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Also raises annual guidance to $525 million.
July 24, 2013
By: TOM BRANNA
Editor
For the three months ended June 30, 2013, Inter Parfums, Inc. reported that net sales of the company’s ongoing brands (excluding Burberry brand sales) increased 17% to $96.8 million, with strong growth in both its European and US-based operations. Burberry brand sales amounted to $20.6 million for the second quarter of 2013 and represented the sale of inventory to Burberry and some authorized sell-off of remaining Burberry finished goods generating minimal margins. However, when the contributi...
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