Web Summary
Q1: What is the company name and its operational structure?
A1: The company name is Inter Parfums, Inc., and it operates in two segments: European based operations through its 72% owned subsidiary, Interparfums SA, and United States based operations.
Q2: In which year did Interparfums, Inc. start operating in the global fragrance business?
A2: Interparfums, Inc. has been operating in the global fragrance business since 1982.
Q3: What percentage of net sales for the year ended December 31, 2023, were attributed to European based operations?
A3: Fragrance product sales through our European operations represented approximately 65% of net sales for the year ended December 31, 2023.
Q4: Which brands are part of Interparfums' portfolio of prestige brands in Europe?
A4: The portfolio includes Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, Lanvin, Moncler, Montblanc, Rochas, and Van Cleef & Arpels.
Q5: What percentage of net sales for the year ended December 31, 2023, were attributed to United States based operations?
A5: Prestige brand fragrance products are also produced and marketed through our United States operations and represented approximately 35% of net sales for the year ended December 31, 2023.
Q6: Which brands are part of Interparfums' portfolio in the United States?
A6: The portfolio includes Abercrombie & Fitch, Anna Sui, Donna Karan, DKNY, Ferragamo, Graff, GUESS, Hollister, MCM, Oscar de la Renta, Roberto Cavalli, and Ungaro.
Q7: Where are Interparfums' common stock listed for trading?
A7: Interparfums’ common stock is listed on The Nasdaq Global Select Market under the trading symbol “IPAR”.
Q8: How does Interparfums source its needed components for manufacturing?
A8: Interparfums acts as a general contractor and sources its needed components from suppliers, which are either received and stored directly at third-party fillers or received at one of their distribution centers before being sent to third-party fillers for manufacturing.