Inter Parfums posts record fourth quarter
Inter Parfums saw its net sales rise by 15% year-on-year to a record $210.8 million in the three months to 31 December.
Sales were also up on pre-pandemic levels two years ago with an uplift of 19%.
This meant that for Inter Parfum’s full year net sales increased by 63% on 2020 to $879.6 million and by 23% on 2019.
Jean Madar, chairman and chief executive of Inter Parfums, said: “2021 was the best year in our history. Sales were at an all-time high. Guess became our fourth brand with sales in excess of $100 million, joining Montblanc, Jimmy Choo and Coach. As compared to 2019, Montblanc’s 2021 sales grew by 7%, Jimmy Choo by 34%, and both Coach and GUESS by 41%. There were also significant gains made by our mid-sized brands, especially Abercrombie & Fitch, Hollister, Oscar de la Renta, Van Cleef & Arpels and Karl Lagerfeld.”
Inter Parfums’ biggest market of North America achieved sales growth of 50% compared to 2019, while sales in western Europe and Asia climbed by 9% and 15% respectively in the period. Meanwhile, sales in Latin America and Eastern Europe saw respective uplifts of 22% and 26%, although sales in the Middle East declined.
