January 10, 2018 / 6:39 AM / 13 days ago

Interparfums raises guidance after strong end to year

Jan 10 (Reuters) - France’s Interparfums raised on Wednesday its 2017 revenue guidance after a strong end to the year and a better-than-expected response to its men’s fragrance Coach.

The company expects annual sales to be around 415 million euros to 420 million euros ($495 million-$500 million), an increase of almost 4 percent from the previous target.

The French perfume maker, whose fragrance brands include Jimmy Choo, also raised its objective for 2017 operating margin to around 13.5 percent. ($1 = 0.8384 euros) (Reporting by Manon Jacob; Editing by Subhranshu Sahu)

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