| x | Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2011. |
|---|---------------------------------------------------------------------------------------------------------------------------------------|

|  ̈ | Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ___________to ________. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| Delaware                        |   | 13-3275609          |
|---------------------------------|--------|---------------------|
| (State or other jurisdiction of |   | (I.R.S. Employer    |
| incorporation or organization)  |   | Identification No.) |

| 551 Fifth Avenue, New York, New York     |   | 10176      |
|------------------------------------------|--------|------------|
| (Address of Principal Executive Offices) |   | (Zip Code) |

| (212) 983-2640                                      |
|-----------------------------------------------------|
| (Registrants telephone number, including area code) |

| Large accelerated Filer  ̈                                             | Accelerated filer x              |
|----------------------------------------------------------------------------|----------------------------------|
| Non-accelerated filer  ̈ (Do not check if a smaller reporting company) | Smaller reporting company  ̈ |

----

|                                                                                                               |         | Page Number |
|--------------------------------------------------------------------------------------------------------------------|--------------|-------------|
| Part I.   Financial Information                                                                     |         | 1           |
|                                                                                                               |         |        |
| Item 1.   Financial Statements                                                                      |         | 1           |
|                                                                                                               |         |        |
| Consolidated Balance Sheets as of June 30, 2011 and December 31, 2010                                              |         | 2           |
|                                                                                                               |         |        |
| Consolidated Statements of Income for the Three and Six Months Ended June 30, 2011 and June 30, 2010               |         | 3           |
|                                                                                                               |         |        |
| Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2011 and June 30, 2010 |         | 4           |
|                                                                                                               |         |        |
| Consolidated Statements of Changes in Equity for the Six Months Ended June 30, 2011 and June 30, 2010              |         | 5           |
|                                                                                                               |         |        |
| Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2011 and June 30, 2010                     |         | 6           |
|                                                                                                               |         |        |
| Notes to Consolidated Financial Statements                                                                         |         | 7           |
|                                                                                                               |         |        |
| Item 2.   Management's Discussion and Analysis of Financial Condition and Results of Operations     |         | 17          |
|                                                                                                               |         |        |
| Item 3.   Quantitative and Qualitative Disclosures About Market Risk                                |         | 31          |
|                                                                                                               |         |        |
| Item 4.   Controls and Procedures                                                                   |         | 32          |
|                                                                                                               |         |        |
| Part II.   Other Information                                                                        |         | 33          |
|                                                                                                               |         |        |
| Item 6.   Exhibits                                                                                  |         | 33          |
|                                                                                                               |         |        |
| Signatures                                                                                                         |    |        |

----

----

|                                                                                                                                                      |   | June 30,2011 |    |   | December 31,2010 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|---------|--------|-----------------------|--------|
|                                                                                                                                                      |   |              |    |   |                  |   |
| ASSETS                                                                                                                                                    |   |              |    |   |                  |   |
| Current assets:                                                                                                                                           |   |              |    |   |                  |   |
| Cash and cash equivalents                                                                                                                                 |   | $                 | 38,774  |   |                  | $      | 37,548 |   |
| Short-term investments                                                                                                                                    |   |              | 14,102  |   |                  |   | 49,391 |   |
| Accounts receivable, net                                                                                                                                  |   |              | 118,237 |   |                  |   | 97,593 |   |
| Inventories                                                                                                                                               |   |              | 176,311 |   |                  |   | 109,840 |   |
| Receivables, other                                                                                                                                        |   |              | 2,727   |   |                  |   | 3,688 |   |
| Other current assets                                                                                                                                      |   |              | 5,388   |   |                  |   | 4,635 |   |
| Deferred tax assets                                                                                                                                       |   |              | 7,224   |   |                  |   | 7,230 |   |
| Total current assets                                                                                                                                      |   |              | 362,763 |   |                  |   | 309,925 |   |
| Equipment and leasehold improvements, net                                                                                                                 |   |              | 14,903  |   |                  |   | 11,207 |   |
| Goodwill                                                                                                                                                  |   |              | 3,922   |   |                  |   | 3,654 |   |
| Trademarks, licenses and other intangible assets, net                                                                                                     |   |              | 119,163 |   |                  |   | 111,402 |   |
| Other assets                                                                                                                                              |   |              | 2,076   |   |                  |   | 1,917 |   |
| Total assets                                                                                                                                              |   | $                 | 502,827 |   |                  | $      | 438,105 |   |
|                                                                                                                                                      |   |              |    |   |                  |   |   |   |
| LIABILITIES AND EQUITY                                                                                                                                    |   |              |    |   |                  |   |   |   |
| Current liabilities:                                                                                                                                      |   |              |    |   |                  |   |   |   |
| Loans payable – banks                                                                                                                               |   | $                 | 7,686   |   |                  | $      | 5,250 |   |
| Current portion of long-term debt                                                                                                                         |   |              | 9,166   |   |                  |   | 11,090 |   |
| Accounts payable - trade                                                                                                                                  |   |              | 86,505  |   |                  |   | 52,694 |   |
| Accrued expenses                                                                                                                                          |   |              | 45,931  |   |                  |   | 47,413 |   |
| Income taxes payable                                                                                                                                      |   |              | 1,685   |   |                  |   | 7,905 |   |
| Dividends payable                                                                                                                                         |   |              | 2,443   |   |                  |   | 1,979 |   |
| Total current liabilities                                                                                                                                 |   |              | 153,416 |   |                  |   | 126,331 |   |
| Long-term debt, less current portion                                                                                                                      |   |              | 1,983   |   |                  |   | 5,039 |   |
| Deferred tax liability                                                                                                                                    |   |              | 6,920   |   |                  |   | 6,789 |   |
| Equity:                                                                                                                                                   |   |              |    |   |                  |   |   |   |
| Inter Parfums, Inc. shareholders’ equity:                                                                                                           |   |              |    |   |                  |   |   |   |
| Preferred stock, $.001 par; authorized 1,000,000 shares; none issued                                                                                      |   |              |    |   |                  |   |   |   |
| Common stock, $.001 par; authorized 100,000,000 shares; outstanding 30,534,081 and 30,445,881 shares at June 30, 2011 and December 31, 2010, respectively |   |              | 31      |   |                  |   | 30 |   |
| Additional paid-in capital                                                                                                                                |   |              | 50,416  |   |                  |   | 48,887 |   |
| Retained earnings                                                                                                                                         |   |              | 218,414 |   |                  |   | 205,453 |   |
| Accumulated other comprehensive income                                                                                                                    |   |              | 31,091  |   |                  |   | 14,757 |   |
| Treasury stock, at cost, 10,009,492 common shares at June 30, 2011 and December 31, 2010                                                                  |   |              | (34,151 | )      |                  |   | (34,151 | ) |
| Total Inter Parfums, Inc. shareholders’ equity                                                                                                      |   |              | 265,801 |   |                  |   | 234,976 |   |
| Noncontrolling interest                                                                                                                                   |   |              | 74,707  |   |                  |   | 64,970 |   |
| Total equity                                                                                                                                              |   |              | 340,508 |   |                  |   | 299,946 |   |
| Total liabilities and equity                                                                                                                              |   | $                 | 502,827 |   |                  | $      | 438,105 |   |

