0001144204-14-069210.txt : 20141117 0001144204-14-069210.hdr.sgml : 20141117 20141117162533 ACCESSION NUMBER: 0001144204-14-069210 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20141117 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20141117 DATE AS OF CHANGE: 20141117 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: 141228160 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 v394585_8k.htm 8-K

 

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 17, 2014

 

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 17, 2014 relating to 2015 estimates, 2015 product launches and potential licensing, partnership, joint venture or acquisition opportunities, 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 17, 2014

 

 
 

 

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 17, 2014

 

  Inter Parfums, Inc.
   
  By: /s/ Michelle Habert
  Michelle Habert,
  Secretary

 

 

 

EX-99.1 2 v394585_ex99-1.htm EHIXIBT 99.1

 

Exhibit 99.1

 

 

 

FOR IMMEDIATE RELEASE

 

INTER PARFUMS, INC. PROVIDES PRELIMINARY GUIDANCE FOR 2015

 

Expects Constant Currency Net Sales Growth of Approximately 7% Compared to 2014

 

New York, New York, November 17, 2014: Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced preliminary 2015 guidance which calls for growth in net sales of approximately 7% compared to 2014’s net sales guidance on a constant currency basis. Based on current foreign currency exchange rates, the Company expects net sales for 2015 of approximately $500 million. Preliminary guidance for 2015 net income attributable to Inter Parfums, Inc. is in the range of $0.95 to $0.98 per diluted share compared to the 2014 guidance range of $0.93 to $0.95. Guidance assumes the dollar remains at current levels.

 

Jean Madar, Chairman and CEO of Inter Parfums commented, “Our three largest brands, Lanvin, Jimmy Choo and Montblanc, have performed extremely well throughout 2014 and we expect them to continue to deliver solid growth in 2015 driven by new product launches and the staying power of many of our legacy scents. A men’s fragrance for Lanvin and a women’s fragrance for Montblanc are in the works, and we expect continued sales momentum for Jimmy Choo Man, which debuted this fall. We also have men’s scents launching for Dunhill and Balmain and women’s scents for Van Cleef & Arpels, Oscar de la Renta, Anna Sui and bebe, plus a men’s and women’s fragrance duo for Boucheron, all of which should generate meaningful incremental sales in the coming year. Additionally, our first Shanghai Tang fragrance collection for men and women is set for an early 2015 rollout. All in all, our plans point to a very ambitious, productive and successful year ahead.”

 

Russell Greenberg, Executive Vice President & Chief Financial Officer noted, “We enter 2015 well positioned for continued growth given our aggressive launch plans for the majority of our brands, and the strong trends being exhibited by Lanvin, Jimmy Choo and Montblanc. With that said, given the uncertainty and limited visibility of some of our key Eastern European markets, such as Russia, elevated geopolitical concerns in the Middle East, as well as the more modest growth rates of China and Southeast Asia relative to 2012 and 2013, at this time, we are introducing an initial outlook for the coming year with a prudent degree of conservatism. Additionally, our 2015 guidance for net sales and net income attributable to Inter Parfums, Inc. factors in a Euro/U.S. Dollar exchange rate of approximately 1.24, which is nearly 10% lower than the average exchange rate through the first nine months of 2014. As the year progresses, with the benefit of greater visibility into both market and currency trends, we expect to update our guidance as appropriate.”

 

Mr. Madar continued, “Inter Parfums benefits from a very strong financial position, with nearly $250 million in cash, cash equivalents and short-term investments, and no debt. As a result, we have substantial flexibility to invest in the growth of our business through brand extensions, adding new names through licensing, partnerships, joint ventures or acquisitions. We are currently evaluating a number of such opportunities that we believe can meaningfully enhance our growth potential and generate strong returns to shareholders. While there can be no assurance that these opportunities will come to fruition, we have a long history of consummating similar agreements and we look forward to sharing more information as these deals materialize.”

 

 
 

 

In the more than 30 years since its founding, Inter Parfums, Inc. has been selected as the fragrance and beauty partner for a growing list of brands that include Lanvin, Montblanc, Jimmy Choo, Boucheron, Van Cleef & Arpels, Karl Lagerfeld, Paul Smith, S.T. Dupont, Balmain, Repetto, Agent Provocateur, Alfred Dunhill, Anna Sui, Shanghai Tang, Oscar de la Renta, Gap, Banana Republic, and bebe. 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 100 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, 2013 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. -or- Investor Relations Counsel
Russell Greenberg, Exec. VP & CFO The Equity Group Inc.
(212) 983-2640 Fred Buonocore (212) 836-9607/fbuonocore@equityny.com
rgreenberg@interparfumsinc.com Linda Latman (212) 836-9609/llatman@equityny.com
www.interparfumsinc.com www.theequitygroup.com

 

 

 

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