Mastercard to Preview New Fragrances at Fashion Group International’s Night of Stars Celebration

Rhea-AI Summary

Mastercard unveils two premium fragrances, Priceless passion and Priceless optimism, enhancing its multisensory branding strategy. The launch will be showcased at Fashion Group International's Night of Stars in New York. The fragrances, inspired by Mastercard's brand colors, feature exclusive ingredients like Rose Centifolia from Grasse and Vetiver from Haiti. Designed to evoke emotional connections, these scents embody Mastercard's commitment to inclusivity and sustainability, featuring ingredients sourced from the NaturalsTogether™ program, benefiting small farmers globally.

Positive

• Introduction of two premium fragrances enhances Mastercard's multisensory branding strategy.
• Fragrances represent inclusivity and sustainability, supporting small farmers through innovative sourcing.
• The launch event at a prestigious fashion gathering elevates brand visibility and engagement.

Negative

• None.

Launch marks the latest evolution in Mastercard’s multisensory brand strategy

NEW YORK--(BUSINESS WIRE)-- Today Mastercard introduces two world-class fragrances under the brand Priceless™ and will preview them at Fashion Group International’s Night of Stars celebration at Cirpriani South Street in New York. This latest iteration of the company’s transformative, multisensory branding approach combines these dual fragrances into one unique collection. Both elegant fragrances in red and yellow, Mastercard’s iconic brand colors, express passion and optimism - embodying some of the most exquisite ingredients in the world of perfumery.

(Photo: Business Wire)

• Combining two of the most exquisite extractions of Rose known in the world of perfumery – Rose Centifolia Pays cultivated in Grasse and Rose Absolute from Morocco – Priceless passion illuminates each facet of the storied flower, sweet and honey-like and deeply rich, spicy, and green. Their essence is amplified with an ultra-luxurious assembly of warm woods and red berries completing the fragrance’s signature fiery spirit and passionate allure.

• A high-quality, clean woody, vetiver fragrance designed to convey optimism, Priceless optimism is built around Vetiver Haiti from the Firmenich NaturalsTogether™ program. An elixir of citrus creates immediate optimism with Sicilian Orange, Grapefruit, Mandarin, and Rhubarb. Together they lift the spirits and create an extraverted energy.

“Science has shown that fragrance has the ability to evoke powerful emotional connections and with Priceless, we hope to provide an uplifting, immersive and unforgettable experience to consumers,” said Raja Rajamannar, Mastercard chief marketing and communications officer and president of Healthcare, who is receiving FGI’s Tech and Brand Innovation award at the Night of Stars event. “The Night of Stars celebration features some of the most talented innovators in the fashion and beauty industries, making it the perfect place to introduce the newest signature of our multi-sensory brand.”

The fragrances will be available early next year.

Fragrance advances Mastercard’s focus on multisensory branding

In a world where the extraordinary volume of advertising clutter, combined with the shrinking attention span of consumers, has created a perfect storm for brands, forcing them to find new and innovative ways to capture people’s attention and engage them. Mastercard has pioneered the emphasis on multisensory marketing to authentically engage consumers through multiple doors of perception – cultivating stronger connections with them and distinguishing the brand. The fragrances follow Mastercard’s introduction as a symbol-only brand mark (sight) and sonic brand (sound). The company has also added taste to its brand positioning with two original macaron flavors with Ladurée and the launch of its restaurants (taste).

Priceless fragrance embodies Mastercard’s inclusivity and sustainability mission

Crafted by two world-renowned female perfumers—Dora Baghriche and Marie Salamagne of Firmenich—the fragrances evoke the spirit of passion and optimism. With the ability to layer them, they also express individual identity, representing Mastercard’s commitment to inclusivity.

The fragrances also showcase Mastercard’s continued emphasis on sustainability. A handful of the ingredients are derived from Firmenich’s NaturalsTogether™ program, which sources from some of the most precious, innovative, and sustainable natural ingredients, supplied by 22 producers across 25 countries, contributing to the livelihoods of thousands of small farmers families.

“Firmenich is thrilled to be a part of this novel sensorial approach to capturing and maintaining consumer attention, says Théo E. Spilka, Global Vice President, Strategic Licensing & Business Development. “We at Firmenich are passionate about creating positive emotions and improving wellbeing, while preserving the planet! What our two talented perfumers Dora Baghriche and Marie Salamagne have achieved in creating two scents that are comparable with one another is remarkable; as this is symbolically in parallel to our company values on diversity and inclusion.”

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
www.mastercard.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20211013006175/en/

Macy Salama

macy.salama@mastercard.com

Source: Mastercard Incorporated

FAQ

What new products has Mastercard introduced in 2023?

Mastercard introduced two fragrances, Priceless passion and Priceless optimism, as part of its branding strategy.

Where will Mastercard showcase its new fragrances?

Mastercard will preview its new fragrances at Fashion Group International's Night of Stars in New York.

What is unique about Mastercard's new fragrances?

The fragrances combine luxury elements and are crafted to evoke emotional connections while promoting inclusivity and sustainability.

When will Mastercard's fragrances be available for purchase?

The fragrances are set to be available early next year.

How do Mastercard's fragrances contribute to sustainability?

They incorporate ingredients from Firmenich's NaturalsTogether™ program, supporting small farmers and promoting sustainable sourcing.