Core Insights - Interparfums, Inc. has been awarded "Beauty Company of the Year, Public" by Women's Wear Daily, recognizing its exceptional success in the beauty industry [1][2] - The award highlights the company's strong brand portfolio, creativity, and strategic partnerships with fashion houses globally [2] - The award ceremony will take place on October 28, 2025, during the WWD Honors dinner at the WWD Apparel & Retail CEO Summit in New York City [3] Company Overview - Interparfums, Inc. has been operating in the global fragrance business since 1982, producing and distributing prestige fragrance products under various brand licenses [4] - The company manages its operations through two segments: European operations via a 72% owned subsidiary, Interparfums SA, and U.S. operations through wholly owned subsidiaries [4] - The company's portfolio includes prestigious brands such as Abercrombie & Fitch, Coach, and Jimmy Choo, with products distributed in over 120 countries [5]

Core Insights - Descartes Systems Group has partnered with Givaudan to implement a denied party screening solution that automates compliance with international trade regulations, enhancing Givaudan's global compliance framework and operational efficiency [1][2][4] Company Overview - Givaudan is a global leader in Fragrance & Beauty and Taste & Wellbeing, employing over 16,900 people and achieving CHF 7.4 billion in sales with a free cash flow of 15.6% in 2024 [5] - Descartes is a leader in providing software-as-a-service solutions for logistics-intensive businesses, focusing on improving productivity, performance, and security [6] Compliance and Risk Management - Givaudan's previous manual compliance checks were time-consuming and error-prone, posing regulatory and reputational risks; the new automated solution allows for real-time screening against denied and sanctioned party lists [2][3] - The Descartes solution includes comprehensive watch list and regulatory content from various regions, helping companies navigate foreign trade compliance and mitigate business risks [3][4] Operational Efficiency - The collaboration allows Givaudan to reduce manual screening workloads and focus compliance resources on strategic business operations, thereby improving overall operational efficiency [2][4]

Core Insights - Descartes Systems Group has partnered with Givaudan to implement a denied party screening solution that automates compliance with international trade regulations, enhancing Givaudan's global compliance framework and operational efficiency [1][2][4] Company Overview - Givaudan is a global leader in Fragrance & Beauty and Taste & Wellbeing, employing over 16,900 people and achieving CHF 7.4 billion in sales in 2024, with a free cash flow of 15.6% [5] - Descartes is a leader in providing software-as-a-service solutions for logistics-intensive businesses, focusing on improving productivity, performance, and security [6] Solution Details - The denied party screening solution is part of Descartes' Global Trade Intelligence software suite, offering comprehensive watch list and regulatory content from various regions, including the EU, APAC, EMEA, and North America [3] - The solution allows for real-time screening of business partners against denied and sanctioned party lists, significantly reducing manual workloads and mitigating compliance risks [2][3] Benefits of Collaboration - The collaboration enables Givaudan to automate partner screening, freeing up compliance resources to focus on strategic operations, thus enhancing supply chain agility and integrity [2][4] - Descartes' solution helps organizations respond quickly to regulatory changes, reducing the risk of violations in a complex trade environment [3][4]

Core Insights - Skylar has launched a new fragrance called Double Dates, created under the vision of Leah Kateb, the new Chief Creative Officer and "Refounder" of the brand, marking a significant evolution for Skylar [2][4] - The fragrance combines sweet dates, sticky toffee, and brown sugar, reflecting Kateb's Middle Eastern heritage and aiming to appeal to a new generation of fragrance enthusiasts [3][4] Product Details - Double Dates is available in a 50ml eau de parfum priced at $90 and a 10ml travel spray for $30, with availability starting October 9th on the Sephora app and nationwide rollout on October 10 [5] - The fragrance adheres to Skylar's clean beauty standards, being vegan, cruelty-free, hypoallergenic, and safe for sensitive skin, emphasizing the brand's commitment to responsible indulgence [4][6] Company Background - Skylar, a subsidiary of Starco Brands, was founded in 2017 and is known for its clean fragrances that embody California's natural beauty and laid-back luxury [6] - The brand is entering a new chapter with Leah Kateb's leadership, focusing on personal and expressive scents that resonate with contemporary consumers [6][4] Parent Company Overview - Starco Brands, publicly traded on OTCQB, specializes in innovative consumer products that incorporate behavior-changing technologies, with a diverse portfolio including brands like Whipshots and Soylent [7]

