-----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, D424SszUYt2aQTUvBHX1ZRc90TcUq9UAf6jVMQOVnl3gqRmPAs0i2BHUIZ/KVT+6 6XZAKjZMyKxR76Ti+4InGQ== 0000822663-08-000004.txt : 20080723 0000822663-08-000004.hdr.sgml : 20080723 20080723170427 ACCESSION NUMBER: 0000822663-08-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080723 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20080723 DATE AS OF CHANGE: 20080723 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: 08966306 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 ip8k072308.htm IPAR_8K_2ND Q 2008

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):
July 17, 2008

 

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 1.01. Entry into Material Definitive Agreement.

        On July 17, 2008 Inter Parfums, S.A., our majority-owned French subsidiary, entered into an amendment to its exising license agreement with Paul Smith Limited. The license was extended for an additional seven years through December 31, 2017 on comparable terms and conditions. We have guaranteed the obligations of Inter Parfums, S.A. under this license amendment.

        Certain portions of our press release dated July 23, 2008, a copy of which is annexed hereto as Exhibit no. 99.1, are incorporated by reference in this report, and are filed pursuant to this Item 1.01. They are as follows:

  • The 3rd paragraph relating to the Paul Smith License extension.

Item 2.02. Results of Operations and Financial Condition.

        Certain portions of our press release dated July 23, 2008, a copy of which is annexed hereto as Exhibit no. 99.1, are incorporated by reference in this report, and are filed pursuant to this Item 2.02. They are as follows:

  • The 1st paragraph relating to net sales for the second quarter and the six month period ended June 30, 2008
  • The 2nd  paragraph relating to net sales by European operations and United States operations for the second quarter and the six month period ended June 30, 2008

 Item 7.01. Regulation FD Disclosure.

        Certain portions of our press release dated July 23, 2008, a copy of which is annexed hereto as Exhibit no. 99.1, are incorporated by reference in this report, and are filed  pursuant to this Item 7.01 and Regulation FD. They are as follows:

  • The 4th paragraph relating to affirmation of 2008 guidance
  • The 5th  and 6th paragraphs relating to plans to release operating results for the second quarter and the six month period ended June 30, 2008
  • The balance of such press release not otherwise incorporated by reference in Item 1.01 or Item 2.02

        Statements in this report and in the press release incorporated by reference, 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, 2007, 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 report and the press release incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

        99.1 Our press release dated July 23, 2008.

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: July  23, 2007

EX-99 2 ex99_072308.htm IPAR_EX99_2ND Q 2008

FOR IMMEDIATE RELEASE

INTER PARFUMS, INC. REPORTS 20% INCREASE IN SECOND QUARTER SALES

SECOND QUARTER RESULTS TO BE ANNOUNCED ON AUGUST 11TH
WITH CONFERENCE CALL ON AUGUST 12TH

New York, New York, July 23, 2008 - Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that net sales for the second quarter of 2008 were approximately $99.1 million, or 20% ahead of 2007's $82.8 million. At comparable foreign currency exchange rates, net sales for the second quarter were up 12%.  Thus for the first half of 2008, net sales were $222.2 million, up 32% from $167.9 million; at comparable foreign exchange rates, net sales for the first half of 2008 were 24% ahead of last year.

Jean Madar, Chairman and CEO of Inter Parfums, noted, "European operations achieved sales of $83.9 million, up 19% from $70.4 million in the same period last year.  Burberry brand sales were especially strong due to the continued rollout of the latest fragrance, Burberry The Beat and the exceptional growth and staying power of Burberry Brit, which launched in 2003.  Additionally, Van Cleef & Arpels brand sales grew, all the more gratifying in the absence of a new product launch.  Second quarter sales by our U.S. operations increased 23% to $15.2 million from $12.3 million in the same period last year, reflecting the expansion of our specialty retail business including the initial success of the international distribution of Gap and Banana Republic fragrance and personal care products."

Paul Smith License Extended
Separately, the Company announced that its 12-year license to create, produce and distribute perfumes and cosmetics under the Paul Smith brand originally signed in December 1998, was recently extended for an additional seven years through December 31, 2017 on comparable terms and conditions.

Affirms 2008 Guidance
Management affirmed its current 2008 guidance calling for net sales of approximately $460 million and net income of approximately $26.8 million or $.87 per diluted share (adjusted for the 3 for 2 stock split effected on May 30, 2008).  This guidance assumes the dollar remains at current levels.

Second Quarter Release & Conference Call Scheduled
Inter Parfums also announced that it will release financial results for the second quarter ended June 30, 2008 on Monday, August 11, 2008, after the close of the stock market. 

Management will conduct a conference call to discuss financial results and business developments at 9:00 am EDT on Tuesday, August 12, 2008.  Interested parties may participate in the call by dialing 706-679-3037; please call in 10 minutes before the conference call is scheduled to begin and ask for the Inter Parfums call.  The conference call will also be broadcast live over the Internet.  To listen to the live call, please go to www.interparfumsinc.com and click on the Investor Relations section.  Please go to the website at least 15 minutes early to register, and download and install any necessary audio software.  If you are unable to listen live, the conference call will be archived and can be accessed for approximately 90 days at Inter Parfums' website.  We suggest listeners use Microsoft Explorer as their browser.

Inter Parfums develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Burberry, Paul Smith, S.T. Dupont, Christian Lacroix, Quiksilver/Roxy, and Van Cleef & Arpels. The Company also owns Lanvin Perfumes and Nickel S.A., a men's skin care company. It also produces personal care products for specialty retailers under exclusive agreements with Gap Inc., New York & Company and Brooks Brothers, and as recently announced, bebe stores. In addition, Inter Parfums produces and supplies 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, 2007 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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