Latest news with #JimmyChooMan
Fashion Network
25-07-2025
- Business
- Fashion Network
Buoyed by Lacoste, Coach, and Jimmy Choo, Interparfums grows by 5.8% in the first half of 2025
The Interparfums group posted sales of 446.9 million euros for the first half of 2025, up 5.8% on the same period last year. These results were mainly driven by the strong momentum of the Lacoste and Coach brands, and by the results of Jimmy Choo. On Tuesday, Interparfums also announced that it has signed a perfume license agreement with Longchamp until December 31, 2036, with immediate effect and a first launch scheduled for 2027. In the first half of 2025, sales of Lacoste's perfume segment rose by 42% to 52.2 million euros. The brand confirmed the positive trajectory it began in 2024, and Interparfums hopes it will reach 100 million euros in sales for the current financial year as a whole. For its part, the fragrance segment of New York brand Coach grew by 24% between the first half of 2024 and 2025, reaching 106 million euros in sales thanks to the launch of the Coach For Men Eau de Parfum line in the first quarter, and Coach Women Gold in the second. Lacoste, Coach, and Jimmy Choo fragrances in vogue Jimmy Choo posted half-year sales of 104 million euros thanks to its "I Want Choo" women's franchise, launched in 2021 and soon to be expanded with a fourth iteration. The first-quarter launch of a new fragrance in the Jimmy Choo Man franchise also contributed to this. Perfumes from Rochas reached 19.8 million euros (-3%), with the launch of the Rochas Audace and Eau de Rochas Néroli Azur lines, while Lanvin sales reached 19.5 million euros (-7%). Montblanc results were down 10%, slowed by the decline of the Montblanc Legend Red and Montblanc Legend Blue lines. The other brands (Karl Lagerfeld, Van Cleef & Arpels, Boucheron, Kate Spade, Moncler) reported stable cumulative sales of 52.6 million euros over the same period. At group level, the situation is very different in each geographic zone. North America, Interparfums' main market, achieved sales of 164 million euros in the first half of 2025 (+15% on the same period in 2024), but the Group's forecasts point to a "more difficult" second half of the year. In Asia, the dynamic remains positive in China and Japan, despite distribution continuing to weigh on the market. The region accounted for sales of 62.2 million euros in the first half. Business in the Middle East affected by geopolitical crises In Western Europe, the resumption of Lacoste's fragrance distribution and the Lacoste Original and Montblanc Explorer Extrême lines enabled the Interparfums group to achieve sales of 84.7 million euros over the first half of the 2025 financial year. In Eastern Europe, the relaunch of Lacoste fragrances and good results from Lanvin and Karl Lagerfeld fragrances drove sales to 35.3 million euros over the same period (+15%). The Middle East suffered from the repercussions of existing conflicts in the region and a reduction in the number of points of sale. Sales in the region fell by 13% between the first half of 2024 and 2025, when they reached 24.9 million euros. While Interparfums chairman and CEO Philippe Bénacin stressed an "increasingly complex environment", the group indicated that it could take comparable measures in the autumn should US tariffs reach 30% this August 1. For the time being, Interparfums estimates full-year sales for 2025 at €910 million.