----

|                                                                    |   | Three Months EndedJune 30, |    |   | Six Months EndedJune 30, |   |
|-------------------------------------------------------------------------|--------|----------------------------|---------|--------|--------------------------|--------|
|                                                                    |   | 2011                       |    |   | 2010                     |   |   | 2011 |   |   | 2010 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |
| Net sales                                                               |   | $                          | 121,063 |   |                     | $      | 107,765 |   |   | $ | 254,426 |   |   | $ | 227,138 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Cost of sales                                                           |   |                       | 46,077  |   |                     |   | 43,041 |   |   |   | 92,850 |   |   |   | 90,693 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Gross margin                                                            |   |                       | 74,986  |   |                     |   | 64,724 |   |   |   | 161,576 |   |   |   | 136,445 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                            |   |                       | 64,139  |   |                     |   | 53,240 |   |   |   | 125,188 |   |   |   | 108,938 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Income from operations                                                  |   |                       | 10,847  |   |                     |   | 11,484 |   |   |   | 36,388 |   |   |   | 27,507 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Other expenses (income):                                                |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                        |   |                       | 390     |   |                     |   | 510 |   |   |   | 830 |   |   |   | 1,098 |   |
| (Gain) loss on foreign currency                                         |   |                       | 567     |   |                     |   | 514 |   |   |   | 148 |   |   |   | 2,896 |   |
| Interest income                                                         |   |                       | (389    | )      |                     |   | (341 | ) |   |   | (706 | ) |   |   | (595 | ) |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|                                                                    |   |                       | 568     |   |                     |   | 683 |   |   |   | 272 |   |   |   | 3,399 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Income before income taxes                                              |   |                       | 10,279  |   |                     |   | 10,801 |   |   |   | 36,116 |   |   |   | 24,108 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Income taxes                                                            |   |                       | 3,851   |   |                     |   | 3,818 |   |   |   | 12,348 |   |   |   | 8,175 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                              |   |                       | 6,428   |   |                     |   | 6,983 |   |   |   | 23,768 |   |   |   | 15,933 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Less:  Net income attributable to the noncontrolling interest |   |                       | 1,435   |   |                     |   | 1,627 |   |   |   | 6,016 |   |   |   | 4,027 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to Inter Parfums, Inc.                          |   | $                          | 4,993   |   |                     | $      | 5,356 |   |   | $ | 17,752 |   |   | $ | 11,906 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per share:                                                     |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to Inter Parfums, Inc. common shareholders:     |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                   |   | $                          | 0.16    |   |                     | $      | 0.18 |   |   | $ | 0.58 |   |   | $ | 0.39 |   |
| Diluted                                                                 |   | $                          | 0.16    |   |                     | $      | 0.18 |   |   | $ | 0.58 |   |   | $ | 0.39 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of shares outstanding:                          |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                   |   |                       | 30,506  |   |                     |   | 30,361 |   |   |   | 30,490 |   |   |   | 30,277 |   |
| Diluted                                                                 |   |                       | 30,695  |   |                     |   | 30,467 |   |   |   | 30,664 |   |   |   | 30,379 |   |
|                                                                    |   |                       |    |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Dividends declared per share                                            |   | $                          | 0.08    |   |                     | $      | 0.065 |   |   | $ | 0.16 |   |   | $ | 0.13 |   |

----

|                                                                     |   | Three Months EndedJune 30, |   |   | Six Months EndedJune 30, |   |
|--------------------------------------------------------------------------|--------|----------------------------|--------|--------|--------------------------|--------|
|                                                                     |   | 2011                       |   |   | 2010                     |   |   | 2011 |   |   | 2010 |   |
| Comprehensive income (loss):                                             |   |                       |   |   |                     |   |   |   |   |   |   |   |
|                                                                     |   |                       |   |   |                     |   |   |   |   |   |   |   |
| Net income                                                               |   | $                          | 6,428  |   |                     | $      | 6,983 |   |   | $ | 23,768 |   |   | $ | 15,933 |   |
|                                                                     |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income:                                              |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Net derivative instrument gain, net of tax                               |   |                       | 82     |   |                     |   | (13 | ) |   |   | 102 |   |   |   | 46 |   |
|                                                                     |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Translation adjustments, net of tax                                      |   |                       | 3,963  |   |                     |   | (22,728 | ) |   |   | 21,382 |   |   |   | (39,764 | ) |
|                                                                     |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income (loss)                                              |   |                       | 10,473 |   |                     |   | (15,758 | ) |   |   | 45,252 |   |   |   | (23,785 | ) |
|                                                                     |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income attributable to the noncontrolling interests:       |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                               |   |                       | 1,435  |   |                     |   | 1,627 |   |   |   | 6,016 |   |   |   | 4,027 |   |
|                                                                     |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income:                                              |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Net derivative instrument gain, net of tax                               |   |                       | 21     |   |                     |   | (26 | ) |   |   | 22 |   |   |   | 48 |   |
|                                                                     |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Translation adjustments, net of tax                                      |   |                       | 806    |   |                     |   | (5,384 | ) |   |   | 5,128 |   |   |   | (9,422 | ) |
|                                                                     |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income (loss) attributable to the noncontrolling interests |   |                       | 2,262  |   |                     |   | (3,783 | ) |   |   | 11,166 |   |   |   | (5,347 | ) |
|                                                                     |   |                       |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income(loss) attributable to Inter Parfums, Inc.           |   | $                          | 8,211  |   |                     | $      | (11,975 | ) |   | $ | 34,086 |   |   | $ | (18,438 | ) |

