Interparfums: Capital-Light Model Positions Stock For Growth Despite Near-Term Headwinds

Interparfums ( IPAR ) is a capital-light fragrance licensee with a long history of compounding revenue through brand development and license expansion. Today, the company is facing headwinds from destocking, macro-driven demand softness, and the expiration of the BoucheronI have a long-term investment horizon and look for companies with strong fundamentals that have been beaten down due to short-term headwinds. I believe the market is overly concerned with the short-term, which leaves many great companies m ...