Lanvin and Jimmy Choo sales help boost Inter Parfums results
Posted By Stephanie Tripp on July 27, 2011
The company said that the second quarter sales grew by 7 per cent to reach €77.4m, although this figure was negatively impacted by currency translations, which meant that actual sales grew by just 2.5 per cent.
“This year in progress is atypical in terms of results with very high margins in the first six months followed by internationally lower levels in the second half linke to significant marketing and advertising investment planned for the launch campaign in the fall for Burberry Body lines,” said Philippe Benacin, Inter Parfums CEO.
For the first six months of the financial year sales grew by 8 percent at constant exchange rates to reach €163.0m, compared to €150.7m in the corresponding period in 2010.
Paul Smith, Lanvin and Jimmy Chooo
In particular sales of Paul Smith Fragrances grew by 19 per cent to €7.1m during the six month period, while Lanvin fragrances chalked up growth of 14 per cent to €26.2m and Jimmy Choo sales grew 13.1m following its launch at the end of last year..
The increase in sales for the Lanvin brand was attributed to the three women’s fragrances – Eclat d/ Arpege, Jeanne Lanvin and Marry Me! – which all provided ‘steady sources of revenue’.
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