We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Oct 2, 20201:38am

Interparfums grows 9% in the first half raised by Karl Lagerfeld parfums

The licensed parfums group for brands like Coach, Lanvin or Montblanc has registered sales for 238.4 million euros (266.6 million dollars) in the first half of the year.

Jul 24, 2019 — 4:30pm
Mds
Save

Interparfums grows 9% in the first half raised by Karl Lagerfeld parfums

 

 

Interparfums keeps the rhythm up. The licensed parfums group for brands like Coach, Lanvin or Montblanc has closed its first half of the year with a rise of 9%, up to 238.4 million euro (266.6 million dollars). The rise in its sales is because of the good performance of Karl Lagerfeld parfum line, that has risen its income 36%, up to 7.2 million euros (8 million dollars).

 

The rest of the brands of the group have also registered a positive evolution in the first half of the year. Montblanc’s incomes have increased 26% in the period, up to 71.8 million euros (80.2 million dollars). Coach on the other hand grows 11%, up to 41.7 million euros (46.5 million dollars) during the first semester. Van Cleef&Arpels, has risen 22%, up to 9.5 million euros (10.6 million dollars).

 

 

 

 

Lanvin parfums on the other hand, have closed the semester with a downfall of 5%, to 28.1 million euros (31,3 million dollars). Sales for Rochas and Boucheron have also shrunken during the period, falls of 10% and 4% respectively.

 

By regions, Middle East has registered the best evolutions of the group during the period, with a rise of 31%. In North America and Occidental Europe, the income of the group has risen 9%, meanwhile in France and Latin America the numbers have fallen 2% in both regions.   

 

Philippe Benacin, president and CEO of the group has stated in a press release that he is satisfied with the results achieved during the first half and keeps its forecast for the end of the year, in which the group plans to achieve an income of 480 million euros (536 million dollars).

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...