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Headquartered in New York City, Inter Parfums, Inc. (ISPH) is a worldwide marketer of prestige and mass-market perfumes and cosmetics, specializing in prestige fragrances with a focus on licensed designer brands. Prestige fragrances represent 89% of total sales.
Inter Parfums' growth strategy of acquiring exclusive worldwide licenses and developing new prestige fragrances under the brand names acquired from the licenses has resulted in a 19.5% 5-year sales growth rate.
Management has aggressively pursued additional license agreements -- Gap (GPS), Quiksilver (ZQK) and Bebe (BEBE) -- and has also entered the skin care category. Due to attractive valuation, the stock is rated a Buy.
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