nomic recovery as well as new product launches and greater international distribution of the specialty retail brands for which we develop, produce and sell product,” noted Russell Greenberg,
executive vice president and chief financial officer at the release of
the firm’s year-end results.
And so far, the good times have kept on going in 2011—net
sales for the first quarter ended March 31 increased 11.7% to
$133.4 million. During the quarter, European-based operations
generated sales of $121.6 million, up 12.3%, and sales by US-based
operations were up 6.5% to $11.8 million.
According to Inter Parfums, the Q1 sales growth in Europe was
primarily due to the Jan. 1, 2011 commencement of prestige product distribution in the US by InterParfums Luxury Brands.
A US company that operates as a subsidiary of Inter Parfums
Inc.’s French subsidiary Inter Parfums SA, InterParfums Luxury
Brands is now leading the development and distribution of
Burberry (fragrances and cosmetics), Lanvin, Montblanc and
Jimmy Choo brands in the US. The creation of the unit in 2010
ended an agreement between Inter Parfums SA and P&G Prestige
covering the US for Burberry and Lanvin fragrances.
Inter Parfums has always been keen on tapping high-profile
fashion brands with big potential in fragrance, but even company
officials were caught off guard by the response to the Jimmy Choo
alliance. According to the company, the selective launch of the
Jimmy Choo signature fragrance surpassed company expectations
and the level of reorders, even in its limited distribution, which
Madar said, “even surprised us.” Broader distribution of the scent
commenced this spring, and as such, the firm has increased production for the year, Madar added.
And fashion-cum-fragrance fans are on the look out for the
new Burberry scent for women, due out later this year. Madar has
called it Inter Parfums’ “largest product launch of the year.”
A big launch should keep this fragrance powerhouse on target
for another year of growth. At the release of Q1 results, Greenberg
said the company was“on track to achieve our recently increased
2011 guidance which calls for sales of approximately $550 million.”
City of Industry, CA
Sales: $450 million
$450 million (estimated).
Eric Sung-Tsei Chen, chief executive officer; Bill George, president;
Martin Toh, general manager; Eric Weeks, vice president, sales; Brian
Talbot, vice president, marketing and chief marketing officer.
Cosmetics brands including Wet n Wild, Black Radiance, Tropez,
The Color Institute, The Color Workshop, The Spa Workshop, Disney’s Princess, High School Musical, ck Calvin Klein Beauty. Bestsellers include Color Icon Brow & Eye Pencil, Color Icon Lipliner,
Color Icon Eyeshadow, Wild Shine Nail Color, Silk Finish Lipstick,
MegaSlicks Lip Gloss, MegaLength Mascara.
Fast Dry Nail Color, MegaLash Clinical Serum, MegaLash Clinical
Mascara, MegaLast Retractable Eyeliner, Color Icon Shimmer Pencil, Glassy Gloss Lip Gel, Color Icon Eyeshadow Trio (shade extension), Color Icon Brow & Eye Liner (shade extension).
Markwins Beauty Products, Inc. is a wholly owned subsidiary of
Markwins International Corporation. Based in City of Industry, CA,
Markwins Beauty is a purveyor of leading brands Wet n Wild, Black
Radiance and Fantasy Makers. Markwins Beauty Products is poised
to enjoy its most successful year in the brand’s 30 year history, according to company executives.
According to recent AC Nielsen figures (April 16, 2011), Wet n
Wild is the fastest growing brand in the Top 10 food, drug, mass
brands. Similarly, Black Radiance is the leading growth brand within
its category, ethnic color cosmetics. Together, these stalwart brands
are fueling exceptional sales growth with retailers around the world.
The company’s success
can be tied to three key
strategic investments: personnel, alliance micro
marketing and technology.
The company has
been quietly adding talent
at home and abroad to organize for the next wave
of expansion. Key additions include executive
level placements in sales
and marketing, research
and development, trade
marketing, supply chain
management and regulatory affairs. The addition of
this top-tier talent is manifested in superior new
with speed-to-market and
near-perfect fill rate.
New sales and mar-