Core Points - Interparfums, Inc. held its Annual Meeting of Shareholders on September 10, 2025, where shareholders approved all proposals, including the election of two new members to the Board of Directors [1][2][10] Board of Directors - The Board of Directors was expanded from nine to eleven members, with the election of Patrick Bousquet-Chavanne and Hervé Bouillonnec as new directors [3][4] - All nine incumbent directors were re-elected, including Jean Madar and Michel Atwood [2] New Directors' Background - Patrick Bousquet-Chavanne has over 35 years of experience in the fast-moving consumer goods and retail sectors, having held senior roles at companies like The Estee Lauder Companies Inc. and LVMH [4][5] - Hervé Bouillonnec, currently the Chief Commercial Officer of Interparfums, USA LLC, has extensive experience in luxury brand management, previously working with Yves Saint Laurent and Givenchy [8][9] Shareholder Approvals - Shareholders approved the compensation of the Company's named executive officers as disclosed in the proxy statement [10] - The cancellation of "hook shares" held by Inter Parfums Holding SA was also approved by shareholders [11] Company Overview - Interparfums, Inc. has been operating in the global fragrance business since 1982, producing and distributing a wide array of prestige fragrance products under various brand licenses [12] - The company manages its operations through its 72% owned subsidiary, Interparfums SA, in Europe and wholly owned subsidiaries in the United States and Italy [12] - The portfolio includes brands such as Abercrombie & Fitch, Coach, and Jimmy Choo, with products distributed in over 120 countries [13]

Group 1 - The first Tmall fragrance space has officially opened in Hangzhou, focusing on "fragrance experience" and featuring over 40 emerging fragrance brands alongside international brands like Van Cleef & Arpels [1] - The space addresses the industry's core pain point of lacking offline experiences for fragrance products, especially for brands without physical stores, allowing consumers to truly perceive the scent [1] - Tmall's fragrance space provides a low-cost opportunity for emerging brands to establish a physical presence, enabling a "try before you buy" experience for consumers [1] Group 2 - Established brands like KASE also recognize the unique value of the Tmall fragrance space, which effectively bridges online and offline channels [2] - The fragrance market in China has a penetration rate of only 5%, indicating significant growth potential compared to mature overseas markets [2] - Tmall plans to expand the fragrance space to more first-tier and new first-tier cities, continuously addressing the offline experience issue for consumers [2]

Group 1 - Donna Karan New York has launched the Cashmere Mist Mini Anti-Perspirant Stick, a travel-ready version of its popular Cashmere Mist Body Collection, designed for women on the go [1] - The new product features a monomaterial canister made entirely from recyclable Polypropylene, emphasizing sustainability and modern luxury [2] - Cashmere Mist fragrance is characterized by a blend of Moroccan Jasmine, Lily of the Valley, and Bergamot, with warm notes of Sandalwood, Amber, and Musk, representing comfort and timeless femininity [3] Group 2 - The Cashmere Mist Mini Anti-Perspirant Deodorant will be available in August 2025 at Nordstrom Rack and Amazon, and at Ulta Beauty at Target in September 2025, priced at $22 for 1 oz (30 g) [4] - Interparfums, Inc. has been operating in the global fragrance business since 1982, producing and distributing a variety of prestige fragrance products under license agreements [4] - Interparfums, Inc. manages its business through two segments: European operations via a 72% owned subsidiary, Interparfums SA, and U.S. operations through wholly owned subsidiaries [4] Group 3 - G-III Apparel Group, Ltd. is a global leader in fashion, owning and licensing over 30 brands, including Donna Karan and DKNY, and differentiating itself across various product categories [6] - G-III Apparel Group's portfolio includes ten iconic brands and licenses over 20 additional brands, showcasing its extensive reach in the fashion industry [6]

