Sidney's questions to Interparfums Inc (IPAR) leadership • Q3 2024
Question
Sidney, on behalf of Ashley, asked about the specific changes in consumer preferences mentioned in the prepared remarks, particularly regarding the narrowing gap between men's and women's fragrance sales and any other notable trends.
Answer
Executive Jean Madar confirmed that the men's fragrance business is getting stronger. He also identified a key trend towards 'premiumization,' where consumers, including younger demographics, are increasingly willing to pay more for fragrances with more selective distribution and unique signatures. However, he noted that the traditional designer fragrance business remains robust.