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European operations grew sales by 26% in dollars or 29% in constant currency with its three largest brands generating exceptional growth: CEO Jean Madar.
April 25, 2023
By: Lianna Albrizio
Associate Editor
Net sales for Inter Parfums, Inc. rose to a record $312 million, a 24% increase from $251 million in the first quarter of 2022 for the three months ended March 31, 2023, officials said. At comparable foreign currency exchange rates, consolidated first quarter net sales increased 27% from the first quarter of 2022. Of note, the average dollar/euro exchange rates for the 2023 and 2022 first quarters were 1.07 and 1.12, respectively, leading to a negative 2.4% foreign exchange impact. ...
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