-----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, PYhH3BKbe5xBMidRHnBV0ILttdcH0dEiQciunByO6FOubWBNVTARwP+2MI+oO1/c /1EHX60TeB/hV5IyQ05trQ== 0000822663-07-000018.txt : 20071129 0000822663-07-000018.hdr.sgml : 20071129 20071128180253 ACCESSION NUMBER: 0000822663-07-000018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071128 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20071129 DATE AS OF CHANGE: 20071128 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: 071272588 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 ip8k112807.htm IPAR_8K_2008GUIDANCE

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

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 28, 2007

 

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

Delaware 0-16469 13-3275609
(State or other jurisdiction of
incorporation or organization)
Commission
File Number
(I.R.S. Employer
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)

________________________________________________________________________________
(Former name or former address, if changed since last report)

 Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2 below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting Material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure.

        Our press release dated November 28, 2007, a copy of which is annexed hereto as Exhibit no. 99.1, is incorporated by reference herein, and is filed  pursuant to this Item 7.01 and Regulation FD.

Item 9.01 Financial Statements and Exhibits.

        99.1 Our press release dated November 28, 2007.

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 28, 2007

EX-99 2 ex99_112807.htm IPAR_EX99_2008GUIDANCE

FOR IMMEDIATE RELEASE

INTER PARFUMS PROVIDES INITIAL GUIDANCE FOR 2008
WITH RECORD SALES, NET INCOME AND DILUTED EARNINGS PER SHARE

New York, New York, November 28, 2007 - Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced initial guidance for 2008.  Management is projecting 2008 net sales of approximately $437 million, or about 15.6% ahead of 2007's guidance of $378 million.  Net income for 2008 should approximate $24.1 million or $1.16 per diluted share.  This represents a 12% improvement over management's 2007 net income guidance of $21.5 million or $1.04 per diluted share.  This guidance assumes the dollar remains at current levels, is based upon current operations and assumes that no further licensing or specialty retail agreements or brand acquisitions are consummated.

Jean Madar, Chairman and CEO of Inter Parfums, noted, "Our 2008 new product launch schedule for European-based operations is especially strong, driving top line growth for that part of our business.  The launch of The Beat, the sixth Burberry fragrance family in March 2008 should lead the top line growth for European-based operations.  We also have high expectations for the other products in our new product pipeline including two more women's Roxy fragrances, Love and Heart, a Quiksilver fragrance for men, and a Quiksilver suncare collection, Van Cleef & Arpels and Lanvin fragrances for women, plus limited edition men's and women's fragrances for Paul Smith, and an S.T. Dupont fragrance line for both men and women."

He continued, "With regard to our U.S.-based operations, we have clearly shifted our focus away from the mass market to specialty retail, and we are extremely pleased and equally motivated by the successes we have achieved by our specialty retail initiative.  For 2008, there are a considerable number of new products and brand expansions in the works for our specialty retail partners.  We are also hopeful that the first new products for Brooks Brothers' U.S. stores will be on the market before 2008 year-end." 

Russell Greenberg, Executive Vice President & Chief Financial Officer, noted, "Although 2008 will be another record year for Inter Parfums, with strong gains for both European and U.S. operations, the 2008 rate of growth in sales is expected to exceed that of net income for two principal reasons.  First, the prolonged weakness in the U.S. dollar is expected to continue to negatively impact the consolidated gross margin for Inter Parfums SA, the Company's 71% owned Paris based subsidiary, as approximately one-third of its net sales are denominated in U.S. dollars.  Second, we have invested in staff and related infrastructure to support the growth opportunities that we see unfolding in our specialty retail business.  Over time, the rate of growth in profits is expected to exceed that of sales as we achieve operating leverage by allocating this increased overhead over a higher sales base."

Inter Parfums develops, manufactures and distributes prestige fragrances and fragrance related products as the exclusive worldwide licensee for Burberry, Paul Smith, S.T. Dupont, Christian Lacroix, Quiksilver/Roxy and Van Cleef & Arpels and owns Lanvin Perfumes and Nickel S.A., a men's skin care company.  It also produces personal care products for specialty retailers with Gap Inc. and New York & Company.  In November 2007, Inter Parfums announced an exclusive agreement covering the design, manufacture and supply of personal care products for Brooks Brothers locations in the U.S. as well as a license covering Brooks Brothers stores and specialty and department stores outside the U.S. and duty free and other travel-related retailers.  In addition, Inter Parfums produces and sells mass market fragrances and fragrance related 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. Although we believe that our plans, intentions and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. In some cases you can identify forward-looking statements by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will" and "would" or similar words. You should not rely on forward-looking statements because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings "Forward Looking Statements" and "Risk Factors" in Inter Parfums' annual report on Form 10-K for the fiscal year ended December 31, 2006, and the reports Inter Parfums files from time to time with the Securities and Exchange Commission. Inter Parfums does not intend to and undertakes no duty to update the information contained in this press release.

 

  Inter Parfums, Inc.

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

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
Lena Cati (212) 836-9611/lcati
@equityny.com
www.theequitygroup.com

 

 

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