U.S. luxury brand Kate Spade has signed a licensing agreement with French perfume group Interparfums. Together, the businesses will create perfumes for the global market, commencing autumn/winter 2020/2021.
Last year, Kering was in divestment mode (Puma, Stella McCartney, Christopher Kane), but the luxury group said it is ready to go ahead with new acquisitions in 2019, without however identifying its targets.
Gucci, the Italian fashion label driving revenue growth at French luxury group Kering, will branch into high end jewellery with a collection in June or July, Kering boss François-Henri Pinault said on Friday.
Inter Parfums on Monday reported its updated 2019 guidance, forecasting sales to grow by 6% next year to reach $705 million, as the New York company expects to reap the benefits of new fragrance drops.