Tiffany signs fragrance deal with Coty

Famed jeweller Tiffany has inked a fragrance licensing deal with Coty to develop, produce and distribute Tiffany scents for women and men reports WWD. “Tiffany is among the world’s most important houses of luxury, and fragrances are an important expression of the brand,” said Frederic Cumenal, chief executive officer of Tiffany & Co. to the paper. “We are pleased to work with Coty, an industry leader in the prestige fragrance category, on the development of a more meaningful fragrance portfolio through this licensing agreement.”  There was no timeline disclosed for the first fragrances under this new agreement.