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Net sales climb 6.3% to $654.1 million.
January 29, 2013
By: TOM BRANNA
Editor
At Inter Parfums, Inc., 2012 net sales rose 6.3% to $654.1 million, ahead of previous guidance of $632.0 million due to better than expected fourth quarter sales. However, net sales for the fourth quarter of 2012 fell 6.4% to $176.9 million. Discussing European-based operations Jean Madar, chairman & CEO of Inter Parfums noted, “Several of the major ongoing brands in our portfolio performed exceptionally well in the fourth quarter and for the full year, primarily due to sales moment...
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