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Inter Parfums Provides 2016 Initial Guidance

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Inter Parfums, Inc. announced the 2015 initial guidance for the company, calling for increased net sales to $500-510 million, as opposed to 2015's $460-470 million. Net income is within the range of $1.05 to $1.10 per diulted share, compared to 2015's $0.95 to $1.00.

“As discussed in connection with the release of 2015 third quarter results, continued geographic rollout of 2015 new product launches, notably Jimmy Choo Illicit, will play an important role in growing our business. We have entirely new fragrance families coming to market in the coming year, including new scents for Lanvin, Van Cleef & Arpels, and Agent Provocateur. In addition, there are brand-reinforcing flankers, extensions and special editions in the pipeline for Dunhill, Montblanc and Jimmy Choo. 2016 will also be a year of ‘firsts,’ including our first ever home grown fragrances for Coach, Hollister and Abercrombie & Fitch, plus the first men’s scent we are developing for the Oscar de la Renta brand. The inclusion of Rochas fragrance sales and royalties for a full year will also contribute to the top line improvement in 2016," said Jean Madar, chairman and CEO.