Consumer DemandConsumer demand for fragrance remains strong, with more consumers using fragrance and trading up to more premium offerings that IPAR offers.
Growth StrategyIPAR continues to execute on its simple but effective strategy that focuses on faster-growing prestige fragrances, finding and adding licensed partnerships for brands with meaningful growth opportunity, and utilizing an asset-light model to allow for operational flexibility and agility.
Product InnovationThe launch of IPAR's own luxury brand, Solferino, with a diverse collection of fragrances indicates innovation and expansion potential.