After the ending of its licence agreement with Burberry, Interparfums bets on the strong growth for Montblanc, Jimmy Choo and Boucheron fragrances to achieve a 300 million euros turnover in 2013.
Interparfums has maintained its growth momentum in 2012 with revenue expected to reach 425 million euros, a rise of nearly 7% compared to 2011.
According to Interparfums, Montblanc, Jimmy Choo and Boucheron fragrances are expected to generate nearly 100 million euros in combined sales for the period, a 45% increase on the previous year, after just two years of activity as part of the group’s portfolio.
In 2013, deprived from the Burberry’s turnover, Interpafums remains confident in the potential of its current portfolio of brands: in particular, the growing successes by the Lanvin, Jimmy Choo, Montblanc and Boucheron fragrances, but also the launch of new women’s fragrance lines in the spring under the Jimmy Choo, Lanvin and Van Cleef & Arpels brands and the first significant initiatives in the fall for the Boucheron, Balmain and Repetto brands.
“With these developments, consolidated revenue of approximately 245 million euros is expected for 2013 for these ongoing brands or growth of more than 20% from 2012,” says the group. “As previously disclosed, Interparfums will continue operating the business for the Burberry brand for a period limited to the first quarter of next year. Based on the current Euro-US dollar exchange rate, sales for the 2013 full-year may reach 300 euros million.”
Furthermore, Interparfums, which should have a cash position close to 200 million euros by mid-year, confirms its will to remain focused on exploring all opportunities to expand its portfolio by seeking to add new brands either on a proprietary basis or as a licensee.