www.bwconfidential.com The inside view on the international beauty industry March 3-30, 2016 #127 CONFIDENTIAL CONFIDENTIAL CONFIDENTIAL Comment Inside The buzz 2 Nurturing the niche News roundup he niche fragrance market is still hot. Last week, Netwatch 5 TEstée Lauder Companies (ELC) announced that it had acquired French fragrance house By Kilian. The move Social media monitor comes after the US-based group’s purchase of Editions de Parfums Frédéric Malle and Le Labo at the end Interview 6 of 2014, and is intended to reinforce its ultra-luxury RR Perfumes e Cosméticos ceo fragrance portfolio. Francisco Brizuela The continued interest in niche fragrance is hardly surprising. The category is seeing growth of around 20% Insight 8 a year, according to some sources, compared with an Argentina average of 4% for the mainstream prestige fragrance market. And while niche still represents only a small part of the overall market, some industry observers Store visit 12 predict that the category could account for 20 to 25% of the prestige perfume Guerlain, Paris market in the near future. ELC is of course not the only company to have shown interest in niche fragrances. Last year, Spanish group Puig acquired L’Artisan Parfumeur and Penhaligon’s. Given the niche category’s growth rates and consumer demand for more original, individual fragrances, more niche acquisitions are likely to be just around the corner. Oonagh Phillips Editor in Chief Meet the BW Confidential
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