Tiffany & Co. and Coty Inc. announce new fragrance agreement

29 January 2016


Tiffany & Co. and Coty Inc. announce new fragrance agreement

Tiffany & Co. and Coty Inc. today announced entry into an agreement regarding the development, production and distribution of a new line of Tiffany fragrances for both women and men, to be sold at Tiffany & Co. stores as well as at other select luxury retailers.

Over the past 178 years, Tiffany's renowned reputation for extraordinary product design and excellence has been earned by creating objects of lasting beauty from nature's most exquisite diamonds and gemstones.

"Tiffany is among the world's most important houses of luxury, and fragrances are an important expression of the brand," said Frédéric Cumenal, chief executive officer of Tiffany & Co. "We are pleased to work with Coty, an industry leader in the prestige fragrance category, on the development of a more meaningful fragrance portfolio through this licensing agreement."

"Tiffany's luxury heritage lends itself perfectly to Coty's prestige fragrance portfolio," said Bart Becht, chairman and interim chief executive officer, Coty. "We look forward to bringing Coty's unique expertise to Tiffany by establishing a strong fragrance business for the brand."

 

 

 



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