Fashion Network
25-07-2025
- Business
- Fashion Network
Buoyed by Lacoste, Coach, and Jimmy Choo, Interparfums grows by 5.8% in the first half of 2025
The Interparfums group posted sales of 446.9 million euros for the first half of 2025, up 5.8% on the same period last year. These results were mainly driven by the strong momentum of the Lacoste and Coach brands, and by the results of Jimmy Choo. On Tuesday, Interparfums also announced that it has signed a perfume license agreement with Longchamp until December 31, 2036, with immediate effect and a first launch scheduled for 2027. In the first half of 2025, sales of Lacoste's perfume segment rose by 42% to 52.2 million euros. The brand confirmed the positive trajectory it began in 2024, and Interparfums hopes it will reach 100 million euros in sales for the current financial year as a whole. For its part, the fragrance segment of New York brand Coach grew by 24% between the first half of 2024 and 2025, reaching 106 million euros in sales thanks to the launch of the Coach For Men Eau de Parfum line in the first quarter, and Coach Women Gold in the second. Lacoste, Coach, and Jimmy Choo fragrances in vogue Jimmy Choo posted half-year sales of 104 million euros thanks to its "I Want Choo" women's franchise, launched in 2021 and soon to be expanded with a fourth iteration. The first-quarter launch of a new fragrance in the Jimmy Choo Man franchise also contributed to this. Perfumes from Rochas reached 19.8 million euros (-3%), with the launch of the Rochas Audace and Eau de Rochas Néroli Azur lines, while Lanvin sales reached 19.5 million euros (-7%). Montblanc results were down 10%, slowed by the decline of the Montblanc Legend Red and Montblanc Legend Blue lines. The other brands (Karl Lagerfeld, Van Cleef & Arpels, Boucheron, Kate Spade, Moncler) reported stable cumulative sales of 52.6 million euros over the same period. At group level, the situation is very different in each geographic zone. North America, Interparfums' main market, achieved sales of 164 million euros in the first half of 2025 (+15% on the same period in 2024), but the Group's forecasts point to a "more difficult" second half of the year. In Asia, the dynamic remains positive in China and Japan, despite distribution continuing to weigh on the market. The region accounted for sales of 62.2 million euros in the first half. Business in the Middle East affected by geopolitical crises In Western Europe, the resumption of Lacoste's fragrance distribution and the Lacoste Original and Montblanc Explorer Extrême lines enabled the Interparfums group to achieve sales of 84.7 million euros over the first half of the 2025 financial year. In Eastern Europe, the relaunch of Lacoste fragrances and good results from Lanvin and Karl Lagerfeld fragrances drove sales to 35.3 million euros over the same period (+15%). The Middle East suffered from the repercussions of existing conflicts in the region and a reduction in the number of points of sale. Sales in the region fell by 13% between the first half of 2024 and 2025, when they reached 24.9 million euros. While Interparfums chairman and CEO Philippe Bénacin stressed an "increasingly complex environment", the group indicated that it could take comparable measures in the autumn should US tariffs reach 30% this August 1. For the time being, Interparfums estimates full-year sales for 2025 at €910 million.
Fashion Network
25-07-2025
- Business
- Fashion Network
Buoyed by Lacoste, Coach, and Jimmy Choo, Interparfums grows by 5.8% in the first half of 2025
The Interparfums group posted sales of 446.9 million euros for the first half of 2025, up 5.8% on the same period last year. These results were mainly driven by the strong momentum of the Lacoste and Coach brands, and by the results of Jimmy Choo. On Tuesday, Interparfums also announced that it has signed a perfume license agreement with Longchamp until December 31, 2036, with immediate effect and a first launch scheduled for 2027. In the first half of 2025, sales of Lacoste's perfume segment rose by 42% to 52.2 million euros. The brand confirmed the positive trajectory it began in 2024, and Interparfums hopes it will reach 100 million euros in sales for the current financial year as a whole. For its part, the fragrance segment of New York brand Coach grew by 24% between the first half of 2024 and 2025, reaching 106 million euros in sales thanks to the launch of the Coach For Men Eau de Parfum line in the first quarter, and Coach Women Gold in the second. Lacoste, Coach, and Jimmy Choo fragrances in vogue Jimmy Choo posted half-year sales of 104 million euros thanks to its "I Want Choo" women's franchise, launched in 2021 and soon to be expanded with a fourth iteration. The first-quarter launch of a new fragrance in the Jimmy Choo Man franchise also contributed to this. Perfumes from Rochas reached 19.8 million euros (-3%), with the launch of the Rochas Audace and Eau de Rochas Néroli Azur lines, while Lanvin sales reached 19.5 million euros (-7%). Montblanc results were down 10%, slowed by the decline of the Montblanc Legend Red and Montblanc Legend Blue lines. The other brands (Karl Lagerfeld, Van Cleef & Arpels, Boucheron, Kate Spade, Moncler) reported stable cumulative sales of 52.6 million euros over the same period. At group level, the situation is very different in each geographic zone. North America, Interparfums' main market, achieved sales of 164 million euros in the first half of 2025 (+15% on the same period in 2024), but the Group's forecasts point to a "more difficult" second half of the year. In Asia, the dynamic remains positive in China and Japan, despite distribution continuing to weigh on the market. The region accounted for sales of 62.2 million euros in the first half. Business in the Middle East affected by geopolitical crises In Western Europe, the resumption of Lacoste's fragrance distribution and the Lacoste Original and Montblanc Explorer Extrême lines enabled the Interparfums group to achieve sales of 84.7 million euros over the first half of the 2025 financial year. In Eastern Europe, the relaunch of Lacoste fragrances and good results from Lanvin and Karl Lagerfeld fragrances drove sales to 35.3 million euros over the same period (+15%). The Middle East suffered from the repercussions of existing conflicts in the region and a reduction in the number of points of sale. Sales in the region fell by 13% between the first half of 2024 and 2025, when they reached 24.9 million euros. While Interparfums chairman and CEO Philippe Bénacin stressed an "increasingly complex environment", the group indicated that it could take comparable measures in the autumn should US tariffs reach 30% this August 1. For the time being, Interparfums estimates full-year sales for 2025 at €910 million.
