Coty CEO Sue Nabi told Yahoo that Gen Z are using fragrances on their clothes and outfits, in addition to their skin. “They spray much more, and it’s shortening the life span of the usage of the product,” she said. “That’s what explains this boom, both in volume and in value behind this market.” Coty, which raised its annual sales outlook last week, is launching more fragrances to meet demand. In April, it announced what it calls “the first globally distributed fragrance manufactured using alcohol from 100% recycled carbon emissions.”
—Read more in ‘A category our consumers are asking for’: Why more brands are getting into fragrances at ModernRetail.
