The Interparfums Group encountered exchange rate challenges during the third quarter, experiencing a decrease in earnings despite the expansion of Jimmy Choo scents and robust sales energy in France and the Americas.
Income totaled EUR 253.5 million for the period from July to September, a 1.6% drop compared to the corresponding timeframe last year, the organization revealed in a statement to the press on Tuesday, October 21.
Dropping US dollar
Interparfums attributed the income decline to a “feeble dollar.” The firm stated that with consistent exchange rates, turnover actually increased by 1.6% to EUR 261.7 million, propelled by elevated demand for its main labels, notably Jimmy Choo scents.
It was observed that this outcome transpired “notwithstanding a substantial reference point tied to peak activity in the third-quarter of 2024.” Turnover had indeed risen 20% the prior year.
“Within the existing geopolitical and economic setting, we achieved a satisfactory quarter, which was somewhat overshadowed by the disadvantageous euro/dollar currency rate, but reaffirms our favorable start to the year,” remarked Philippe Benacin, Chairman and CEO of Interparfums, as mentioned in the press statement.
It “permits us to uphold our turnover objective of approximately EUR 900 million for the entirety of 2025,” he appended.
France and South America
Throughout the initial nine months of 2025, turnover grew by 3% to EUR 700.4 million.
During this duration, “the North America territory exhibited the most pronounced nine-month expansion, bolstered by a continuously vibrant US market where Interparfums is securing a greater market presence. Courtesy of Coach scents (+18%) and specifically Jimmy Choo scents (+20%), turnover escalation within the United States registered at 14% with consistent currency rates,” and 9% with prevailing currencies, the group clarified.
Regarding its share, the Lacoste brand documented an increase of 24%. “In their subsequent year of function, Lacoste fragrances validated the encouraging course commenced the previous year (…). This showing is entirely in accord with the brand’s repositioning strategy and annual aspiration,” Interparfums underscored.
Within a scenario where sales impetus in the United States was partly mitigated by the currency consequence, the South American and French regions spearheaded growth in the third quarter, with turnover escalating by 18% and 23% respectively.