Fashion Network
25-07-2025
- Business
- Fashion Network
Buoyed by Lacoste, Coach, and Jimmy Choo, Interparfums grows by 5.8% in the first half of 2025
The Interparfums group posted sales of 446.9 million euros for the first half of 2025, up 5.8% on the same period last year. These results were mainly driven by the strong momentum of the Lacoste and Coach brands, and by the results of Jimmy Choo. On Tuesday, Interparfums also announced that it has signed a perfume license agreement with Longchamp until December 31, 2036, with immediate effect and a first launch scheduled for 2027. In the first half of 2025, sales of Lacoste's perfume segment rose by 42% to 52.2 million euros. The brand confirmed the positive trajectory it began in 2024, and Interparfums hopes it will reach 100 million euros in sales for the current financial year as a whole. For its part, the fragrance segment of New York brand Coach grew by 24% between the first half of 2024 and 2025, reaching 106 million euros in sales thanks to the launch of the Coach For Men Eau de Parfum line in the first quarter, and Coach Women Gold in the second. Lacoste, Coach, and Jimmy Choo fragrances in vogue Jimmy Choo posted half-year sales of 104 million euros thanks to its "I Want Choo" women's franchise, launched in 2021 and soon to be expanded with a fourth iteration. The first-quarter launch of a new fragrance in the Jimmy Choo Man franchise also contributed to this. Perfumes from Rochas reached 19.8 million euros (-3%), with the launch of the Rochas Audace and Eau de Rochas Néroli Azur lines, while Lanvin sales reached 19.5 million euros (-7%). Montblanc results were down 10%, slowed by the decline of the Montblanc Legend Red and Montblanc Legend Blue lines. The other brands (Karl Lagerfeld, Van Cleef & Arpels, Boucheron, Kate Spade, Moncler) reported stable cumulative sales of 52.6 million euros over the same period. At group level, the situation is very different in each geographic zone. North America, Interparfums' main market, achieved sales of 164 million euros in the first half of 2025 (+15% on the same period in 2024), but the Group's forecasts point to a "more difficult" second half of the year. In Asia, the dynamic remains positive in China and Japan, despite distribution continuing to weigh on the market. The region accounted for sales of 62.2 million euros in the first half. Business in the Middle East affected by geopolitical crises In Western Europe, the resumption of Lacoste's fragrance distribution and the Lacoste Original and Montblanc Explorer Extrême lines enabled the Interparfums group to achieve sales of 84.7 million euros over the first half of the 2025 financial year. In Eastern Europe, the relaunch of Lacoste fragrances and good results from Lanvin and Karl Lagerfeld fragrances drove sales to 35.3 million euros over the same period (+15%). The Middle East suffered from the repercussions of existing conflicts in the region and a reduction in the number of points of sale. Sales in the region fell by 13% between the first half of 2024 and 2025, when they reached 24.9 million euros. While Interparfums chairman and CEO Philippe Bénacin stressed an "increasingly complex environment", the group indicated that it could take comparable measures in the autumn should US tariffs reach 30% this August 1. For the time being, Interparfums estimates full-year sales for 2025 at €910 million.
