The global fragrance market is expected to reach over $51 Billion by 2022, and the men's category actually is growing faster than the women's in the US prestige market.
So it seemed like a good time to meet up with Emmanuel and Thomas Saujet, Co-Founder CEO and President, respectively, of International Cosmetics & Perfumes (ICP), at the Creed Boutique in Midtown Manhattan, as they launched their new men's luxury fragrance, "Viking" for men.
And hwile many others are in the fragrance business --- like Coty Inc. (COTY) Estee Lauder Companies, Inc. (EL) Inter Parfums, Inc. (IPAR) and Revlon, Inc. (REV) the brothers have focused on the high-end market.
A typical typical 3.4 ounce bottle of Creed will run you $500. But bigger bottles can go as high as $1,000.
Viking falls under the The House of Creed, which is one of the three labels that make up ICP.
Listen in to find out more.
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