The French group specializing in the creation, manufacturing, and commercialization of luxury perfumes and cosmetics, posted revenue of EUR 263.9 million as of December 31, 2025, down 7.5% at constant scope and exchange rates (and -8.7% at current exchange rates).
Bogart said the fall was due to “a still-challenging global macroeconomic environment weighing on consumer demand, particularly in Europe, as well as uncertainty in the United States (tariffs, foreign exchange), which led distributors and retailers to reduce order volumes, a trend that intensified in Q4 2025.”
2025 operations
At the end of fiscal year 2025, Bogart Fragrances & Cosmetics (12 perfume and cosmetics brands managed by the group) posted revenue of EUR 47.9 million, representing a decline of 13.1% (down 12.0% at constant scope and exchange rates).
The Bogart Group nevertheless notes the successful launch of Aholic, its first high-end fragrance brand, as well as the solid performance of the Divine Alba line at Stendhal and of the French artisanal brand Rose et Marius.
Revenue from Bogart Beauty Retail (approximately 450 selective perfumeries and drugstores) amounted to 216.0 million as of December 31, 2025, down 7.6% compared with December 31, 2024 (down 6.4% at constant scope and exchange rates).
2026 outlook
Regarding the 2026 outlook, Bogart said it is adopting a cautious approach, considering the still uncertain environment, “particularly on the geopolitical front,” and ongoing uncertainties regarding consumption trends and the euro-dollar exchange rate.
“The Group will continue its work on adapting its product offering to favour more premium and selective fragrance and cosmetics lines, which have demonstrated their appeal and resilience, and is therefore preparing numerous launches across its brand portfolio in 2026 for both its own retail network and third-party networks,” Bogart Group added.
