Interparfums: still robust in the first half

The group led by Philippe Benacin posted sales of €447 million in the first half of 2025, up 5.8% at current exchange rates and 6.1% at constant exchange rates compared to the same period in 2024. Despite a tense geopolitical environment, sales grew by 9% in the second quarter in the United States. Coach drove growth with +24%, exceeding the €100 million mark. Lacoste confirmed its strong momentum with +42%, while Montblanc declined by 10%. Eastern Europe (+15%) and North America (+15%) contributed to the performance, whereas sales in Asia (-11%) and the Middle East (-13%) declined. However, year-end forecasts dampened the overall mood: the proposed increase in U.S. tariffs and the euro’s appreciation against the dollar led Interparfums to revise its annual revenue estimate to €910 million, at the lower end of the initial range, slightly below the €930–935 million announced earlier this year. At the same time, the US parent company Interparfums Inc. – headed by Jean Madar and which includes the French entity Interparfums SA – reported a 2% drop in sales in the second quarter of 2025 to $334 million (€285 m), driven by a 20% decline in US-based operations (due to the end of the Dunhill license and weak performances by Donna Karan and Guess).