They do that in the book industry: they take a classic, re edit it as a hardbound edition and include illustrations and sell it at a hefty price. There is a reason for it, they do not have to look for new authors and spend money in their release. Re edition is a far less expensive option.
Now, why cosmetic companies don't do it? My hypothesis is that they are being pressed by multinational companies with expensive R+D programs, thus in need to amortize expenditures. On the other hand, this might be so because the fragrance industry is part of the "fashion complex" , and in these terms, novelty is an added value and tradition something frowned upon, and this includes notes associated with fragrance styles favoured in the past.
I do share your opinion, but I have to admit we might as well be an exception rather than the rule. What really gets my mind, is why companies don't consider customers favoring traditional scents as a maket segment worth taking care of. Logic tells me that we must be a very small segment, but I have the feeling this is not so.