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The decision to outsource the Italian luxury brand’s fragrance business after more than 20 years of in-house perfume development was hastened by a poor performance during the Covid-19 pandemic.
Author Bio Rhian Hunt grew up in a crowded Connecticut suburb before moving to Wisconsin, where he enjoys being an outdoorsman, relishing the struggle against mountainous snowfalls during the eternal-seeming winters and aerial armadas of mosquitoes over the summer. Rhian studied Business Economics and Microeconomics at the University of Wisconsin. A lifelong interest in writing led to first professional freelancing, then becoming a Motley Fool author. Scent and cosmetics maker Inter Parfums (NASDAQ:IPAR) reported its first-quarter results on May 10. At first glance, ...
Operator Greetings and welcome to the Inter Parfums Inc. First Quarter 2021 Conference Call. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. I will now turn the call over to Russell Greenberg, Executive Vice President and Chief Financial Officer of Inter Parfums. Mr. Greenberg, you may begin. Russell Greenberg -- Thank you. Good morning, and welcome to our 2021 first quarter conference call. As always, this call may contain forward-looking statements which involve known and un...
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Price action over last quarter: Up 0.28% Company Overview Inter Parfums Inc operates in the fragrance business and manufactures, markets and distributes fragrances and fragrance related products. It sells its product under the brand names called JIMMY CHOO, bebe, Paul Smith, Abercrombie & Fitch, COACH, and others. The company operates in two operating segments namely European based operations, and the United States operations. The company sells its products to department stores, perfumeries, specialty stores, and domestic and international wholesalers and distributors.