Inter Parfums saw net sales rise in the third quarter of FY23 on the back of strong market conditions and increased market share driven by new product launches.

The perfume manufacturer said net sales jumped 31 per cent to $368 million during the three-month period. 

Its Europe-based product sales grew 18 per cent to $233 million, thanks to significant sales growth across the Coach, Montblanc, and Jimmy Choo brands.

“Our more recent launches, including Jimmy Choo Rose Passion, Montblanc Signature Absolue and Explorer Platinum, and Coach Green and Love have continued to be strong performers,” said Jean Madar, chairman and CEO at Inter Parfums.

“Our mid-sized brands, Lanvin, Kate Spade, Rochas, Van Cleef & Arpels, and Karl Lagerfeld also achieved sales growth.”

The company’s US-based product sales surged 64 per cent to $135 million as sales of Donna Karan/DKNY, Guess, and Ferragamo increased.

“During the quarter, we launched the Guess Originals trio of fragrances, a collection of gender-inclusive fragrances, Hollister’s Feelin’ Good duo, and initiated Phase 1 of the Abercrombie & Fitch Fierce distribution roll-out,” said Madar.

The Abercrombie & Fitch Fierce is now available in select markets and the majority of its Phase 1 is expected to be rolled out in the fourth quarter.

“We also introduced our first brand extension for DKNY, Be Delicious Orchard St, and it has performed exceptionally well since its launch in August. As previously expected, the fashion house duo, Donna Karan/DKNY, is now our second largest brand within our US-based operations.”