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Inter Parfums Inc. (IPAR) Knows the Sweet Smell of Success

Inter Parfums Inc. is a company which operates in the Personal Products industry and sells their products in more than 120 countries around the world. They develop, produce, and market prestige perfumes and cosmetics. Inter Parfums also makes and distributes mass-market fragrances and fragrance-related products.

Headquartered in New York City, they list on NASDAQ and are included on the Russell 2000 and Russell 3000 Indexes. They are the worldwide licensee for Burberry, Paul Smith, S.T. Dupont, Christian Lacroix, Quicksilver/Roxy, and Van Cleef & Arpels. The company owns Lanvin Perfumes and Nickel S.A. which is their men’s skin care arm. Their mass-market lines include Aziza, Intimate, and Johnson Parker, among others.

Inter Parfum designs and manufactures products for Banana Republic, New York & Company, and the Gap. They have exclusive agreements with these specialty retailers. They also have an exclusive agreement for supplying personal care products for men and women to Brooks Brothers. In April, Inter Parfums, Inc announced that they expanded their current relationship with Gap Inc. (NYSE: GPS). They now have a four-year licensing agreement for international distribution of personal care products through Gap and Banana Republic stores, as well as select specialty and department stores outside the United States. This includes duty-free and other travel-related retailers.

On April 25, 2008, Inter Parfums, Inc. announced that net sales for the first quarter of 2008 were approximately $123.2 million. This is 45 percent ahead of 2007’s $85.1 million. Net sales for the first quarter were up 35 percent. Prestige fragrance products made up 85 percent of the company’s 2007 net sales. In addition, Burberry, which is their largest brand, accounted for 54 percent of total 2007 sales.

With their wide selection of high-quality perfumes, and healthy 2007 sales growth, Inter Parfums knows the sweet smell of success. They continue to select beneficial licensing arrangements as well as produce fashionable products that today’s consumer desire. They hope to continue to provide their fragrances (and cosmetics) to discerning customers who have a nose for quality.

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