-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JWOIxL2IP4AhV55Kh14gc9albaESOQlFJLafSJ1MhKY7/88FpHCkLlj+cKugEqPk Qj667WNuAmZ14zsOBWfzDQ== 0000822663-04-000054.txt : 20041129 0000822663-04-000054.hdr.sgml : 20041129 20041129144106 ACCESSION NUMBER: 0000822663-04-000054 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041129 ITEM INFORMATION: Other Events FILED AS OF DATE: 20041129 DATE AS OF CHANGE: 20041129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTER PARFUMS INC CENTRAL INDEX KEY: 0000822663 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 133275609 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16469 FILM NUMBER: 041171048 BUSINESS ADDRESS: STREET 1: 551 FIFTH AVE STREET 2: STE 1500 CITY: NEW YORK STATE: NY ZIP: 10176 BUSINESS PHONE: 2129832640 MAIL ADDRESS: STREET 1: 551 FIFTH AVENUE STREET 2: STE 1500 CITY: NEW YORK STATE: NY ZIP: 10176 FORMER COMPANY: FORMER CONFORMED NAME: JEAN PHILIPPE FRAGRANCES INC DATE OF NAME CHANGE: 19920703 8-K 1 ip8k112904.htm INTER PARFUMS 8K_11-29-2004

Securities and Exchange Commission
Washington, D.C. 20549

 

Current Report on Form 8-K

 

Current Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported):
November 29, 2004

 

Inter Parfums, Inc.
(Exact name of Registrant as specified in its charter)

Commission File Number 0-16469

Delaware                                                                         13-3275609
(State or other jurisdiction of                                          (I.R.S. Employer
incorporation or organization)                                         Identification No.)

 

551 Fifth Avenue, New York, New York 10176
(Address of Principal Executive Offices)

 

212. 983.2640
(Registrant's Telephone number, including area code)

 

Item 8.01. Other Events.

        Our press release dated November 29, 2004 relating to net sales and net income guidance for 2005, a copy of which is annexed hereto as Exhibit no. 99.1, is incorporated by reference herein, and is filed pursuant to this Item 8.01. 

Item 9.01 Financial Statements and Exhibits. 

        99.1 Our press release dated November 29, 2004.

 

SIGNATURES

        Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused and authorized this report to be signed on its behalf by the undersigned.

Dated: November 29, 2004

  Inter Parfums, Inc.

By: /s/ Russell Greenberg
      Russell Greenberg, Executive Vice President

EX-99 2 ex991iparq112904.htm EX 99.1_11-29-2004

Exhibit 99.1

FOR IMMEDIATE RELEASE

INTER PARFUMS PROVIDES GUIDANCE FOR 2005

New York, New York, November 29, 2004 - Inter Parfums, Inc. (NASDAQ National Market: IPAR) today announced its guidance for 2005.  Management is projecting net sales of approximately $280 million, representing a 23% increase compared with 2004's estimated net sales of $228 million.  The primary reasons for the top line growth are:

  • The continued successful roll-out of Burberry Brit for men, as well as continued gains for all Burberry fragrances;
  • The continued geographic roll-out of Paul Smith London;
  • The launch of new fragrance families for Celine in the spring, Christian Lacroix in the summer and Lanvin in the fall; and,
  • The full year contribution by Lanvin fragrances, which was acquired on July 1, 2004.

Net income for 2005 is expected to approximate $15.8 million or $.77 per diluted share, equal to management's 2004 guidance.  The 2005 projection reflects the increased Burberry royalty rate that went into effect on July 1, 2004, as well as the increased advertising and promotional expenditures that are required commencing January 1, 2005.

Commenting, Jean Madar, Chairman & CEO of Inter Parfums, noted, "To provide optimal support to the Burberry brand in light of its size and importance, and to comply with the terms of the new license agreement, we have implemented certain organizational changes to take effect on January 1, 2005."

These include:

  • A dedicated Burberry product development, marketing and distribution division;
  • A predominantly media driven advertising and marketing strategy; and,
  • A redesigned cost sharing initiative with distributors.

Mr. Madar went on to say, "We are also seeking better pricing arrangements with our suppliers and, beginning in 2006, we plan to establish joint ventures or Company-owned distribution subsidiaries in several key markets which we have identified.  The potential of the brands in our portfolio, together with the organizational changes to be implemented, are expected to provide a basis for sustained growth in sales and earnings in the years ahead."

Mr. Madar also noted, "In the coming year, we plan to explore acquisition opportunities and take the initial steps to expand our cosmetics business utilizing our portfolio of brands."

All figures provided assume the dollar remains at current levels.

Inter Parfums develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Burberry, S.T. Dupont, Paul Smith, Christian Lacroix, Celine, Diane von Furstenberg and Lanvin.  The Company also has controlling interest in Nickel S.A., a men's skin care company.  In addition, Inter Parfums is a leading producer and supplier of mass-market fragrances, cosmetics and personal care products.  The Company's products are sold in over 120 countries worldwide.

Statements in this release which are not historical in nature are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from projected results. Such factors include renewal of existing license agreements, effectiveness of sales and marketing efforts and product acceptance by consumers, dependence upon management, competition, currency fluctuation and international tariff and trade barriers and governmental regulation.  Given these uncertainties, persons are cautioned not to place undue reliance on the forward-looking statements.

Contact at



 

 Inter Parfums, Inc. 
Russell Greenberg, Exec. VP & CFO
(212) 983-2640 
rgreenberg@interparfumsinc.com 
www.interparfumsinc.com

or



 
Investor Relations Counsel
The Equity Group Inc.
Linda Latman  (212)836-9609/llatman@equityny.com
www.theequitygroup.com
 
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