Luxury perfume sales soar at Paris Gallery

A growing interest in designer perfumes helped Dubai-based retailer Paris Gallery experience another record year of sales in 2012, the company said.

The family-owned business said its revenue increased 43 percent in 2012 compared to 2011, which was also a record. Net profit rose 13 percent.

The company would not reveal the value of the sales but it is estimated it turns over more than US$1 billion worth of perfume, cosmetics and luxury goods.

Perfume made up more than half of the company’s sales, while watches and jewelry accounted for 27 percent, fashion 10 percent, eyewear 6 percent and accessories 5 percent.

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