Well this smells like a great deal.
Kering described the deal as a major step for the company, calling Creed a perfect fit with its existing portfolio of luxury brands. The company plans on maintaining Creed’s high-end reputation and heritage while unlocking its potential in markets such as China. It specifically named Creed’s global distribution network as an avenue for future development of other future Kering Beauté fragrance franchises.
The deal also makes sense when considering that the fragrance segment of the high-end luxury market is“The acquisition of Creed represents Kering Beauté’s first strategic initiative, and demonstrates our commitment to developing a strong position in the luxury beauty segment,” Kering’s chairman and CEO François-Henri Pinault said in the statement.
reported. Founded in 1760, the company is known for its best-selling Aventus fragrance and has amassed a network of about 1,400 points of sale, including 36 branded stores. It has become the second-largest brand in the high-end fragrance market in terms of sales behind Jo Malone, a British brand owned by Estée Lauder.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Multiple electric trucks burnt at Nikola Motor Company’s Phoenix headquarters in what company claimsAfter multiple of its electric battery-powered trucks caught fire Friday morning at their Phoenix headquarters, the Nikola Motor Company implied foul play was at hand in the blaze.
Read more »
Q&A: Olympian Shannon Miller on gymnastics journey, cancer battle, being a sports parentOlympic gold medalist Shannon Miller discussed her gymnastics journey, her battle with cancer and what it's like for her now being a sports parent.
Read more »
Best kids books about poop 2023 - Today's ParentThese books are the sh*t! Our top kids books about poop for every age, stage and style. And hey, farts are included too.
Read more »
Can Pregnant Women Eat Pepperoni? - Today's ParentHere's everything we know about eating pepperoni during pregnancy and our favorite little meat circles of joy.
Read more »
UBS downgrades Google-parent Alphabet, cites stiffer competition and generative A.I. headwindsThe bank downgraded the tech giant to neutral from buy, albeit with a higher $132 per share price target compared to the previous $123 forecast.
Read more »
My boyfriend made an AI clone of me — so other men can enjoy my companyThe clone is artificial, but the connection is real.
Read more »