Interparfums, Inc

Interparfums, Inc. develops, markets and distributes prestige fragrances and fragrance-related products under licensed and owned brand names. The company operates a dual structure with U.S. and European-based operations, relying heavily on third-party manufacturers and a selective global distribution network rather than owning factories.

19,9 %

63,6 %

11,3 %

+2,5 %

2.99

1.97

— Interparfums, Inc
%
Prestige fragrances90% Core eau de parfum, eau de toilette and related fragrance lines sold under luxury and fashion brands.
Fragrance-related products5% Ancillary products and extensions that complement core fragrance franchises.
Personal care products3% Selective non-fragrance personal care items offered under existing brands to broaden the portfolio.
Brand licensing and development services2% Licensing, product development and marketing support tied to brand-owner agreements.

Customers are primarily prestige beauty consumers reached through department stores, specialty retailers, duty-free...

  • Prestige beauty consumersprimary

    Buy branded fragrances for personal use and gifting, driven by brand image, scent profile and repeat purchases.

  • Retail and travel retail partnersprimary

    Department stores, specialty chains, airports and airlines buy inventory and shelf space to serve luxury shoppers.

  • International distributorssecondary

    Local distributors buy and resell products in markets where the company uses third-party distribution.

  • Brand licensors and fashion housesprimary

    Brand owners license names such as Coach, Jimmy Choo, Ferragamo and others to monetize fragrance extensions.

Interparfums runs a global business with products distributed in over 120 countries. Revenue is split between...

  • Products sold in over 120 countries through selective distribution
  • Europe generated about 68% of 2025 net sales
  • U.S. operations generated about 32% of 2025 net sales
  • Distribution subsidiaries in the U.S., France, Italy, South Korea and Spain
  • Euro/USD mismatch creates meaningful foreign exchange exposure

Interparfums is focused on expanding its brand portfolio through new licenses, brand acquisitions and selective product...

01
Expand the brand portfoliomedium-term

Growth depends on adding new licenses or acquiring brands to offset maturity in existing franchises.

02
Broaden product categoriesmedium-term

Adjacent products can increase trial, loyalty and shelf presence without requiring a new brand platform.

03
Build distribution control in key marketsmedium-term

Owning or controlling distribution can improve customer service, speed and market responsiveness.

04
Support fast-growing markets and channelsshort-term

Selective investment in high-potential geographies and travel retail can drive share gains.

The business depends on renewing and adding brand licenses, so losing a key agreement or renewing on worse terms could...

high

Dependence on licenses and brand agreements

A significant portion of sales comes from third-party brand owners, and agreements can expire or be renewed on less favorable terms.

Scope
Most prestige fragrance brands other than a few owned names are licensed
Materiality
high
high

Third-party manufacturing and supply chain disruption

The company does not own manufacturing facilities and relies on suppliers and fillers for components and finished goods.

Scope
Production, inventory availability and product quality
Materiality
high
medium

Foreign exchange volatility

About half of European-based sales are denominated in U.S. dollars while costs are largely in euros.

Scope
European-based operations
Materiality
high
medium

Counterfeit and unauthorized diversion

Third-party counterfeit sales and diversion can reduce legitimate sales and harm brand reputation.

Scope
Global prestige fragrance channels
Materiality
medium
medium

Seasonality and demand concentration

Shipments are weighted to the second half of the year, increasing quarterly volatility and execution risk.

Scope
Both European and U.S. operations
Materiality
medium
Intangible asset impairment
Could materially reduce earnings if brand cash flows decline
Sales return and inventory obsolescence reserves
Changes in assumptions can move reported profit and margins
Foreign currency hedging
Affects other income/expense and earnings volatility
Seasonality of shipments
Quarterly revenue and margin comparability is limited
Noncontrolling interest in Interparfums SA
Affects net income attributable to Interparfums, Inc

: 28.4.2026