Penhaligon's & L'Artisan Perfumeur: Niche Fragrance Brands Bought by Puig

I have tired of saying it: we're experiencing the end of niche. Niche was a marketing tool to grow companies and then sell them to the highest bidder. The sale of Editions de Frederic Malle and Le Labo last autumn to the Lauder Group is followed by the sale of British traditional house Penhaligon's (established in 1870 as they boast) and of French artsie proto-niche (well, at least when it was