The international fragrance company responsible for the perfume offerings of brands including Montblanc, Jimmy Choo and Coach, expects to report revenues of 500 million euros ($554 million) in 2020, up 4.2% from 2019.
The fragrance company announced increases in its income for the third quarter and the first nine months of 2019 on Tuesday, as sales of Montblanc “Explorer” and Guess legacy fragrances drove top-line growth.
The international fragrance group published its third-quarter sales results on Monday, revealing a 7.9% increase in net revenue as sales from its U.S.-based operations continue to experience accelerated growth.
The French fragrance design and distribution specialist has reported an 8% net income increase in H1 2019, reaching €27.2 million, underlining the strong performance by the newly launched Montblanc Explorer line.
U.S. luxury brand Kate Spade has signed a licensing agreement with French perfume group Interparfums. Together, the businesses will create perfumes for the global market, commencing autumn/winter 2020/2021.