Interparfums SA (brands like Jimmy Choo, Montblanc, Lacoste) published on Wednesday April 22 a decline in turnover of 8.5% in the first quarter of 2026 (-2.6% on a comparable basis), a result of global geopolitical tensions and an adverse currency impact.
From January to the end of March, sales reached 215.5 million euros, according to a statement. At constant exchange rates, compared to the same period of the previous year, this amount would have been 229.5 million, the company specifies.
Since January, “several external factors have weighed on activity, including the intensification of geopolitical disturbances around the world and, more recently, the outbreak of armed conflict in the Middle East,” Interparfums SA points out.
During the publication of its annual results for 2025, at the end of February, the company also warned that the figures for the first quarter of 2026 would be affected “by a high comparison base,” particularly due to an “unfavorable evolution of the euro-dollar exchange rate.”
Regional Disparities
Performance varies greatly by region. In North America, sales remain stable at nearly 85 million euros. Although Interparfums Luxury Brands, the American subsidiary, “records double-digit growth in local sales in the United States,” this growth “is largely offset by a very unfavorable euro-to-dollar conversion rate,” the statement explains.
South America, meanwhile, is performing well, with a 23% increase in sales to 27 million euros, thanks to Coach perfumes and the Montblanc Legend franchise.
In Asia, sales declined by 20% to 29 million euros: while China saw progress, Interparfums noted “consumer caution in many markets in the Asia-Pacific region.”
Turnover in Western Europe (excluding France) declined during the period (-19% to nearly 37 million), “a consequence of the slack seen in its main markets,” according to Interparfums. In France, sales increased by 5% to 14 million euros, driven by Lacoste perfumes.
“Thanks to a particularly dynamic start to the year in the American zone, we achieved a decent performance in the first quarter of 2026, considering a particularly degraded geopolitical and macroeconomic environment,” assured CEO Philippe Benacin, quoted in the statement. “We approach the coming semesters with optimism, with a clear and ambitious roadmap around multiple projects for almost all brands,” he added.
