Inter Parfums sees strong sales in final quarter of 2007

11 Mar '08

3 min read

Jean Madar, Chairman of the Board and Chief Executive Officer, stated, “As did many of our peers, we entered the fourth quarter of 2007 with much trepidation, and looked to contain costs and brace for a turbulent holiday season. With fourth quarter sales far exceeding our expectations, fourth quarter profits came in considerably better than anticipated, and as a result, our net income and diluted earnings per share surpassed our prior 2007 guidance.

With regard to U.S. based operations, among the highlights of the past year was the launch and rollout of personal care, fragrance, grooming and home fragrance products that we developed for Gap stores in North America. We also take great pride in the new products and line extensions created for Banana Republic stores.

The April 2007 agreement with New York & Company moved into the fast track and the new collections were developed, produced and delivered in time for the holiday selling season. Finally, the signing of an agreement with Brooks Brothers last November was a great way to close out the year. By the end of 2008, our plans call for new products to be introduced into the 200 U.S. Brooks Brothers stores.”

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