2015 new perfumes

2015 incoming Fragrance launches

2015 incoming Fragrance launches

The Fragrance industry is ending up another year and before the new year starts, let’s have a focus on the ongoing business of fragrances and specially the new incoming launches for next year. The fragrance industry is looking for a new development model, 2013 – 2020 Since 2000, the fragrance industry has overall a 3% growth year by year. While in 2013 the sales reached $45 billion globally (source: euromonitor) 2014 was a year in which several trends revealed the need for a new business model. Facing a tremendous number of launches, fragrance customers saw a certain lack of creativity that made a lot of fragrances look like “me-toos” rather of being original creations. Several brands are extending existing franchises rather than creating new ones and some of these brands, lucky enough to have iconic and classic fragrances in their portfolios, decided to capitalize on it. This situation is not…