The international fragrance company responsible for the perfume offerings of brands including Montblanc, Jimmy Choo and Coach, expects to report revenues of 500 million euros ($554 million) in 2020, up 4.2% from 2019.
Capri Holdings faced some challenges in Q2 but the company is upbeat about the prospects for its trio of power brands as Versace gains traction, Michael Kors returns to positive comparable sales and Jimmy Choo expands.
The fragrance company announced increases in its income for the third quarter and the first nine months of 2019 on Tuesday, as sales of Montblanc “Explorer” and Guess legacy fragrances drove top-line growth.
The international fragrance group published its third-quarter sales results on Monday, revealing a 7.9% increase in net revenue as sales from its U.S.-based operations continue to experience accelerated growth.
We’re used to hearing how TV shows such as Love Island can have an immediate effect on the sales of brands. However, we're less used to hearing about the impact of shows such as Strictly Come Dancing on fashion sales.
As exclusive collaborations become more important to luxury e-tailers in a world where consumers can access product from anywhere, Net-A-Porter and Jimmy Choo have worked on an exclusive collaboration for the first time.