Buoyed by the Mondogenius project's record results and the recent entry on the perfume market, Moncler has announced it will move into 38,000 m2 new Milanese headquarters not far from those of Prada and LVMH.
G-III, the parent company of the Donna Karan and DKNY brands, has announced that it has entered into a long-term licensing agreement with international perfume group Interparfums concerning the two labels’ fragrances.
The French label bought in 2018 by Chinese group Icicle is relaunching in Europe. It recently upgraded its website and dropped a new perfume, and has now revamped its long-established Champs-Elysées flagship in Paris.
Salvatore Ferragamo is in negotiations with fragrance group Interparfums, which produces perfumes for brands including Coach and Jimmy Choo, about a licensing deal for the development of its own fragrances.
The international fragrance company achieved net income of $27.7 million in the first quarter ended March 31, 2020, up 175% from $10.1 million in the prior-year period, and 47% from $18.9 million in Q1 2019.