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):
April 27, 2012
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 2.02. Results of Operations and Financial Condition.
Certain portions of our press release dated April 27, 2012, a copy of which is annexed hereto as Exhibit no. 99.1, are incorporated by reference herein and are filed pursuant to this Item 2.02. They are as follows:
Portions of the first paragraph and the entire second paragraph (table) relating to net sales for the first quarter ended March 31, 2012
The entire third paragraph relating to net sales of European operations for the first quarter ended March 31, 2012
The entire fourth paragraph relating to net sales of United States operations for the first quarter ended March 31, 2012.
Item 7.01 Regulation FD Disclosure.
Certain portions of our press release dated April 27, 2012, a copy of which is annexed hereto as Exhibit no. 99.1, are incorporated by reference herein and are filed pursuant to this Item 7.01 and Regulation FD. They are as follows:
Portions of the first paragraph relating to plans to release results
The sixth paragraph relating to forward looking information
The balance of such press release not otherwise incorporated by reference in Item 2.02.
Item 9.01 Financial Statements and Exhibits.
99.1 Our press release dated April 27, 2012.
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: April 27, 2012
| Inter Parfums, Inc. By:
/s/
Russell Greenberg |
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|
Three months ended |
||||
| (in millions) |
2012 |
2011 |
% Change |
|
| European-based product sales...... | $145.2 | $121.6 | 19% | |
| United States-based product sales... |
20.2 |
11.8 |
71% |
|
|
$165.4 |
$133.4 |
24% |
||
"In local currency, the largest brands within our European-based operations performed exceptionally well," stated Jean Madar, Chairman & CEO of Inter Parfums, Inc. "Burberry fragrance sales were up 12% due to strong gains by the brand's established lines and the global rollout of the Burberry Body line launched in the third quarter of 2011. Comparable quarter sales of Lanvin fragrances also increased 12% due to continuing gains by the Eclat d'Arpege line and the steady performances of Jeanne Lanvin and Marry Me!. The momentum of the Jimmy Choo Eau de Parfum continued into 2012 helped by the launch of Jimmy Choo Eau de Toilette, resulting in a 68% increase in brand sales. Montblanc sales rose 77% due to the staying power and broader distribution of Legend which debuted last year. Top line growth has been especially strong in North America, the Middle East and Asia where sales rose 68%, 35% and 22%, respectively. Despite the difficult economic environment, sales in Europe have been growing, with Eastern and Western Europe generating comparable quarter sales increases of 7% and 4%, respectively."
Mr. Madar continued, "Sales by our U.S.-based operations increased 71% due in great part to the inclusion of Anna Sui fragrance sales effective January 1st. In addition, during the first quarter Love Fury by Nine West debuted as did Wildbloom Vert for Banana Republic. First quarter sales also continued to benefit from international distribution of U.S. specialty retail and designer brands."
In the nearly 30 years since its founding, Inter Parfums, Inc. has been selected as the fragrance and beauty partner for a growing list of prestige brands that include Burberry, Lanvin, Jimmy Choo, Van Cleef & Arpels, Montblanc, Paul Smith, Boucheron, S.T. Dupont, Balmain and Repetto. Inter Parfums is also the fragrance and beauty partner for specialty retail and designer brands such as Gap, Banana Republic, Brooks Brothers, bebe, Betsey Johnson, Nine West and Anna Sui. Inter Parfums is known for innovation, quality and its ability to capture the genetic code of each brand in the products it develops, manufactures and distributes 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, 2011 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.
|
Contact at Inter Parfums, Inc. Russell Greenberg, Exec. VP & CFO (212) 983-2640 rgreenberg@interparfumsinc.com www.interparfumsinc.com |
or |
Contact at
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 |