×
80 213
Fashion Jobs
MACY'S
Asset Protection Detective, Eastridge - Full Time
Permanent · San Jose
MACY'S
Asset Protection Detective, Stonebriar Centre - Part Time
Permanent · Frisco
OLD NAVY
Assistant General Manager - South Meadow Square
Permanent · Ithaca
JOCKEY
Human Resources Business Partner - Hybrid in Person
Permanent · Kenosha
NIKE
Senior Financial Analyst, Global Supply Chain Finance
Permanent · Beaverton
NIKE
North America Merchandise Manager- jd Sports/ Finish Line Men's Lifestyle Footwear
Permanent · Beaverton
NIKE
Expert Technical Recovery Consultant (Open to Remote Work, Except The Following Locations: sd, vt, And wv)
Permanent · Beaverton
NIKE
North America Merchandise Manager-Nike Direct Digital Commerce-Kids Performance Footwear
Permanent · Beaverton
NIKE
Inventory Controls Specialist
Permanent · Beaverton
NIKE
Technology Director – Consumer Creation Business Intelligence
Permanent · Beaverton
ESTÉE LAUDER
Director, Omni Education Marketing
Permanent · New York
ESTÉE LAUDER
Manager, Performance Marketing Analytics
Permanent · New York
TAPESTRY
Planner, Global Merchandise Planning
Permanent · New York
MICHAEL KORS RETAIL INC
Sales Supervisor
Permanent · Oak Brook
DESIGNER BRANDS
Merch Vendor Compliance Analyst
Permanent · Columbus
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Spring
GAP
District Manager - Atlanta
Permanent · San Francisco
GUESS
Account Executive
Permanent · New York
KOHLS
Loss Prevention Operations Center Investigator- 3rd Shift
Permanent · Menomonee Falls
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Knoxville
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Roseville
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Marion
Translated by
Nicola Mira
Published
Jul 25, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Weak growth for Interparfums in Q2

Translated by
Nicola Mira
Published
Jul 25, 2018

In the second quarter of the 2018 financial year, fragrance design and distribution specialist Interparfums (operating among others the Montblanc, Coach and Boucheron licences) recorded a revenue of €97 million, compared to €96.9 million a year earlier. The stagnation in Interparfums’s business was due to the adverse impact of exchange rate fluctuations and a lack of major new product launches.


Advert for the Coach Floral fragrance - Interparfums


In the period in question, sales for the leader of Interparfums’s brand portfolio, Montblanc, lost 16.4%, reaching €22.9 million, while the Jimmy Choo fragrances, the group’s number two in terms of revenue, recorded flat sales at €23 million. Conversely, Coach fragrances, whose licence was acquired by Interparfums in April 2015, posted remarkable growth, with sales worth €15 million compared to €8.2 million in the same period last year. After a troubled period, the Karl Lagerfeld fragrances too were back on the growth track. Thanks to the launch of the Les Parfums Matières collection, the brand’s sales increased by just over 100% in the period in question, reaching €2 million.

In the first six months of 2018, Interparfums grew its revenue by 4.5%, reaching €218.7 million (+11% at constant exchange rates). The group performed well in most of its geographical regions - with Asia-Pacific up 9% and North America up 8% - except for Western Europe, where revenue was slightly down year on year, owing to unfavourable terms of comparison, since the majority of Interparfums product launches in Europe took place in the first half of 2017.

“Though the trend in the euro-dollar exchange rate has impacted negatively on growth, this should not affect the group’s profitability in the first half of 2108. Operating margin is therefore expected to be above 15%, as in the first half of 2017, and should range between 13 and 13.5% for the whole of the 2018 financial year,” said Philippe Santi, Executive Vice President and Chief Financial Officer of Interparfums.

The group recently renewed the licence contract for the Van Cleef & Arpels fragrances for another 6 years, until December 31 2024.

Interparfums will publish its official H1 results on September 6, and is forecasting a revenue of €430 million for the full 2018 financial year.

Copyright © 2022 FashionNetwork.com All rights reserved.