Interparfums Announces Leadership Change in International Affairs

Interparfums ( (FR:ITP) ) has provided an update.

Interparfums announced the departure of Frédéric Garcia-Pelayo, the Managing Director of International Affairs for multiple prestigious brands, who will be replaced by Daphné Benacin. His departure marks the end of a significant era, as he played a pivotal role in the company’s international development over his 30-year tenure. This leadership change could impact the company’s strategic direction, particularly in its international markets, as it continues to uphold its strong market position through its global distribution network and partnerships.

More about Interparfums

Interparfums, founded in 1982 by Philippe Benacin and Jean Madar, is a prominent player in the prestige perfumes and cosmetics industry. The company operates as the exclusive worldwide licensee for renowned brands such as Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, Moncler, Montblanc, and Van Cleef & Arpels. Additionally, Interparfums owns Lanvin fragrances and the Maison Rochas brand. With a global presence, their products are distributed in over 100 countries, boasting nearly €800m in consolidated sales in 2023, an operating margin of 20%, and a net cash of €90m. Interparfums is listed on Euronext Paris with a market capitalization of approximately €3 billion.

YTD Price Performance: -1.49%

Average Trading Volume: 1,578

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €3.02B

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