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Strong brand portfolio gets credit for surge.
August 10, 2010
By: TOM BRANNA
Editor
Inter Parfums Inc., New York, reported second-quarter profits jumped 26.7% to of $5.4 million, beating consensus estimates by 1 cent. Sales for the quarter ended June 30 reached $107.8 million, a 21.6 percent increase from a year ago. The firm attributed the results to “the strength of [its] existing brand portfolio,” which is being expanded “with new, high-value brands.” Inter Parfums announced new specialty retail and licensing agreements with the Betsey Johnson and Nine West...
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