Givaudan CEO Christian Stammkoetter's tenure at the company is kicking off with a major move. The company has moved to deepen its dominance in fine fragrance with an agreement to acquire a majority stake in Barcelona-based fragrance house Eurofragance, a deal that highlights the growing strategic value of regional fragrance specialists in high-growth markets.
The acquisition brings a company that generated the equivalent of approximately CHF 185 million in 2025 sales into Givaudan’s orbit, strengthening the Swiss giant’s position across Europe, the Middle East, Asia, Africa and Latin America. More importantly, it reflects a broader industry shift: global fragrance leaders are increasingly seeking local market expertise, entrepreneurial speed and culturally nuanced fragrance creation capabilities alongside scale.
Maurizio Volpi, president fragrance and beauty, said, “Eurofragance is a respected player with deep roots in fine fragrances and strong relationships in high growth markets. By joining forces, we are perfectly aligned with our 2030 strategy for growth and our mission to continue shaping the future of fine fragrance creation.”
Santiago Sabatés, who will remain as shareholder and chairman of Eurofragance, commented, “We are confident that partnering with Givaudan opens a new chapter for Eurofragance. Since our incorporation in Barcelona and throughout our international growth, we have built our company on passion, creativity, innovation and agility. This strategic alliance will allow us to reach new heights and continue innovating and creating exceptional fragrances.”
For Givaudan, the transaction bolsters its fine fragrance portfolio while expanding access to regional customers and fast-growing prestige and masstige fragrance markets. Eurofragance's reputation for agility and tailored fragrance development complements Givaudan’s global resources, offering a model that blends boutique creativity with multinational reach.
The move also underscores intensifying competition among major fragrance houses as demand for premium fragrances accelerates worldwide. Rather than relying solely on organic growth, industry leaders are increasingly pursuing acquisitions that provide direct access to emerging markets, local consumer insights and entrepreneurial talent pools.
Notably, Eurofragance will continue operating as an independent brand, preserving the entrepreneurial culture that helped fuel its international expansion. That structure suggests Givaudan sees value not only in Eurofragance’s sales footprint, but also in maintaining the flexibility and customer intimacy that have become critical differentiators in today's fragrance market.
