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November 22, 2005
By: TOM BRANNA
Inter Parums, Inc., announced record third quarter sales of $67 million, a 16.7% increase over last year’s third quarter sales. The sales increase reflects the very successful launch of the Burberry Brit men’s line in Europe, North America and Asia. The introduction of Paul Smith London was also cited as a growth contributor. Sales of Lanvin fragrances were included as of July 1, 2004, when Inter Parfums acquired the fragrance license and inventory. Sales for the first nine months were $172.1 million, compared to $136.4 million in the comparable year-ago period. The company said it expects 2004 sales of $228 million, versus its prior forecast of $225 million.
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