It is hard to imagine a more venerable luxury brand than Cartier, which has a reputation for artisanal excellence second to none. Yet, the majority of its audience is that lodestone of modern marketing, millennials.
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.
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.
The company set up from scratch in 2014 by luxury group Kering, the industry’s first to internalise its eyewear business, is about to top the €500 million revenue mark, and says it isn’t interested in Safilo.
The French fragrance design and distribution specialist has reported an 8% net income increase in H1 2019, reaching €27.2 million, underlining the strong performance by the newly launched Montblanc Explorer line.