FOR IMMEDIATE RELEASE

INTER PARFUMS, INC. REPORTS RECORD THIRD QUARTER RESULTS

New York, New York, November 7, 2007: Inter Parfums, Inc. (NASDAQ GS: IPAR) today reported record results for the third quarter and nine months ended September 30, 2007.

Third Quarter 2007 Compared to Third Quarter 2006:

• Net sales increased 14% to a record $102.3 million, from $89.7 million; at comparable foreign currency exchange rates, net sales increased 9%;
• European-based operations achieved sales of $88.1 million, a 16% increase as compared to $76.1 million in the same period last year;
• Sales by U.S.-based operations increased 4% to $14.2 million, compared to $13.6 million in the same period one year earlier; 
• Gross margin rose to 59% from 54% due to the operations of the recently established majority-owned distribution subsidiaries and the faster growth rate of European-based prestige fragrances;
• S, G & A expense as a percentage of sales was 47% as compared to 44%;
• Operating margin was 12.1%, up from 10.5%;
• Net income increased 22% to $5.7 million, from $4.6 million; and,
• Diluted earnings per share were $0.27, up 17% from $0.23 per diluted share.

Net sales for the nine months ended September 30, 2007 increased 17% to $270.2 million from $230.9 million in the first nine months of 2006; in constant dollars, net sales were up 12% for the period.  Net income for the first nine months of 2007 increased 24% to $15.2 million or $0.74 per diluted share compared to $12.3 million or $0.60 per diluted share in the same period one year earlier.

Jean Madar, Chairman of the Board and Chief Executive Officer, noted, “As we reported a few weeks ago, the 4% increase in third quarter U.S. sales was achieved despite the exceptional threshold set in the same period of 2006.  In last year’s third quarter, U.S. sales were 64% ahead of the third quarter of 2005, primarily due to first time shipments to all Banana Republic’s North American stores.  The current third quarter sales increase reflects the staged rollout of new products to additional Gap stores, as well as new product launches for both Banana Republic and Gap stores.  For Banana Republic, two new fragrances were added to the Discover Collection, and companion products such as body wash, body cream and shower gel were also introduced.”

Mr. Madar continued, “Beginning in the third quarter, Individuals, a very special high end collection of five fragrances for men and women as well as a men’s fragrance and grooming collection, known as G7, began being rolled-out to Gap’s North American stores.  In addition, special holiday and seasonal products and assortments created for both Banana Republic and Gap stores are being shipped in the fourth quarter of 2007.  We are also excited about this month’s launch of the initial bath and body collections and holiday gift sets that were developed for New York & Company’s more than 560 stores.”

Moving on to European-based operations, Mr. Madar added, “The launches of the Roxy and Paul Smith Rose fragrances and the increasing contribution of Van Cleef & Arpels fragrances factored into the 16% sales increase as did the operations of our four majority-owned European distribution subsidiaries.”

Mr. Madar then went on to update the Company’s prestige product plans, saying, “2008 is looking to be our most ambitious year ever.  The line-up features the Beat, the sixth fragrance family for Burberry fragrance.  The women’s scent is scheduled for introduction in March 2008.  Two more women’s Roxy fragrances, Love and Heart, a Quiksilver fragrance for men, and a Quiksilver suncare collection, are also launching next year.  For Van Cleef & Arpels, we are readying our first new fragrance for women under the brand; and, we will also relaunch First.  Plans also call for a women’s Lanvin fragrance, limited edition men’s and women’s fragrances for Paul Smith, and an S.T. Dupont fragrance line for both men and women.”

Record 2007 Forecast as Management Reaffirms Guidance

Management again reaffirms its full year 2007 guidance projecting record net sales, record net income and record diluted earnings per share of approximately $378 million, $21.5 million and $1.04, respectively.   This guidance assumes the dollar remains at current levels.  Russell Greenberg, Executive Vice President and CFO noted, “As expected, seasonality is indeed playing a larger role in our quarterly results than it has in the past, with a larger proportion of annual sales booked in the second half.  The timing of shipments by our majority-owned distribution subsidiaries to their customers and delivery schedules for our U.S. specialty retail customers weigh more heavily in the second half.”  Inter Parfums plans to announce its initial 2008 guidance on Wednesday, November 28, 2007 after the close of the market.

Quarterly Dividend

The Company’s regular quarterly cash dividend of $0.05 per share will be payable on January 15, 2008 to shareholders of record on December 31, 2007.

Conference Call

The management of Inter Parfums will host a conference call at 12:00 noon ET on Thursday, November 8, 2007, to discuss third quarter results and other recent developments.  Interested parties may participate by calling 706-679-3037, approximately 10 minutes before the start of the call.  This conference call will also be distributed live over the Internet via the Investor Relations section of the Company’s web site at www.interparfumsinc.com.  To listen to the live call, please go to the web site in advance to register, and if needed, download and install any necessary audio software.  If you are unable to listen live, the conference call will be archived and can be accessed for approximately 90 days at the web site. 

Inter Parfums develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Burberry, Paul Smith, S.T. Dupont, Christian Lacroix, Quiksilver/Roxy and Van Cleef & Arpels.  The Company also owns Lanvin Perfumes and Nickel S.A., a men’s skin care company.  It also produces personal care products for specialty retailers under exclusive agreements with Gap Inc. and New York & Company.  In addition, Inter Parfums produces and supplies mass market fragrances and fragrance related products.  The Company’s products are sold in over 120 countries worldwide.

Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. In some cases you can identify forward-looking statements by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will" and "would" or similar words. You should not rely on forward-looking statements because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings “Forward Looking Statements” and "Risk Factors" in Inter Parfums' annual report on Form 10-K for the fiscal year ended December 31, 2006, and the reports Inter Parfums files from time to time with the Securities and Exchange Commission. Inter Parfums does not intend to and undertakes no duty to update the information contained in this press release.

Contact at Inter Parfums, Inc.                          or       Investor Relations Counsel

Russell Greenberg, Exec. VP & CFO                        The Equity Group Inc.

(212) 983-2640                                                        Linda Latman  (212) 836- 9609/llatman@equityny.com

rgreenberg@interparfumsinc.com                               Lena Cati  (212) 836-9611/lcati@equityny.com

www.interparfumsinc.com                                          www.theequitygroup.com

Inter Parfums, Inc.

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(In thousands, except per share data)

Inter Parfums, Inc.

CONSOLIDATED BALANCE SHEETS

 (In thousands except share and per share data)

ASSETS