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Raises 2011 guidance with launch of Burberry fragrance.
January 25, 2011
By: TOM BRANNA
Editor
Inter Parfums, Inc. announced that net sales for 2010 increased 12.4% to $460.4 million. However, net sales for the fourth quarter of 2010 reached $112.5 million, off slightly from $112.9 million in the fourth quarter of 2009. On the subject of U.S.-based operations, Jean Madar, chairman and chief executive officer, pointed out, “As expected, following certain inventory shortfalls in the third quarter that pushed those shipments into the fourth quarter, sales were 2% ahead of the final quart...
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