📺 Stream EntrepreneurTV for Free 📺

The Olfactorist: Geoffrey Nejman, Co-Founder, Parfums M. Micallef Parfums M. Micallef, after nearly two decades in the fine fragrance sector, have several collections devoted to the niche luxury client seeking individual scents.

By Fida Chaaban

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Parfums M. Micallef
Geoffrey Nejman, co-founder, Parfums M. Micallef

"We offer a bespoke service called Private Label which allows clients to work with us to create a unique bottle of M. Micallef fragrance. Private Label commissions are exclusively produced by special appointment only, and we work with a Swiss goldsmith who uses 24 carat gold as well as semi-precious or precious stones. The most expensive bottle we've made has cost AED210,000, however, due to the bespoke nature of each product, the price of each will differ depending on individual specifications," explains Geoffrey Nejman.

Parfums M. Micallef, after nearly two decades in the fine fragrance sector, have several collections devoted to the niche luxury client seeking individual scents. Co-founded by Nejman and Martine Micallef, the brand started off with a "six-figure investment [...] and today, we have accumulated good reserves built by our ROI cash that we keep within the company. In our business we need to invest every year on the developments, and to always ensure that there is creativity. The market is very demanding nowadays. According to expert opinions, our company is worth an eight-digit figure today."

Parfums M. Micallef boutique in Grosvenor House, Dubai. Image credit: Parfums M. Micallef

Their Private Label clients run the gamut from individuals (including royals) to brands and even hotels, looking for a personalized, opulent creation. "For the opening of our first boutique in the UAE at the Grosvenor House [in] Dubai, we commissioned a special crystal bottle adorned with a falcon head to commemorate the occasion. Representing majesty, grace and luxury, this exquisite piece embodied both our brand values and those of the UAE. We find this to be the best way to market our bespoke service as our creations are a great talking point, piquing the interest of potential customers who then approach us to find out more."

The brand's handmade crystal collection, designed and created by Micallef as original work, is one of the company's signature offerings for a prestige client with an art-eye looking to add to a hallmark fragrance collection. "There are several routes to reach your target market. The most important thing to consider is that you have to control your luxury service until your product reaches the final consumer. The ideal strategy would be to control your own retail outlets so that you can oversee everything and ensure that you are providing a quality service and the best terms of delivery," adds Nejman. As for luxury figures of industry that he finds have paved an impressive path for better goods, Nejman mentions that he "very much admire[s] French businessman, Bernard Jean Etienne Arnault, Chairman and CEO of LVMH."

Crystal Flower by Parfums M. Micallef. Image credit: Parfums M. Micallef
Fida Chaaban

Chief Communications Officer, KBW Investments

Fida Chaaban is the Chief Communications Officer of KBW Investments, a privately held Dubai-based investment concern that works across multiple sectors. Prior to her most recent appointment, Fida was the founding Editor in Chief of Entrepreneur Middle East and Entrepreneur Qatar magazines. She is a big believer in the Middle East North Africa (MENA) region’s startup ecosystem, and endeavors to use both print and web to positively encourage development in various entrepreneurial spaces and across industries. Based in Dubai, UAE, Fida is a social media enthusiast and sees it as the medium of today’s effective enterprises.
Business Ideas

105 Service Businesses to Start Today

With this many ideas to choose from, you have no excuse not to get started today with your own service business.

Growing a Business

Rapid Business Expansion Can Be a Good Thing — But It Comes With Challenges. Here's How to Make This Growth Sustainable.

Growth and expansion are far more than a matter of top-line revenue. Let's dive into some of the things that have helped me create sustainable growth in my companies.

Social Media

A 3-Step Beginner's Guide to Social-Media Marketing

So you can create a Facebook post -- congratulations! However, that isn't social-media marketing.

Making a Change

5 Key Books Every Entrepreneur Should Read

Success leaves clues. These author-entrepreneurs and insightful analysts will school you in the essentials.

Business News

How Bill Gates Became a Leadership Legend

Gates, who is eclipsing his own enormous business success with his global philanthropy, has cultivated his leadership skills at every stage.

Finance

"We Got Funded!" Tunisia-Born Clusterlab Secures US$600,000 In A Pre-Seed Funding Round With The Aim To Advance Arabic Artificial Intelligence Tech

ClusterLab is on a mission to revolutionize how Arabic content is created and consumed by leveraging the power of artificial intelligence to ensure it is more accessible and engaging for users worldwide.