The French American beauty company Coty saw its sales up 13% on a like-for-like basis (LFL) for the second quarter of its fiscal year, and up by 14% LFL for the first half.
With 10-12% increases in core like-for-like sales growth for the first half of FY24, beauty giant Coty is celebrating the success of its prestige fragrances in key markets and is raising its outlook for the full financial year.
Monday, Coty announced that it’s completed the acquisition of global long-term license rights to Burberry beauty. The two ventures will now collaborate on the luxury brand’s future in the cosmetics, fragrance, and personal care...
International fragrance player Inter Parfums has reported a significant drop in its sales, although this was expected as it is the first quarter that Burberry sales were not included in the results, and sales of other fragrances show strong growth.
Fragrance player Inter Parfums has posted a big hike in its first quarter sales on the back of a particularly strong performance in the European market, as the door is finally closed on the Burberry licensing agreement.
Inter Parfums has reported that in its first quarter ending March
31, net earnings dropped nearly 8 per cent following increased
expenditures relating to both royalties and marketing, reports
Simon Pitman.
Burberry, the UK fashion house, announced last week a 14 per cent
rise in underlying first-half sales, bolstered by strong retail
expansion and the launch of its Burberry Brit men's fragrance.
