The world’s re-ignited passion for fragrance has pushed new boundaries. Inter Parfums reached US$1 billion in net sales for its full year 2022 – a 24 per cent rise on 2021.

With global distribution in over 120 countries, including Australia, the market-leading major has a stable of highly covetable designer and luxury brands such as Coach, Donna Karan, DKNY, Ferragamo, Jimmy Choo, Montblanc, MCM and Oscar de la Renta. The multinational also has key trademarks including Lanvin and Rochas.

Sales were up worldwide with major regions surging strongly. “Our largest region, North America, delivered sales growth of 22 per cent, followed by Western Europe and Asia where sales rose 28 per cent and 19 per cent, respectively,”¬† said Jean Madar, chairman and CEO of Inter Parfums.

The Middle East and Latin America also joined in the bonanza last year with sales increases of 44 per cent¬† and 24 per cent, respectively. “With the exception of China, our travel retail business has returned to near pre-pandemic levels,” added Madar.

Major launches during 2022 included MCM‘s first men’s fragrance, a female addition to Montblanc‘s signature line and new male and female juices from Coach.

Inter Parfums also inked a new deal with Lacoste, previously with Coty, at the end of last year with plans to roll out new fragrances next year. Montblanc enjoyed double digit growth last year to hit sales of US$190 million and Inter Parfums has extended its licensing agreement for five more years.

Michel Awood, CFO at Inter Parfums is bullish about this year’s prospects. “With two months under our belt and sizeable orders already booked, the year should be even better than we initially expected. It now appears that 2023 net sales will approximate US$1.2 billion, 10 per cent ahead of 2022 net sales.”

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