ParfcmsAs expected, because of the pandemic, Inter Parfums' (IPAR) business plunged in the second quarter, due to the abrupt closure of most of its worldwide brick-and-mortar points of sale and due to the travel restrictions, which highly impacted the travel retail business.
However, thanks to the company's flexibility, the perfume seller managed to collect a $7M profit in the first half of 2020 and will be profitable for the rest of the year, unless another black swan materializes in the coming months.
As I wrote in a prior article of mine, IPAR does not