Inter Parfums 2007 guidance
This article was originally published in The Rose Sheet
Executive Summary
Firm projects sales of $365 mil. in 2007, a 19% increase over its mid-range expectation ($305.5 mil.), while net income for the year is anticipated to be $20.4 mil., 21% higher than previously announced, according to a Nov. 27 release. "The coming year is slated to be an important one for top and bottom line growth," CEO Jean Madar states. Through a partnership announced in October, Inter Parfums will be promoting jeweler Van Cleef & Arpels' First and Tsar scents, along with an entirely new fragrance line. The company will introduce new women's fragrances under Christian Lacroix and S.T. Dupont in the spring, followed by new offerings from Roxy and Paul Smith in the fall. Also in 2007, the company will begin to roll out its Gap fragrances and personal care products (1"The Rose Sheet" July 25, 2005, p. 3)...