Interparfums SA Sales Gain 29% in H1

PARIS — Interparfums SA’s first-half sales in 2017 rose 29 percent, bolstered by organic gains from existing fragrance lines and numerous recent well-received perfume launches, including Coach, Mademoiselle Rochas, Jimmy Choo L’Eau, Jimmy Choo Man Ice and Lanvin Modern Princess.
Consolidated sales in the six months ended June 30 for the Paris-based subsidiary of Interparfums Inc., of New York, reached 209.3 million euros. At constant exchange rates, the revenues advanced 27.5 percent.
Interparfums SA notched up sales growth in all regions, especially North America, where the increase was 33 percent, and Asia, with 29 percent. The company said the progression was more moderate in Western Europe due to a tough comparable with first-half 2016 resulting from the introduction of the Montblanc Legend Spirit line.
Philippe Benacin, Interparfums SA chairman and chief executive officer, discussed the sale of Jimmy Choo to Michael Kors during a meeting with journalists held in Paris on Wednesday. It had been reported prior to the deal’s announcement on Tuesday that Interparfums, the holder of Jimmy Choo’s fragrance license, had been working with Chinese private equity group Hony Capital on a joint bid to acquire the luxury footwear firm.
Benacin said when Jimmy Choo was put up for sale a few months

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