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Inter Parfums Expects ‘Another Spectacular Year’ As Prestige Fragrance Boom Continues

 
• By Ryan Nelson

The New York-based firm recorded 24% growth in fiscal 2023 first-quarter net sales to $311.7m. The performance reflects growth across all regions as consumers continue to splurge on more expensive fragrances in larger sizes, a trend that arose at the height of the global pandemic.

In 2020, Inter Parfums virtually halted new product introductions, pulled back significantly on advertising and promotion, and ended the fiscal year on 31 December with overall net sales of $539m, down 24.5%, reported, compared with the prior year.

However, the firm’s fiscal 2020 fourth quarter was “surprisingly” strong, “in fact our best-ever fourth quarter in terms of sales,” chairman

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