Interparfums Reports 5.8% Sales Rise in First Half, Inks Licensing Deal with Longchamp

Interparfums keeps up the pace, but is preparing for a challenging period. The perfumery group closed the first half of FY2025 with sales of €446.9 million euros, representing growth of 5.8% over the same period last year. At constant exchange rates, the increase was 6.1%.

Despite a complex geopolitical environment and the appreciation of the euro against the dollar, the company confirmed that its results are “in line with forecasts”. However, the strength of the European currency since the spring will mean that the annual target will be lower than initially expected, at around €910 million, according to Philippe Benacin, the group’s Chairman and CEO.

In the second quarter, sales amounted to €211.4 million, up 0.7% compared with the same period in 2024, and up 3.3% at constant rates. Growth was driven by the strong performance of the U.S. market, which rose by 9% between April and June.

By brand, the best performance in the first half was recorded by Lacoste, whose sales rose 42% to €52.2 million, driven by the line’s repositioning plan and with a view to reaching €100 million by the end of the year.

Interparfums posted sales growth thanks to Lacoste and Coach

Coach also showed solid growth of 24% to over €106 million, thanks to the launch of new lines such as Coach For Men Eau de Parfum and Coach Women Gold, in addition to the “good performance of the main catalog.“

Jimmy Choo, with the boost of the I Want Choo line and a new reference in its men’s range, recorded moderate growth of 3% to €104.2 million. Montblanc, on the other hand, fell by 10%, weighed down by the decline of the Legend Red and Blue lines, despite its recent launches.

French brands Lanvin and Rochas recorded declines of 7% and 3%, respectively. In the case of Lanvin, the group has confirmed that a major launch is not expected until late 2026 or early 2027.

By market, North America was the best-performing region in the first half, with growth of 15% to €164 million and a rise of nearly 20% in the United States. Western Europe also advanced 11% to €84.7 million, driven by the relaunch of Lacoste and the new Montblanc line.

The U.S. market increased its turnover by 20%

Eastern Europe, meanwhile, soared 15%, with good results for Lacoste, Lanvin and Karl Lagerfeld fragrances. South America grew by 6% and Africa by 11%, albeit with lower volumes.

Asia, on the other hand, fell by 11% to €62.6 million, affected by the concentration of business in Australia and the reduction of the network in South Korea, although there were positive developments in China and Japan. The Middle East also declined by 13%, affected by regional conflicts and the rationalization of points of sale, with a focus on high-end perfumery.

In parallel to the results, Interparfums announced the signing of a licensing agreement with Longchamp until December 2036. The first launch under this alliance is scheduled for 2027.

As for the regulatory context, the group has taken steps to mitigate the impact of the tariffs announced by the United States in April. The company has confirmed that, despite the challenges of the environment, “activity has been good in the first half of the year”, although it anticipates a more demanding second half of the year. The next review will be the publication of second-quarter results, scheduled for September 9th.