 per cent, 7 per cent, 22 per cent and 27 per cent, respectively.”
During the first three months of the year, the multinational launched several major juices, including Montblanc Legend Red and Guess Uomo. The company’s mid-priced stable of brands such as Abercrombie & Fitch, Kate Spade, Oscar de la Renta and Van Cleef & Arpels also enjoyed double-digit growth. Newer brands in the portfolio – MCM, Moncler, Ferragamo and Ungaro also played their part in driving the first quarter increase.
Our brands are in high demand in a robust environment for the fragrance industry, added Madar. “We have a large number of brand extensions across many of our brands launching throughout the year plus Boucheron Singulier and Coach Open Road – entirely new men’s pillars in the second half. Plus, in July, Donna Karan and DKNY fragrances will join our brand portfolio. We remain totally optimistic about the remainder of this year and the years ahead.”
In a bullish forecast, inter Parfums estimate that global net sales for the calendar year 2022 will reach US$975 million.
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