Oscar De La Renta Ends Perfume Self Run Business

< p > recently, it is reported that the American luxury fashion brand Oscar de la Renta LLC will end more than three years of perfume self catering business.

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< p > perfume manufacturer Inter Parfums Inc. (NASDAQ GS:IPAR) announced that its wholly owned subsidiary, Inter Parfums USA LLC, has signed an agreement with the Oscar, Parfums and USA to obtain the exclusive agency rights of the latter's perfume and beauty products.

The paction is expected to be completed in December 2, 2013, when Inter Parfums USA LLC will take over the production and distribution of Oscar de la Renta LLC existing perfume series.

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After the court arbitration at the end of 2009, it was difficult to get the agent of perfume and beauty products from the L 'Or e al SA (OREP.PA) L'OREAL. Oscar de la Renta LLC began to rebuild perfume and beauty products business under the leadership of the designer, P, chief executive officer of the group. The group chief executive pointed out that the situation was very difficult at that time. "We are being swept away by Sax (Nyman Markus) and most of the" Messi (department store) ", he revealed to him.

In the end, Oscar de la Renta LLC cleaned up redundant businesses and successfully launched Esprit d 'Oscar, Live in Love and in three new fragrances, so that the business scale of the Department expanded by three times than in 2009. According to the industry estimates, the annual sales volume of perfume retail sales reached nearly one hundred million dollars.

Alex Bolen hopes to cooperate with Inter Parfums USA LLC to help Oscar de la Renta achieve the goal of rapid expansion business.

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< p > Inter Parfums USA LLC plans to launch a new perfume for Oscar de la Renta LLC next year, and intends to acquire the hotel supplies business of the cooperation between Oscar Oscar and The Peninsula Hotel.

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< p > Oscar de la Renta LLC is Inter Parfums Inc. (NASDAQ GS:IPAR) that has lost the fourth rights of the "Parfums" (Bob) perfume agent after the acquisition of the "Parfums" Inc. (NASDAQ). The former three brands are "Dunhill," and "Shanghai".

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< p > Inter Parfums Inc. (NASDAQ GS:IPAR) board chairman and chief executive Jean Madar said that the existing brand Anna Sui Anna Sui, Montblanc MontBlanc and langlangen sales increased by more than 20%. Therefore, he is confident that the group can make up for the loss of business in three years.

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< p > as of June 30, 2013, the net sales of Inter Parfums Inc. (NASDAQ GS:IPAR) decreased 19.3% to 117 million 500 thousand US dollars in the two quarter from last year's US $145 million 600 thousand, such as the sale of Burberry Boboli brand, and sales in the two quarter increased 17% to 96 million 800 thousand US dollars last year.

Gross profit margin plummeted by 670 basis points to 54.1%, compared with 60.8% last year.

Net profit of $3 million 800 thousand, diluted earnings per share of 12 cents, respectively, compared with the same period last year 6 million US dollars and 20 cents a significant decline of 36.7% and 40%.

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The sales volume of Europe's business with P brand continued to grow at 72 million US dollars, an increase of 15% over the same period last year of 62 million 800 thousand US dollars. If we take the Burberry boboley brand into account, the European business will decrease by 26.2% over the same period last year.

Us business achieved 24.4% sales growth, sales rose from US $20 million last year to US $24 million 800 thousand, driven by the expansion of Anna Sui perfume retail distribution. In addition, the Alfred Dunhill and Inter Parfums Inc. (NASDAQ:IPAR) agency agreement came into effect on April 3rd, and also contributed to the two quarter sales.

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