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French Perfume Makers Smell the Roses Again

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By: TOM BRANNA

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Shrugging off fears over war in Iraq, the strengthening euro and sliding consumer confidence, France’s perfumes and cosmetics industry association said that the 250 companies it represents lifted revenue 4.6% in 2002 to $14.49 billion from $13.86 billion a year earlier, according to a Dow Jones report.“Last year was a good vintage,” said Alain Grange Cabane, chairman of the Federation des Industries de la Parfumerie. “And in 2003 we’ll do better, I expect 5%-plus gr...

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