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In 2011, students at the Samuel Curtis Johnson Graduate School of Management at Cornell University, in conjunction with Marcum LLP, a public accounting and advisory services firm, conducted a survey of the fragrance industry in the United States. The following is the third and final part in a series of articles published in Perfumer & Flavorist magazine in which data, analyses and conclusions are shared. The Cornell student authors conducted this survey independently; subsequent analysis is the product of their collaboration with Kevin McGann, a partner at Marcum LLP and its fragrance industry practice leader.
The three-part series resulting from this research has examined collected data by size of company (based on revenue) and respondents’ rates of growth over five years, and will now offer the authors’ conclusions based on answers to three industry-specific questions:
This is only an excerpt of the full article that appeared in P&F Magazine, but you can purchase the full-text version.