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Inter Parfums Banks on 2009 Product Rollouts

Sales are down, but company is optimistic on new launches

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By: TOM BRANNA

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Inter Parfums, Inc. posted results for the first quarter ended March 31, 2009. Net sales declined 27% to $90.4 million‹with sales by U.S.-based operations dropping 33% to $8.4 million, and European-based operations slipping 26% to $82 million. Chairman and CEO of Inter Parfums Jean Madar noted, ³As we previously reported, the global economic crisis and its impact on discretionary consumer spending were certainly factors in the comparable quarter decline in sales, but there were other reas...

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