----

|                                                   |   | Inter Parfums, Inc. shareholders |    |   |       |   |    |     |   |
|-------------------------------------------------------------|--------|----------------------------------|---------|--------|------------|--------|---------|----------|--------|
|                                                        |   |                             |    |   |       |   |    |     |   |   | Accumulated |   |   |   |   |   |   |   |   |   |   |
|                                                        |   |                             |    |   | Additional |   |    |     |   |   | other |   |   |   |   |   |   |   |   |   |   |
|                                                        |   | Common                           |    |   | paid-in    |   |    | Retained |   |   | comprehensive |   |   | Treasury |   |   | Noncontrolling |   |   |   |   |
|                                                        |   | stock                            |    |   | Capital    |   |    | earnings |   |   | income |   |   | stock |   |   | interest |   |   | Total |   |
| Balance – January 1, 2010                             |   | $                                | 30      |   |       | $      | 45,126  |     |   | $ | 186,611 |   |   | $ | 28,022 |   |   | $ | (33,043 | ) |   | $ | 60,667 |   |   | $ | 287,413 |   |
| Comprehensive income:                                       |   |                             |    |   |       |   |    |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                  |   |                             | — |   |       |   | — |     |   |   | 11,906 |   |   |   | — |   |   |   | — |   |   |   | 4,027 |   |   |   | 15,933 |   |
| Foreign currency translation adjustment                     |   |                             | — |   |       |   | — |     |   |   | — |   |   |   | (30,342 | ) |   |   | — |   |   |   | (9,422 | ) |   |   | (39,764 | ) |
| Net derivative instrument gain (loss), net of tax           |   |                             | — |   |       |   | — |     |   |   | — |   |   |   | (2 | ) |   |   | — |   |   |   | 48 |   |   |   | 46 |   |
| Shares issued upon exercise of stock options                |   |                             | — |   |       |   | 3,459   |     |   |   | — |   |   |   | — |   |   |   | 493 |   |   |   | — |   |   |   | 3,952 |   |
| Purchase of subsidiary shares from noncontrolling interests |   |                             | — |   |       |   | (1,063  | )        |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (1,913 | ) |   |   | (2,976 | ) |
| Sale of subsidiary shares to noncontrolling interests       |   |                             | — |   |       |   | 1,039   |     |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 3,267 |   |   |   | 4,306 |   |
| Dividends                                                   |   |                             | — |   |       |   | — |     |   |   | (3,943 | ) |   |   | — |   |   |   | — |   |   |   | (2,049 | ) |   |   | (5,992 | ) |
| Shares received upon exercise of stock options              |   |                             | — |   |       |   | — |     |   |   | — |   |   |   | — |   |   |   | (1,601 | ) |   |   | — |   |   |   | (1,601 | ) |
| Stock compensation                                          |   |                             | — |   |       |   | 298     |     |   |   | 78 |   |   |   | — |   |   |   | — |   |   |   | 47 |   |   |   | 423 |   |
| Balance – June 30, 2010                               |   | $                                | 30      |   |       | $      | 48,859  |     |   | $ | 194,652 |   |   | $ | (2,322 | ) |   | $ | (34,151 | ) |   | $ | 54,672 |   |   | $ | 261,740 |   |
|                                                        |   |                             |    |   |       |   |    |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance – January 1, 2011                             |   | $                                | 30      |   |       | $      | 48,887  |     |   | $ | 205,453 |   |   | $ | 14,757 |   |   | $ | (34,151 | ) |   | $ | 64,970 |   |   | $ | 299,946 |   |
| Comprehensive income:                                       |   |                             |    |   |       |   |    |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                  |   |                             | — |   |       |   | — |     |   |   | 17,752 |   |   |   | — |   |   |   | — |   |   |   | 6,016 |   |   |   | 23,768 |   |
| Foreign currency translation adjustment                     |   |                             | — |   |       |   | — |     |   |   | — |   |   |   | 16,254 |   |   |   | — |   |   |   | 5,128 |   |   |   | 21,382 |   |
| Net derivative instrument gain, net of tax                  |   |                             | — |   |       |   | — |     |   |   | — |   |   |   | 80 |   |   |   | — |   |   |   | 22 |   |   |   | 102 |   |
| Shares issued upon exercise of stock options                |   |                             | 1       |   |       |   | 1,115   |     |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 1,116 |   |
| Purchase of subsidiary shares from noncontrolling interests |   |                             | — |   |       |   | (417    | )        |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (333 | ) |   |   | (750 | ) |
| Sale of subsidiary shares to noncontrolling interests       |   |                             | — |   |       |   | 479     |     |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 2,021 |   |   |   | 2,500 |   |
| Dividends                                                   |   |                             | — |   |       |   | — |     |   |   | (4,881 | ) |   |   | — |   |   |   | — |   |   |   | (3,149 | ) |   |   | (8,030 | ) |
| Stock compensation                                          |   |                             | — |   |       |   | 352     |     |   |   | 90 |   |   |   | — |   |   |   | — |   |   |   | 32 |   |   |   | 474 |   |
| Balance – June 30, 2011                               |   | $                                | 31      |   |       | $      | 50,416  |     |   | $ | 218,414 |   |   | $ | 31,091 |   |   | $ | (34,151 | ) |   | $ | 74,707 |   |   | $ | 340,508 |   |

