Interparfums Inc. has reported file 2024 fourth quarter and full yr internet gross sales on Wednesday, January 22. Internet gross sales rose 10% to $362 million and 10% to $1.45 billion, from the identical intervals in 2023, respectively.
Gross sales had been pushed by a robust manufacturers efficiency, with Jimmy Choo, the group’s largest model, rising by 11% and seven% for the fourth quarter and full yr 2024, respectively, attributable to the continuing success of the I Need Choo franchise. Gross sales of Montblanc and Coach, Interparfums’ second and third largest manufacturers, had been broadly flat in opposition to a really excessive base interval in 2023 the place gross sales grew by 15% and 25%, respectively.
Managed by the group’s European primarily based operations, Lacoste exceeded the corporate’s expectations for its first yr, attaining $85 million in 2024 internet gross sales.
The group’s European primarily based operations gross sales rose by 6% and 10% for the fourth quarter and full yr 2024, whereas United States primarily based operations gross sales grew by 16% and 12% for the fourth quarter and full yr 2024, respectively, primarily pushed by Guess, Donna Karan/DKNY, and the addition of Roberto Cavalli.
“Whereas potential geopolitical and financial issues proceed to restrict our 2025 visibility, because of the rising demand for premium merchandise, increasing e-commerce channels, and robust pipeline of latest launches throughout our status portfolio, we’re poised for 2025 to be one other record-setting yr,” concluded Jean Madar, Chairman & Chief Govt Officer of Interparfums.
Final December, Interparfums signed an settlement to market the Off-White model within the fragrance and sweetness classes and likewise renewed its licensing contract with Van Cleef & Arpels for a interval of 9 years, till December 31, 2033.
