fragrance

The group had warned in September that sales growth would come in at the lower end of the range, citing sluggish fragrance demand over the summer.

The owners of fragrance shop Willow and wellness shop Alma Sana opened a physical shop together a year after running pop-up shops.

Mastercard has also released various sensory products exclusive to cardholders, such as custom fragrances and macaron cookies bearing its logo’s signature red and orange coloring.

The group is further strengthening its foothold in prestige fragrances, a category that has been the company’s growth engine over the past few years, they added.

The plan was for Kering to use Creed as a foundation to build out a fragrance and makeup business, but the sale effectively ends that.