----

|                                                                                        |   | Six months endedJune 30, |    |
|---------------------------------------------------------------------------------------------|--------|--------------------------|---------|
|                                                                                        |   | 2011                     |    |   | 2010 |   |
| Cash flows from operating activities:                                                       |   |                     |    |   |   |   |
| Net income                                                                                  |   | $                        | 23,768  |   |   | $ | 15,933 |   |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: |   |                     |    |   |   |   |   |   |
| Depreciation and amortization                                                               |   |                     | 6,221   |   |   |   | 4,665 |   |
| Provision for doubtful accounts                                                             |   |                     | 1,166   |   |   |   | (186 | ) |
| Noncash stock compensation                                                                  |   |                     | 536     |   |   |   | 484 |   |
| Deferred tax (benefit)                                                                      |   |                     | 45      |   |   |   | (1,572 | ) |
| Change in fair value of derivatives                                                         |   |                     | (193    | ) |   |   | (137 | ) |
| Changes in:                                                                                 |   |                     |    |   |   |   |   |   |
| Accounts receivable                                                                         |   |                     | (14,830 | ) |   |   | (15,968 | ) |
| Inventories                                                                                 |   |                     | (57,847 | ) |   |   | (24,428 | ) |
| Other assets                                                                                |   |                     | 928     |   |   |   | 5,460 |   |
| Accounts payable and accrued expenses                                                       |   |                     | 24,637  |   |   |   | 34,370 |   |
| Income taxes payable, net                                                                   |   |                     | (6,749  | ) |   |   | 1,143 |   |
|                                                                                        |   |                     |    |   |   |   |   |   |
| Net cash provided by (used in) operating activities                                         |   |                     | (22,318 | ) |   |   | 19,764 |   |
|                                                                                        |   |                     |    |   |   |   |   |   |
| Cash flows from investing activities:                                                       |   |                     |    |   |   |   |   |   |
| Purchases of short-term investments                                                         |   |                     | (4,022  | ) |   |   | (44,159 | ) |
| Proceeds from sale of short-term investments                                                |   |                     | 42,052  |   |   |   | 7,975 |   |
| Purchases of equipment and leasehold improvements                                           |   |                     | (5,502  | ) |   |   | (2,567 | ) |
| Payment for intangible assets acquired                                                      |   |                     | (3,077  | ) |   |   | (1,834 | ) |
|                                                                                        |   |                     |    |   |   |   |   |   |
| Net cash provided by (used in) investing activities                                         |   |                     | 29,451  |   |   |   | (40,585 | ) |
|                                                                                        |   |                     |    |   |   |   |   |   |
| Cash flows from financing activities:                                                       |   |                     |    |   |   |   |   |   |
| Proceeds from (repayments of ) loans payable – banks, net                             |   |                     | 1,988   |   |   |   | (1,367 | ) |
| Repayment of long-term debt                                                                 |   |                     | (5,859  | ) |   |   | (5,397 | ) |
| Proceeds from exercise of options                                                           |   |                     | 1,116   |   |   |   | 2,457 |   |
| Proceeds from sale of stock of subsidiary                                                   |   |                     | 2,500   |   |   |   | 4,306 |   |
| Payment for noncontrolling interests acquired                                               |   |                     | (750    | ) |   |   | (2,976 | ) |
| Dividends paid                                                                              |   |                     | (4,418  | ) |   |   | (2,960 | ) |
| Dividends paid to noncontrolling interest                                                   |   |                     | (3,149  | ) |   |   | (2,049 | ) |
| Purchase of treasury stock                                                                  |   |                     | — |   |   |   | (106 | ) |
|                                                                                        |   |                     |    |   |   |   |   |   |
| Net cash used in financing activities                                                       |   |                     | (8,572  | ) |   |   | (8,092 | ) |
|                                                                                        |   |                     |    |   |   |   |   |   |
| Effect of exchange rate changes on cash                                                     |   |                     | 2,665   |   |   |   | (12,884 | ) |
|                                                                                        |   |                     |    |   |   |   |   |   |
| Net increase (decrease) in cash and cash equivalents                                        |   |                     | 1,226   |   |   |   | (41,797 | ) |
|                                                                                        |   |                     |    |   |   |   |   |   |
| Cash and cash equivalents - beginning of period                                             |   |                     | 37,548  |   |   |   | 100,467 |   |
|                                                                                        |   |                     |    |   |   |   |   |   |
| Cash and cash equivalents - end of period                                                   |   | $                        | 38,774  |   |   | $ | 58,670 |   |
|                                                                                        |   |                     |    |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                                           |   |                     |    |   |   |   |   |   |
| Cash paid for:                                                                              |   |                     |    |   |   |   |   |   |
| Interest                                                                                    |   | $                        | 924     |   |   | $ | 1,067 |   |
| Income taxes                                                                                |   |                     | 18,087  |   |   |   | 6,795 |   |

----

| 1. | Significant Accounting Policies: |
|----|----------------------------------|

| 2. | New Accounting Pronouncements: |
|----|--------------------------------|

| 3. | Recent Agreements: |
|----|--------------------|

----

| 4. | Inventories: |
|----|--------------|

| (In thousands)               |   | June 30,2011 |    |   | December 31,2010 |   |
|-----------------------------------|--------|-------------------|---------|--------|-----------------------|--------|
|                              |   |              |    |   |                  |   |
| Raw materials and component parts |   | $                 | 62,480  |   |                  | $      | 40,809 |   |
| Finished goods                    |   |              | 113,831 |   |                  |   | 69,031 |   |
|                              |   |              |    |   |                  |   |   |   |
|                              |   | $                 | 176,311 |   |                  | $      | 109,840 |   |

| 5. | Fair Value Measurement: |
|----|-------------------------|

----

| (In thousands)                                                                  |   |   | Fair Value Measurements at June 30, 2011 |   |
|--------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------|--------|
|                                                                                 |   |   | Quoted Prices in                                             |   | Significant Other |   | Significant |   |
|                                                                                 |   |   | Active Markets for                                           |   | Observable |   | Unobservable |   |
|                                                                                 |   |   | Identical Assets                                                  |   | Inputs |   | Inputs |   |
|                                                                                 | Total  |   | (Level 1)                                                         |   | (Level 2) |   | (Level 3) |   |
| Assets:                                                                              |   |   |                                                                   |   |   |   |   |   |
| Short-term investments                                                               |   | $      | 14,102                                                                 |   |   | $ | — |   |   | $ | 14,102 |   |   | $ | — |   |
| Foreign currency forward exchange contracts not accounted for using hedge accounting |   |   | 650                                                                    |   |   |   | — |   |   |   | 650 |   |   |   | — |   |
|                                                                                 |   |   |                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | $      | 14,752                                                                 |   |   | $ | — |   |   | $ | 14,752 |   |   | $ | — |   |
| Liabilities:                                                                         |   |   |                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate swaps                                                                  |   | $      | 160                                                                    |   |   | $ | — |   |   | $ | 160 |   |   | $ | — |   |

| (In thousands)                                                                  |   |   |        |   | Fair Value Measurements at December 31, 2010 |   |
|--------------------------------------------------------------------------------------|--------|--------|-------------|--------|----------------------------------------------------------------------------|--------|
|                                                                                 |   |   |        |   | Quoted Prices in                                                 |   |   | Significant Other |   |   | Significant |   |
|                                                                                 |   |   |        |   | Active Markets for                                               |   |   | Observable |   |   | Unobservable |   |
|                                                                                 |   |   |        |   | Identical Assets                                                      |   |   | Inputs |   |   | Inputs |   |
|                                                                                 |   | Total  |        |   | (Level 1)                                                             |   |   | (Level 2) |   |   | (Level 3) |   |
| Assets:                                                                              |   |   |        |   |                                                                       |   |   |   |   |   |   |   |
| Short-term investments                                                               |   | $      | 49,391      |   |                                                                       | $      | — |   |   | $ | 49,391 |   |   | $ | — |   |
| Foreign currency forward exchange contracts not accounted for using hedge accounting |   |   | 1,024  |   |                                                                       |   | — |   |   |   | 1,024  |   |   |   | — |   |
|                                                                                 |   |   |        |   |                                                                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | $      | 50,415      |   |                                                                       | $      | — |   |   | $ | 50,415 |   |   | $ | — |   |
| Liabilities:                                                                         |   |   |        |   |                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate swaps                                                                  |   | $      | 333         |   |                                                                       | $      | — |   |   | $ | 333 |   |   | $ | — |   |