Financial Data and Key Metrics Changes - The company expects full-year EBITDA to be above $1 billion, despite headwinds from tariffs impacting gross margins [10][71] - The major gap in EBITDA for the full year is driven by tariffs, which if excluded, would result in slightly negative EBITDA [10][71] - Free cash flow is projected to grow in fiscal 2026 [11] Business Line Data and Key Metrics Changes - The prestige fragrance category remains healthy, with low to mid-single-digit growth, while mass fragrance is also performing well [6][19] - The skincare category outperformed the market by 11%, driven mainly by e-commerce, with brands like Lancaster growing significantly in China [25] - The mass fragrance category accounts for approximately 7% of net revenues and is experiencing growth due to the Treatonomics phenomenon [19][20] Market Data and Key Metrics Changes - The Asian travel retail market is still heavily affected, but the beauty market in China is gradually improving, with prestige beauty showing positive growth [50] - The U.S. market is experiencing increased promotional activities, particularly in consumer beauty and color cosmetics [27][39] Company Strategy and Development Direction - The company is focusing on increasing profitability in the color cosmetics category while managing promotional activities carefully [16][27] - There is a strong emphasis on innovation, with significant product launches planned for the second half of the year, including the Hugo Boss Beyond bottle [12][19] - The company aims to make travel retail a discovery channel for new products, enhancing exclusivity and consumer attraction [48] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current volatility in the market but expresses confidence in returning to growth in the second half of fiscal 2026 [8][71] - The company is committed to divesting its stake in Velar and is actively contemplating options for this divestiture [61][100] - Management believes that the fragrance market will continue to grow, driven by consumer trends and the increasing importance of scenting [37][96] Other Important Information - The company is implementing a new forecasting tool to improve inventory management and cash flow [81] - The management is focused on cash deleveraging and maintaining a healthy trajectory on cash and refinancing [80][82] Q&A Session Summary Question: Can you provide more detail on the second half outlook? - Management expects sequential improvement in Q1 and Q2, with a return to growth in H2 as retailer inventory headwinds ease [6][8] Question: How is the company addressing innovation fatigue in color cosmetics? - The company is shifting focus to traditional advertising for key products while dedicating innovative products to younger consumers [16][17] Question: What is the outlook for travel retail? - Travel retail is being positioned as a discovery channel, with exclusive product launches planned to attract consumers [48][50] Question: How is the company managing promotional activities? - The company is managing promotional activities cautiously to protect brand integrity while exploring new formats like paint sprays [27][39] Question: What are the expectations for refinancing and deleveraging? - The company plans to maintain a secured structure for refinancing and is focused on improving EBITDA trends to support deleveraging [99][100]

Core Insights - Interparfums, Inc. reported second-quarter 2025 results with both net sales and earnings missing the Zacks Consensus Estimate, showing year-over-year declines [1][3][9] Sales and Earnings Performance - The company posted quarterly earnings of $0.99 per share, a 13% decrease from $1.14 in the prior-year period, missing the estimate of $1.10 [3][9] - Consolidated net sales were $334 million, down 2% from $342 million in the year-ago period, also missing the estimate of $341 million [3][9] Cost and Margin Analysis - Interparfums achieved a consolidated gross margin of 66.2%, reflecting a 170-basis-point increase compared to the prior-year period, driven by a favorable segment and brand mix [4][9] - Selling, general and administrative expenses accounted for 48.5% of net sales, an increase of 290 basis points year-over-year, attributed to higher advertising and promotional expenditures, which represented 20.6% of net sales [5] Financial Health - The company ended the quarter with cash and cash equivalents of $151.5 million, long-term debt of $153.1 million, and total equity of $1,056.8 million [6] - A cash dividend of $0.80 per share was announced, payable on September 30, 2025, to shareholders of record as of September 15 [6] Future Outlook - Management noted strong U.S. demand, which accounted for 35% of second-quarter sales, despite a slowdown in global fragrance market growth [2] - The company reaffirmed its 2025 guidance, estimating net sales of $1.51 billion and earnings per share of $5.35, while remaining cautious about macroeconomic uncertainties [7][9]

Group 1 - The fragrance market in China has seen a significant increase in popularity, with the usage rate among young urban consumers aged 25 to 35 rising from 20% to 50% over the past three years [1] - The domestic scented candle market reached a scale of 181.5 billion yuan in 2023, expected to exceed 250 billion yuan by 2025, while the car fragrance segment has seen a search volume growth of 141% [9] - Despite the growing interest, the penetration rate of fragrance products in China remains below 5%, significantly lower than in Western countries where it can exceed 50% [9] Group 2 - The rise of fragrance products is attributed to their expanding usage scenarios, diverse functionalities, affordability, and emotional value, making them a part of daily life for many consumers [9][10] - Brands like emonster and Xitai are capitalizing on this trend by focusing on emotional healing and using natural essential oils to enhance user experience [20][22] - Unique positioning strategies are being employed by various brands, such as Xitai's focus on Chinese plant fragrances and the development of affordable yet high-quality products to meet the needs of new middle-class consumers [24][25] Group 3 - The fragrance industry faces challenges such as raw material monopolies and high competition from established brands like Estée Lauder and L'Oréal, which are entering the fragrance market as a new growth point [28][32] - New brands are focusing on expanding their product lines and enhancing customer engagement through offline experiences and personalized marketing strategies [29][32] - The long-term success of these brands will depend on their ability to understand consumer emotions and address supply chain issues effectively [32]