Inter Parfums, Inc. announced that for the three months ended December 31, 2014, net sales increased 18.6% to $125.1 million, as compared to $105.5 million for the final quarter of 2013. At comparable foreign currency exchange rates, consolidated fourth quarter net sales increased 24.9%. For the full year, net sales from ongoing brands (excluding Burberry) rose 15.3% to $499.3 million from 2013’s $433.1 million. .
“For the final quarter, our three largest brands (Montblanc, Lanvin and Jimmy Choo) performed exceptionally, with sales up 14.0%, 23.9% and 49.6% respectively," said Jean Madar, chairman and CEO, Inter Parfums. "The growth in Montblanc and Lanvin brand sales came from established scents, while the launch and rollout of Jimmy Choo Man drove the increase in brand sales. The introduction of our first Karl Lagerfeld fragrances for men and women over the summer also contributed $3.5 million of incremental sales. Of special note, Montblanc emerged as our largest brand by the close of 2014.”
This article originally appeared in GCI Magazine.
