Reuters looked to #1 global leader in fragrance manufacturing Givaudan for clues about the state of the fragrance economy and the report is good, especially in provenance from emerging markets.
Luxury group LVMH (Louis Vuitton Moët Hennnessy) and luxury brand Hermès announced similar figures of growth within the last two weeks: +12% and +25% (fragrances and cosmetics) respectively in the first half of the year...
"Fragrance and flavour maker Givaudan (GIVN.VX) struck an upbeat note for 2010 as retailers restocked perfumes and strong demand in emerging markets helped its first-half sales and net profit beat expectations.
The industry leader for flavours to improve the taste of food and fragrances for designer perfumes said on Thursday it expected sales to rise more than 5 percent in local currencies in 2010, thus outgrowing the underlying market."
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