Luxury fragrance has never been more crowded or more competitive. E-commerce has dismantled the distribution barriers that once kept smaller players at bay, producing an ever-longer tail of niche entrants competing for the same discerning consumer, while the conglomerates recalibrate above them. LVMH’s Perfumes & Cosmetics division posted 3% organic revenue growth in the ...
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Site title: Luxury Society | Global Luxury Industry Insights, Trends & News