“The growth rate of the prestige fragrance market indeed exceeds that of the high-end fragrance market. Luxury brands are doubling down on this category.”

Former European executive of the American internet giant Meta becomes the Chief Digital Officer of Coty Group; Nike veteran returns to take on the role of Chief Design Officer for the Jordan brand…

Major brands are practicing sustainability in every aspect, from booth layout and installation design to products, packaging, and recycling. Many brands have introduced patented technologies or innovations for the first time, attempting to address the chronic issues in the fashion industry.

Coty’s Chairman, Peter Harf, stated, “Paris is the historic home of beauty, and the industry still holds a special attraction for investors there.”

Chief Finance Officer Laurent Mercier said that Coty would implement new price increases in a very granular manner.