----

| 6. | Derivative Financial Instruments: |
|----|-----------------------------------|

|  Derivatives Designated as HedgingInstruments |   | Amount of Gain (Loss) Recognized in OCI on Derivative (EffectivePortion) |          |  Location of Gain (Loss) Reclassified from AccumulatedOCI into Income (Effective Portion) |   | Amount of Gain (Loss)Reclassified from Accumulated OCI into Income (Effective Portion) |                |   Location of Gain (Loss) Recognized in Income on Derivative (Effective Portion) |                            | Amount of Gain (Loss) Recognized in Income on Derivative (Effective Portion) (A) |   |
|-------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                              |   | Six months ended June30,                                                                                    |          |                                                                                                                                             |   | Six months ended June30,                                                                                                       |                |                                                                                                                                         |                            | Six months ended June30,                                                                                                      |   |
|                                                              |   | 2011                                                                                                                  |          |                                                                                                                                             | 2010   |                                                                                                                                     |                |                                                                                                                                         | 2011                            |                                                                                                                                    |   | 2010 |   |   |   | 2011 |   |   | 2010 |   |
| Foreign exchange contracts                                        |   | $                                                                                                                     | —       |                                                                                                                                             |   |                                                                                                                                     | —             |                                                                                                                                         | Gain (loss) on foreign currency |                                                                                                                                    | $      | — |   |   |   | — |   | Gain (loss) on foreign currency |   | $ | — |   |   |   | (2,679 | ) |
|                                                              |   |                                                                                                                  |          |                                                                                                                                             |   |                                                                                                                                     |                |                                                                                                                                         |                            |                                                                                                                                    |   |
|                                                              |   | Three months ended June 30,                                                                       |          |                                                                                                                                             |   | Three months ended June 30,                                                                                          |                |                                                                                                                                         |                            | Three months ended June30,                                                                                               |   |
|                                                              |   | 2011                                                                                                                  |          |                                                                                                                                             | 2010   |                                                                                                                                     |                |                                                                                                                                         | 2011                            |                                                                                                                                    |   | 2010 |   |   |   | 2011 |   |   | 2010 |   |
| Foreign exchange contracts                                        |   |  $                                                                                                               | —  |                                                                                                                                             |   |                                                                                                                                     | —   |                                                                                                                                         | Gain (loss) on foreign currency |                                                                                                                                    | $      | —   |   |   |   | —   |   | Gain (loss) on foreign currency |   | $ | —   |   |   |   | —   |   |

----

| Derivatives Not Designated  asHedging Instruments |   | Location of Gain (Loss) recognized in Income on Derivative |   | Six months ended June 30, 2011 |   |                | Six months ended June 30, 2010 |   |
|----------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------|--------|---------------------|---------------------------------------------------------|--------|
|                                                                       |   |                                                                                               |   |                                                    |   |                |                                                    |   |
| Interest rate swaps                                                        |   | Interest expense                                                                                   |   | $                                                       | 193    |                |                                                    | $      | 137 |   |
| Foreign exchange contracts                                                 |   | Gain (loss) on foreign currency                                                                    |   | $                                                       | (43    | )    |                                                    | $      | (69 | ) |

| Derivatives Not Designated as Hedging Instruments   |   | Location of Gain (Loss)recognized in Income onDerivative |   | Three months ended June 30,2011 |   |                | Three months ended June 30, 2010 |   |
|------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|--------|------------------------------------------------|--------|---------------------|------------------------------------------------------|--------|
|                                                                         |   |                                                                                   |   |                                           |   |                |                                                 |   |
| Interest rate swaps                                                          |   | Interest expense                                                                       |   | $                                              | 74     |                |                                                 | $      | 105 |   |
| Foreign exchange contracts                                                   |   | Gain (loss) on foreign currency                                                        |   | $                                              | (79    | )    |                                                 | $      | (11 | ) |

----

|               |   |   | Fair Value Measurements at June 30, 2011 |   |
|--------------------|--------|--------|------------------------------------------------------------------------|--------|
|               |   |   | Quoted Prices in                                             |   | Significant Other |   | Significant |   |
|               |   |   | Active Markets for                                           |   | Observable |   | Unobservable |   |
|               |   |   | Identical Assets                                                  |   | Inputs |   | Inputs |   |
|               | Total  |   | (Level 1)                                                         |   | (Level 2) |   | (Level 3) |   |
| Description        |   |   |                                                                   |   |   |   |   |   |
| Trademark - Nickel |   | $      | 2,517                                                                  |   |   | $ | — |   |   | $ | — |   |   | $ | 2,517 |   |
|               |   |   |                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill           |   | $      | 3,922                                                                  |   |   | $ | — |   |   | $ | — |   |   | $ | 3,922 |   |

|               |   |   | Fair Value Measurements at December 31, 2010 |   |
|--------------------|--------|--------|----------------------------------------------------------------------------|--------|
|               |   |   | Quoted Prices in                                                 |   | Significant Other |   | Significant |   |
|               |   |   | Active Markets for                                               |   | Observable |   | Unobservable |   |
|               |   |   | Identical Assets                                                      |   | Inputs |   | Inputs |   |
|               | Total  |   | (Level 1)                                                             |   | (Level 2) |   | (Level 3) |   |
| Description        |   |   |                                                                       |   |   |   |   |   |
| Trademark - Nickel |   | $      | 2,337                                                                      |   |   | $ | — |   |   | $ | — |   |   | $ | 2,337 |   |
|               |   |   |                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill           |   | $      | 3,654                                                                      |   |   | $ | — |   |   | $ | — |   |   | $ | 3,654 |   |

| 8. | Share-Based Payments: |
|----|-----------------------|

|                                          |   | Number of Shares |    |   | Weighted AverageGrant Date Fair Value |   |
|-----------------------------------------------|--------|----------------------------|---------|--------|-----------------------------------------------------------|--------|
| Nonvested options – beginning of period |   |                       | 480,843 |   |                                                      | $      | 4.32 |   |
| Nonvested options granted                     |   |                       | 3,500   |   |                                                      | $      | 5.27 |   |
| Nonvested options vested or forfeited         |   |                       | (16,600 | )      |                                                      | $      | 4.06 |   |
| Nonvested options – end of period       |   |                       | 467,743 |   |                                                      | $      | 4.34 |   |

