Inter Parfums has announced its full-year results for 2022, disclosing over USD1 billion in net sales.
The fragrance manufacturer and distributor’s prestige brands include Anna Sui, Boucheron, Coach, Donna Karan, DKNY, Ferragamo, Graff, GUESS, Jimmy Choo, Karl Lagerfeld, Kate Spade, MCM, Moncler, Montblanc, Oscar de la Renta, S.T. Dupont, Ungaro, and Van Cleef & Arpels, with distribution in over 120 countries.
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Inter Parfums is also the registered owner of several trademarks including Lanvin and Rochas.
The company reports its major brands Montblanc, Jimmy Choo, and Coach grew by double digits.
Inter Parfums’ founder, chairman, and chief executive officer Jean Madar said, “Our largest region, North America achieved sales growth of 22 percent, followed by Western Europe and Asia where sales rose 28 percent and 19 percent, respectively. ”
Sales in the Middle East and Latin America were also up 44 percent and 24 percent, respectively.
“With the exception of China, our travel retail business has rebounded to near pre-pandemic levels,” Madar added.
Madar also noted a robust line-up of product launches and brand extensions for Inter Parfums brands this year: MCM’s first-ever men’s scent; a sister scent for Montblanc’s signature line as well as one for men; and new men’s and women’s products for Coach.
Inter Parfums’ mid-sized brands will see additions in a new collection for Moncler, Kate Spade, Rochas, and Van Cleef & Arpels.
Inter Parfums closed a licensing deal with Lacoste announced at the end of 2022 and effective on 1 January 2024, taking over the brand’s legacy fragrance collections. Its partnership with Montblanc fragrances, which earned USD190 million in sales in 2022, has also been extended for another five years until the end of 2030.
“Our search for additional brands – both established and rising stars – remains a priority,” Madar said.
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On its 2023 outlook, Inter Parfums’ chief financial officer Michel Awood said: “With two months under our belt and sizable orders already booked, the year should be even better than we initially expected. It now appears that 2023 net sales will approximate USD1.2 billion, 10 percent ahead of 2022 net sales.”