Burberry fragrance sees growth E-mail
Friday, 10 March 2006

Burberry London is set to become one of the strongest fragrances for Inter Parfums', according to US fragrance manufacturer Inter Parfums ceo Jean Madar. The evaluation is based on the fragrance's performance to date in the UK, where it launched in February exclusively at Selfridges. The fragrance is now launching globally. US distribution is to a 400 door network including Saks Fifth Avenue, Bloomingdale's, Bergdorf Goodman, Nordstrom and Neiman Marcus.

"We are still on track to introduce a new women's fragrance for Lanvin and new men's lines for Paul Smith, S.T. Dupont and Nickel later this year," Madar added. The 2006 guidance for Inter Parfums puts sales at $301m compared to $273m this year and net income at $16.9m versus $15.3m in 2005.

Inter Parfums' 2005 bottom line dropped on-year due, Madar explained, to the start-up costs involved in the Gap Inc deal signed in July. The deal has been extended to Gap Outlet stores and Banana Republic Factory Stores this week.


 
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