Company News, Financial News

Burberry Blunts InterParfums’ Q2

End of licensing deal hurts results

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By: TOM BRANNA

Editor

Burberry may be gone from the Inter Parfums' stable of fragrance brands, but its impact won't be forgotten—at least not for a couple of quarters, anyway. The company said net sales of ongoing brands (excluding Burberry brand sales) increased 17% to $96.8 million; while net sales including Burberry brand sales were down 19.3% to $117.5 million; at comparable foreign currency exchange rates, net sales declined 20.6%; European-based operations generated sales of ongoing brands of $72.0 mi...

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