Quote:
Originally Posted by EndlesslySurprised 
"I have never pursued wealth for its own sake. Creed fragrances are cheap, frankly." (The average retail price for a bottle is £145.) "If I aimed for the same profit margins as some of the famous fragrance houses, who pay a tenth of what we do for raw materials, we would have to charge 10 times the price they do. But we aren't 10 times as expensive as them, or anything like it."
Mr. Creed advances the idea that his fragrances are, "frankly," cheap. He's undercharging us, possibly out of the goodness of his heart.
Would somebody more professional than us, simple perfume lovers, offer an articulate/detailed commentary on that bold assertion?

"I have never pursued wealth for its own sake. Creed fragrances are cheap, frankly." (The average retail price for a bottle is £145.) "If I aimed for the same profit margins as some of the famous fragrance houses, who pay a tenth of what we do for raw materials, we would have to charge 10 times the price they do. But we aren't 10 times as expensive as them, or anything like it."
Mr. Creed advances the idea that his fragrances are, "frankly," cheap. He's undercharging us, possibly out of the goodness of his heart.
Would somebody more professional than us, simple perfume lovers, offer an articulate/detailed commentary on that bold assertion?
Broadly speaking this interview is a huge hot fresh steaming pile of BS. Welk actually not so fresh. All the typical Creed PR talking points, naturals, skewed history, celeb name dropping, OC as master perfumer. How he keeps a straight face amazes me.
It is true however that profit margins for mass market frags are much greater than for quality niche. Economics of scale and in some cases a greater investment in fragrance construction and materials. Though Creeds since GIT have hardly been more natural than anything else in that price bracket. That interviewer must have had a pretty brown proboscis when he was done...
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