Business Upturn
23-04-2025
- Business
- Business Upturn
Interparfums, Inc. Reports Record 2025 First Quarter Sales
Reaffirms FY2025 Guidance 2025 First Quarter Conference Call Scheduled for May 6, 2025 NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) — Interparfums, Inc. (NASDAQ GS: IPAR) ('Interparfums' or the 'Company') today announced that for the three months ended March 31, 2025, net sales rose to $339 million, up 5% from $324 million in the first quarter of 2024. Net Sales ($ in millions) Three Months Ended March 31, 2025 2024 % Change Total Interparfums, Inc. $339 $324 5% European based net sales $248 $231 7% United States based net sales* $94 $96 (1%) Elimination of intercompany sales ($3) ($3) flat *United States based organic net sales increased by 3%, excluding the impact of the discontinued Dunhill license. The average dollar/euro exchange rate for the 2025 first quarter was 1.05 compared to 1.09 in the 2024 first quarter leading to a negative 1% foreign exchange impact. Management Commentary: Jean Madar, Chairman & Chief Executive Officer of Interparfums stated, 'During the first quarter of 2025, our consolidated net sales rose by 5% on a reported basis and 7% on an organic basis, fueled by demand for many of our key brands and our robust innovation pipeline. Despite a challenging and uncertain global environment, we remained focused and agile, effectively leveraging the ongoing strength of the fragrance market to deliver another record first quarter performance in net sales. 'Sales by European based operations increased 7% compared to the same period last year, led by three of our top brands: Jimmy Choo, Coach, and Lacoste, which grew by 36%, 11%, and 30%, respectively. Jimmy Choo continued to benefit from strong performance for the I Want Choo and Jimmy Choo Man franchises. The introduction of Coach Man Extreme and healthy performance across the established lines spurred an increase in overall Coach sales and strong demand for Lacoste fragrances continued as the brand entered its second year under our management. While we expect Montblanc fragrance sales to increase through the balance of 2025, especially with the introduction of Montblanc Explorer Extreme later this year, brand sales declined 16% due to the high bar set in last year's first quarter following the debut of Montblanc Legend Blue. 'For United States based operations, 2025 first quarter organic sales increased 3% off a very high base in the prior year period where we achieved 11% organic sales growth. The discontinuation of the Dunhill license had a 4% negative impact, leading to a 1% decline in reported sales for the quarter. 'Donna Karan/DKNY fragrance sales rose by 5% with the continued strength of our Cashmere Mist franchise. MCM sales grew by 17% with the rollout of the Park Collection . Following the start of its fragrance distribution in February 2024, Roberto Cavalli delivered a 28% increase in net sales. Despite strong momentum from the fashion house and early success of Iconic , GUESS fragrance sales declined slightly due to a very high base in the same period last year when the brand's sales rose 21%.' Mr. Madar concluded, 'Once again, we are navigating a complex landscape including new tariffs that we are addressing through supply chain adjustments. The ERP system we recently implemented, coupled with our organizational talent upgrades, enables us to navigate these unprecedented times with agility. We are also planning selective price increases on certain lines in August 2025 to offset some of these higher costs. Our diversified brand portfolio, global distribution, and robust innovation pipeline have positioned us well to deliver strong performance for the balance of 2025.' Reaffirms 2025 Guidance The Company reaffirms its previously announced 2025 guidance of net sales of $1.51 billion and earnings per diluted share of $5.35, a 4% increase for both metrics. 2025 First Quarter Results and Conference Call Details The Company will issue financial results for the three months ended March 31, 2025, on Monday, May 5, 2025, after the close of the stock market. Management will host a conference call to discuss financial results and business operations beginning at 11:00 am ET on Tuesday, May 6, 2025. Interested parties may participate in the live call by dialing: U.S. / Toll-free: (877) 423-9820 International: (201) 493-6749 Participants are asked to dial-in approximately 10 minutes before the conference call is scheduled to begin. A live audio webcast will also be available in the 'Events' tab within the Investor Relations section of the Company's website at or by clicking here. The conference call will be available for webcast replay for approximately 90 days following the live event. About Interparfums, Inc.: Operating in the global fragrance business since 1982, Interparfums, Inc. produces and distributes a wide array of prestige fragrance and fragrance related products under license and other agreements with brand owners. The Company manages its business in two operating segments, European based operations, through its 72% owned subsidiary, Interparfums SA, and United States based operations, through wholly owned subsidiaries in the United States and Italy. Our portfolio of prestige brands includes Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Donna Karan/DKNY, Emanuel Ungaro, Ferragamo, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, MCM, Moncler, Montblanc, Oscar de la Renta, Roberto Cavalli, and Van Cleef & Arpels, whose products are distributed in over 120 countries around the world through an extensive and diverse network of distributors. Interparfums, Inc. is also the registered owner of several trademarks including Lanvin and Rochas. Forward-Looking Statements: Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions, and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions, or expectations will be achieved. In some cases, you can identify forward-looking statements by forward-looking words such as 'anticipate, 'believe', 'could', 'estimate', 'expect', 'intend', 'may', 'should', 'will', and 'would' or similar words. You should not rely on forward-looking statements, because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings 'Forward Looking Statements' and 'Risk Factors' in Interparfums' annual report on Form 10-K for the fiscal year ended December 31, 2024, and the reports Interparfums files from time to time with the Securities and Exchange Commission. Interparfums does not intend to and undertakes no duty to update the information contained in this press release. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
