Tiffany and Coty to create a line of fragrances
Tiffany & Co. and Coty Inc. announced on Wednesday an agreement on a new line of Tiffany fragrances for men and women. The agreement is for the development, production and distribution of the new line, which will be sold at Tiffany stores and other select retailers.
“Tiffany’s luxury heritage lends itself perfectly to Coty’s prestige fragrance portfolio,” said Bart Becht, Chairman and interim Chief Executive Officer of Coty. “We look forward to bringing Coty’s unique expertise to Tiffany by establishing a strong fragrance business for the brand.”
The agreement announcement follows Coty’s recent transfer of 10 Proctor & Gamble fragrance licenses, which includes Hugo Boss, Gucci, Lacoste, Stella McCartney and Alexander McQueen among others. The company’s product offering also includes Adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, Rimmel and Sally Hansen.
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