----

|                                |   | Shares |    |   | Weighted AverageExercise Price |   |
|-------------------------------------|--------|--------|---------|--------|------------------------------------------|--------|
|                                |   |   |    |   |                                     |   |
| Outstanding at January 1, 2011      |   |   | 807,620 |   |                                     | $      | 12.78 |   |
| Options granted                     |   |   | 3,500   |   |                                     |   | 17.94 |   |
| Options cancelled                   |   |   | (3,910  | )      |                                     |   | 14.48 |   |
| Options exercised                   |   |   | (88,200 | )      |                                     |   | 12.65 |   |
|                                |   |   |    |   |                                     |   |   |   |
| Outstanding at June 30, 2011        |   |   | 719,010 |   |                                     | $      | 12.81 |   |
|                                |   |   |    |   |                                     |   |   |   |
| Options exercisable                 |   |   | 251,268 |   |                                     | $      | 12.13 |   |
| Options available for future grants |   |   | 823,485 |   |                                     |   |   |   |

| (In thousands)                        |   | June 30,2011 |    |   | June 30,2010 |   |
|--------------------------------------------|--------|-------------------|---------|--------|-------------------|--------|
|                                       |   |              |    |   |              |   |
| Cash proceeds from stock options exercised |   | $                 | 1,116   |   |              | $      | 738 |   |
| Tax benefits                               |   |              | — |   |              |   | — |   |
| Intrinsic value of stock options exercised |   |              | 650     |   |              |   | 1,173 |   |

----

|                                             |   | June 30,2011 |   |   | June 30,2010 |   |
|--------------------------------------------------|--------|-------------------|--------|--------|-------------------|--------|
|                                             |   |              |   |   |              |   |
| Weighted-average expected stock-price volatility |   |              | 38     | %      |              |   | 49 | % |
| Weighted-average expected option life            |   | 4.5 years         |   |   | 4.18 years        |   |
| Weighted-average risk-free interest rate         |   |              | 2.0    | %      |              |   | 2.5 | % |
| Weighted-average dividend yield                  |   |              | 1.7    | %      |              |   | 2.0 | % |

| 9. | Net Income Attributable to Inter Parfums, Inc. Common Shareholders: |
|----|---------------------------------------------------------------------|

|                                                     |   | Three months ended |   |     | Six months ended |   |
|----------------------------------------------------------|--------|------------------------------|--------|----------|----------------------------|--------|
| (In thousands)                                      |   | June 30,                |   |     | June 30,              |   |
|                                                     |   | 2011                         |   |     | 2010                       |   |   | 2011 |   |   | 2010 |   |
| Numerator:                                               |   |                         |   |     |                       |   |   |   |   |   |   |   |
| Net income attributable to Inter Parfums, Inc.           |   | $                            | 4,993  |     |                       | $      | 5,356 |   |   | $ | 17,752 |   |   | $ | 11,906 |   |
| Effect of dilutive securities of consolidated subsidiary |   |                         | (5     | )   |                       |   | (12 | )   |   |   | (59 | )   |   |   | (17 | )   |
| Numerator for diluted earnings per share                 |   | $                            | 4,988  |     |                       | $      | 5,344 |   |   | $ | 17,693 |   |   | $ | 11,889 |   |
| Denominator:                                             |   |                         |   |     |                       |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares                                  |   |                         | 30,506 |     |                       |   | 30,361 |   |   |   | 30,490 |   |   |   | 30,277 |   |
| Effect of dilutive securities:                           |   |                         |   |     |                       |   |   |   |   |   |   |   |   |   |   |   |
| Stock options and warrants                               |   |                         | 189    |     |                       |   | 106 |   |   |   | 174 |   |   |   | 102 |   |
| Denominator for diluted earnings per share               |   |                         | 30,695 |     |                       |   | 30,467 |   |   |   | 30,664 |   |   |   | 30,379 |   |
|                                                     |   |                         |   |     |                       |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per share:                                      |   |                         |   |     |                       |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to Inter Parfums, Inc.           |   |                         |   |     |                       |   |   |   |   |   |   |   |   |   |   |   |
| common shareholders:                                     |   |                         |   |     |                       |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                    |   | $                            | 0.16   |     |                       | $      | 0.18 |   |   | $ | 0.58 |   |   | $ | 0.39 |   |
| Diluted                                                  |   |                         | 0.16   |     |                       |   | 0.18 |   |   |   | 0.58 |   |   |   | 0.39 |   |

----

| 10. | Net Income Attributable to Inter Parfums, Inc. and Transfers From the Noncontrolling Interest: |
|-----|------------------------------------------------------------------------------------------------|

| (In thousands)                                                                                             |   | Three months endedJune 30, |   |   | Six months endedJune 30, |   |
|-----------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|--------|-----------------------------------------|--------|
|                                                                                                            |   | 2011                                      |   |   | 2010                                    |   |   | 2011 |   |   | 2010 |   |
|                                                                                                            |   |                                      |   |   |                                    |   |   |   |   |   |   |   |
| Net income attributable to Inter Parfums, Inc.                                                                  |   | $                                         | 4,993  |   |                                    | $      | 5,356 |   |   | $ | 17,752 |   |   | $ | 11,906 |   |
| Increase (decrease) in Inter Parfums, Inc.’s additional paid-in capital for subsidiary share transactions |   |                                      | (151   | )      |                                    |   | (985 | ) |   |   | 62 |   |   |   | (24 | ) |
| Change from net income attributable to Inter Parfums, Inc. and transfers from noncontrolling interest           |   | $                                         | 4,842  |   |                                    | $      | 4,371 |   |   | $ | 17,814 |   |   | $ | 11,882 |   |

