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Inter Parfums Up 12.3% in 2nd Quarter Sales

The Jimmy Choo signature fragrance launch helped boost second quarter sales.

Inter Parfums Inc., New York, reported that net sales for the second quarter of 2011 were approximately $121.1 million, a 12.3% increase from $107.8 million over last year’s second quarter.

“The initial launch of the Jimmy Choo signature fragrance and the inclusion of legacy Montblanc fragrances plus Legend, a new scent for men, accounted for much of the increase in second quarter sales,” explained European-based operations Jean Madar, Chairman & CEO of Inter Parfums. “In addition, Inter Parfums Luxury Brands, our recently formed U.S. distribution subsidiary, contributed to the increase in second quarter sales. That said, second quarter sales were less than expected due to the June opening of our new 340,000 square foot state-of-the-art distribution center outside of Paris. With the transfer of inventory to the new distribution center, and certain other transitional issues, certain shipments that were scheduled for June were delayed until the third quarter.”

In the U.S.-based operations, Madar pointed out during the second quarter the company commenced shipments of Caciquebody for certain Lane Bryant stores, and initial indications are good. “We are especially enthusiastic about the launch of Betsey Johnson Too Too coming this fall, as well as our third bebe fragrance in as many years, Gold, coming to bebe stores next month,” he said.

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