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Inter Parfums’ Posts Gains in Q3

Sales rise 3.5% for fragrance house.

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By: TOM BRANNA

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Inter Parfums' Q3 sales increased 3.5% to $138.9 million, . At comparable foreign currency exchange rates, consolidated third quarter net sales increased 11.4%. According to Jean Madar, chairman and CEO, the 16% depreciation of the euro versus the dollar from last year’s third quarter turned the 27% local currency growth of product sales for Inter Parfums' European based operations into a much more modest increase of 6.5%. Madar said that the currency impact was most apparent with i...

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