| 11. | Segment and Geographic Areas: |
|-----|-------------------------------|

|   | The Company manufactures and distributes one product line, fragrances and fragrance related products. The Company manages its business in two segments, European based operations and United States based operations. The European assets are located, and operations are primarily conducted, in France. European operations primarily represent the sale of prestige brand name fragrances and United States operations primarily represent the sale of specialty retail and mass market fragrances. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Information on our operations by geographical areas is as follows: |
|--------|--------------------------------------------------------------------|

| (In thousands)                                    |   | Three months endedJune 30, |    |   | Six months endedJune 30, |   |
|--------------------------------------------------------|--------|-------------------------------------------|---------|--------|-----------------------------------------|--------|
|                                                   |   | 2011                                      |    |   | 2010                                    |   |   | 2011 |   |   | 2010 |   |
| Net sales:                                             |   |                                      |    |   |                                    |   |   |   |   |   |   |   |
| United States                                          |   | $                                         | 14,538  |   |                                    | $      | 15,838 |   |   | $ | 26,332 |   |   | $ | 26,916 |   |
| Europe                                                 |   |                                      | 106,525 |   |                                    |   | 91,927 |   |   |   | 228,094 |   |   |   | 200,222 |   |
|                                                   |   |                                      |    |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | $                                         | 121,063 |   |                                    | $      | 107,765 |   |   | $ | 254,426 |   |   | $ | 227,138 |   |
|                                                   |   |                                      |    |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) attributable to Inter Parfums, Inc.: |   |                                      |    |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| United States                                          |   | $                                         | 230     |   |                                    | $      | 359 |   |   | $ | (64 | ) |   | $ | (178 | ) |
| Europe                                                 |   |                                      | 4,763   |   |                                    |   | 4,975 |   |   |   | 17,816 |   |   |   | 12,062 |   |
| Eliminations of intercompany profits                   |   |                                      | — |   |                                    |   | 22 |   |   |   | — |   |   |   | 22 |   |
|                                                   |   |                                      |    |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   | $                                         | 4,993   |   |                                    | $      | 5,356 |   |   | $ | 17,752 |   |   | $ | 11,906 |   |
|                                                   |   |                                      |    |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |                                      |    |   |                                    |   |   |   |   | June 30, |   |   | December 31, |   |
|                                                   |   |                                      |    |   |                                    |   |   |   |   | 2011  |   |   | 2010  |   |
| Total Assets:                                          |   |                                      |    |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| United States                                          |   |                                      |    |   |                                    |   |   |   |   | $ | 57,555 |   |   | $ | 40,896 |   |
| Europe                                                 |   |                                      |    |   |                                    |   |   |   |   |   | 454,560 |   |   |   | 398,547 |   |
| Eliminations of investment in subsidiary               |   |                                      |    |   |                                    |   |   |   |   |   | (9,288 | ) |   |   | (1,338 | ) |
|                                                   |   |                                      |    |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |   |                                      |    |   |                                    |   |   |   |   | $ | 502,827 |   |   | $ | 438,105 |   |

| 12.  | Accrued Expenses: |
|-----------|-------------------|

|   | Accrued expenses include approximately $15.6 million and $14.7 million in advertising liabilities as of June 30, 2011 and December 31, 2010, respectively. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.  | Reclassification: |
|-----------|-------------------|

----

| Item 2: | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|---------|---------------------------------------------------------------------------------------------|

----

----

----

----

----

| In thousands                     |   |   |   |   | Increase (decrease) |   |
|----------------------------------|--------|--------|--------|--------|---------------------|--------|
|                             |   | Change |   |   | to fair value       |   |
|                             |   |   |   |   |                |   |
| Weighted average cost of capital |   |   | +10    | %      |                | $      | (219 | ) |
| Weighted average cost of capital |   |   | -10    | %      |                | $      | 280 |   |
| Future sales levels              |   |   | +10    | %      |                | $      | 266 |   |
| Future sales levels              |   |   | -10    | %      |                | $      | (266 | ) |

----

----

| Net sales                    |   | Three months endedJune 30, |   |   | Six months endedJune 30, |   |
|-----------------------------------|--------|-------------------------------------------|--------|--------|-----------------------------------------|--------|
| (In millions)                |   | 2011                                      |   |   | %Change                                 |   |   | 2010 |   |   | 2011 |   |   | %Change |   |   | 2010 |   |
|                              |   |                                      |   |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| European based product sales      |   | $                                         | 106.5  |   |                                    |   | 16 | % |   | $ | 91.9 |   |   | $ | 228.1 |   |   |   | 14 | % |   | $ | 200.2 |   |
| United States based product sales |   |                                      | 14.6   |   |                                    |   | (8 | )% |   |   | 15.9 |   |   |   | 26.3 |   |   |   | (2 | )% |   |   | 26.9 |   |
|                              |   |                                      |   |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total net sales                   |   | $                                         | 121.1  |   |                                    |   | 12 | % |   | $ | 107.8 |   |   | $ | 254.4 |   |   |   | 12 | % |   | $ | 227.1 |   |

----

----

| Gross margin                      |   | Three months endedJune 30, |   |   | Six months endedJune 30, |   |
|----------------------------------------|--------|-------------------------------------------|--------|--------|-----------------------------------------|--------|
| (In millions)                     |   | 2011                                      |   |   | 2010                                    |   |   | 2011 |   |   | 2010 |   |
|                                   |   |                                      |   |   |                                    |   |   |   |   |   |   |   |
| Net sales                              |   | $                                         | 121.1  |   |                                    | $      | 107.8 |   |   | $ | 254.4 |   |   | $ | 227.1 |   |
| Cost of sales                          |   |                                      | 46.1   |   |                                    |   | 43.1 |   |   |   | 92.8 |   |   |   | 90.7 |   |
|                                   |   |                                      |   |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Gross margin                           |   | $                                         | 75.0   |   |                                    | $      | 64.7 |   |   | $ | 161.6 |   |   | $ | 136.4 |   |
| Gross margin as a percent of net sales |   |                                      | 62     | %      |                                    |   | 60 | % |   |   | 64 | % |   |   | 60 | % |

