The Misfits: Inter Parfums (IPAR) (IPT)
A luxury fragrance marketer with an unconventional approach to the market.
Luxury retail is a unique beast in investing. Some clear winners have nurtured timeless brands, while others rise and fall with customer preferences.
Inter Parfums (NASDAQ: IPAR) doesn’t have what you would call the crème de la crème of luxury brands. Still, it is a unique player in the industry that has manufactured a 27,000% return for shareholders since going public in 1988 and has more than doubled the returns of the S&P 500 over the past 30 years.
Inter is an interesting study of the luxury business and how a company that can’t lay claim to brands in the upper echelon of luxury can still generate impressive returns. Let’s dig into how Inter Parfum has accomplished this uncommon feat.
Shoutout to Koyfin for their data and charts. Koyfin has become an integral part of how I screen for, track, and analyze companies. It has made the analysis process much faster thanks to having a decade of data at my fingertips instead of manually going through stacks of quarterly and annual filings.
Up your analysis process by Signing up for Koyfin. Click on the link below and receive 10% off your annual subscription.
Disclaimer: I have an affiliate partnership with Koyfin and receive compensation if you sign up via the link above. It helps me fund this endeavor. I would still recommend using it even if I didn’t have this partnership because it’s an awesome product, but I’d be stupid to turn down a revenue opportunity. You get a discount, Koyfin gets new business, and I get a commission. Win-win-win).
Keep reading with a 7-day free trial
Subscribe to Misfit Alpha to keep reading this post and get 7 days of free access to the full post archives.