Interparfums Inc. reviews 10% gross sales progress in 2024 pushed by Choo and Lacoste

Interparfums Inc. has reported file 2024 fourth quarter and full yr internet gross sales on Wednesday, January 22. Web gross sales rose 10% to $362 million and 10% to $1.45 billion, from the identical durations 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 continued 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, reaching $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, due to the rising demand for premium merchandise, increasing e-commerce channels, and robust pipeline of recent launches throughout our status portfolio, we’re poised for 2025 to be one other record-setting yr,” concluded Jean Madar, Chairman & Chief Government Officer of Interparfums.

Final December, Interparfums signed an settlement to market the Off-White model within the fragrance and wonder classes and likewise renewed its licensing contract with Van Cleef & Arpels for a interval of 9 years, till December 31, 2033.