Coty at the top of the range to the coast
The manufacturer Coty perfumes, fragrances that provides for sports brands like Adidas and who sells under the names of show business personalities, said Wednesday that its growth was primarily driven by the high-end.
It could exceed 10% during the next year.
The group is on track to meet its target of sales of four billion dollars (2.83 billion euros) for the fiscal year in progress, ended June, said its chief executive Bernd Breetz to the summit of luxury and fashion hosted by Reuters of 23 or May 25
Coty perfumes whose high-end are sold from $ 100 a bottle, its main competitor Givaudan Swiss or the French L'Oreal.
The group, unlisted, also produces makeup and skincare, but carries over 60% of its turnover through perfumes.
It also offers consumer products distributed by Wal-Mart or Target, who also met with some success.
Its activities also improved over the entire range of products in emerging markets such as China, where Coty develops.
"Overall, everything works. It works in all countries and all categories of products," said Bernd Beetz.
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