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| Selling, general and administrative expenses       |   | Three months endedJune 30, |   |   | Six months endedJune 30, |   |
|------------------------------------------------------------------------|--------|-------------------------------------------|--------|--------|-----------------------------------------|--------|
| (In millions)                                                          |   | 2011                                      |   |   | 2010                                    |   |   | 2011 |   |   | 2010 |   |
|                                                                   |   |                                      |   |   |                                    |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                           |   | $                                         | 64.1   |   |                                    | $      | 53.2 |   |   | $ | 125.2 |   |   | $ | 108.9 |   |
| Selling, general and administrative expenses as a percent of net sales |   |                                      | 53     | %      |                                    |   | 49 | % |   |   | 49 | % |   |   | 48 | % |

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| (In thousands except per share data)                 |   | Three Months EndedJune 30, |        |   | Six Months EndedJune 30, |   |
|-------------------------------------------------------------------------------|--------|-------------------------------------------|-------------|--------|-----------------------------------------|--------|
|                                                                          |   | 2011                                      |        |   | 2010                                    |   |   | 2011 |   |   | 2010 |   |
|                                                                          |   |                                      |        |   |                                    |   |   |   |   |   |   |   |
| Net income                                                                    |   | $                                         | 6,428       |   |                                    | $      | 6,983 |   |   | $ | 23,768 |   |   | $ | 15,933 |   |
|                                                                          |   |                                      |        |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Less:   Net income attributable to the noncontrolling interest |   |                                      |  1,435 |   |                                    |   |  1,627 |   |   |   |  6,016 |   |   |   |  4,027 |   |
|                                                                          |   |                                      |        |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to Inter Parfums, Inc.                                |   | $                                         |  4,993 |   |                                    | $      |  5,356 |   |   | $ |  17,752 |   |   | $ |  11,906 |   |
|                                                                          |   |                                      |        |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per share:                                                           |   |                                      |        |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
|                                                                          |   |                                      |        |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to Inter Parfums, Inc. common shareholders:           |   |                                      |        |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                         |   | $                                         | 0.16        |   |                                    | $      | 0.18 |   |   | $ | 0.58 |   |   | $ | 0.39 |   |
| Diluted                                                                       |   | $                                         | 0.16        |   |                                    | $      | 0.18 |   |   | $ | 0.58 |   |   | $ | 0.39 |   |
|                                                                          |   |                                      |        |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of shares outstanding:                                |   |                                      |        |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                         |   |                                      | 30,506      |   |                                    |   | 30,361 |   |   |   | 30,490 |   |   |   | 30,277 |   |
| Diluted                                                                       |   |                                      | 30,695      |   |                                    |   | 30,467 |   |   |   | 30,664 |   |   |   | 30,379 |   |

----

----

----

|                                                                               |   | Payments due by period |      |
|------------------------------------------------------------------------------------|--------|---------------------------------------|-----------|
| Contractual Obligations                                                       |   | Total                                 |      |   | Less than1 year |   |   | Years2-3 |   |   | Years4-5 |   |   | More than 5 years |   |
| Long-Term Debt (2)                                                                 |   | $                                     | 16,800    |   |   | $ | 11,600 |   |   | $ | 5,200 |   |   |   |   |   |   |   |
| Capital Lease Obligations                                                          |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Leases                                                                   |   | $                                     | 29,700    |   |   | $ | 6,900 |   |   | $ | 8,200 |   |   | $ | 5,500 |   |   | $ | 9,100 |   |
| Purchase obligations(1)                                                            |   | $                                     | 1,240,600 |   |   | $ | 140,400 |   |   | $ | 294,800 |   |   | $ | 311,100 |   |   | $ | 494,300 |   |
| Other Long-Term Liabilities Reflected on the Registrant's Balance Sheet under GAAP |   |                                  |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                              |   | $                                     | 1,287,100 |   |   | $ | 158,900 |   |   | $ | 308,200 |   |   | $ | 316,600 |   |   | $ | 503,400 |   |

| (1)  | Consists of purchase commitments for advertising and promotional items, minimum royalty guarantees, including fixed or minimum obligations, and estimates of such obligations subject to variable price provisions. Future advertising commitments were estimated based on planned future sales for the license terms that were in effect at December 31, 2010, without consideration for potential renewal periods and do not reflect the fact that our distributors share our advertising obligations. |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Includes long-term debt and related interest costs including interest rate swap amounts.  Interest due as the result of interest rate swaps is all at a fixed rate and is payable $0.21 million and $0.47 million in 2011 and 2012, respectively. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item 3: | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
|---------|------------------------------------------------------------|

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| Item 4. | CONTROLS AND PROCEDURES |
|---------|-------------------------|

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| Item 6. | Exhibits. |
|---------|-----------|

| Exhibit No. |         | Description                                                                                                                                                                                                                                                                                      |         | Page No. |
|-------------|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|----------|
|        |         |                                                                                                                                                                                                                                                                                             |         |     |
| 3.1.7       |         | Amendment to Restated Certificate of Incorporation, as amended, dated July 22, 2011                                                                                                                                                                                                              |         | 36       |
|        |         |                                                                                                                                                                                                                                                                                             |         |     |
| 10.148      |         | License Agreement dated April 26, 2011 between Anna Sui Corp. and Inter Parfums USA, LLC (Certain confidential information in this Exhibit 10.148 was omitted and filed separately with the Securities and Exchange Commission with a request for confidential treatment by Inter Parfums, Inc). |         | 37       |
|        |         |                                                                                                                                                                                                                                                                                             |         |     |
| 31.1        |         | Certifications required by Rule 13a-14(a) of Chief Executive Officer                                                                                                                                                                                                                             |         | 87       |
|        |         |                                                                                                                                                                                                                                                                                             |         |     |
| 31.2        |         | Certifications required by Rule 13a-14(a) of Chief Financial Officer                                                                                                                                                                                                                             |         | 88       |
|        |         |                                                                                                                                                                                                                                                                                             |         |     |
| 32.1        |         | Certification required by Section 906 of the Sarbanes-Oxley Act of Chief Executive Officer                                                                                                                                                                                                       |         | 89       |
|        |         |                                                                                                                                                                                                                                                                                             |         |     |
| 32.1        |    | Certification required by Section 906 of the Sarbanes-Oxley Act of Chief Financial Officer                                                                                                                                                                                                       |    | 90       |

|   |      | INTER PARFUMS, INC.          |
|--------|-----------|------------------------------|
|   |      |                         |
|   | By:  | /s/ Russell Greenberg        |
|   |      | Executive Vice President and |
|   |      | Chief Financial Officer      |

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