Coty Inc. sees opportunities to grow its business in the $24bn prestige female fragrance market and strengthen its play in the ‘ultra-premium’ segment. The firm’s prestige fragrance sales rose 20% like-for-like in the fiscal 2023 fourth quarter ended 30 June, fueling overall net sales growth of 10% for the period.
Already a leader in prestige fragrance globally, Coty, Inc. continues to pursue “immense” growth opportunities, including prestige fragrances for women and ultra-premium scents.
“We still have ample white space opportunities in this category, even within our stronghold geographies,” CEO Sue Nabi said in...