Sophia Loren Oleg Cassini Joan Collins D OLLA RS IL lT T T hat's in a name? That which we call a rose by any other name would smell as sweet," said Romeo to Juliet in William Shakespeare's famous 17th century play. Today the question of the importance of a name is still unanswered. Many fragrances have adopted in- stant celebrity status by using a well- known figure to tout a scent. It often seems as if almost everyone in Holly- wood has a perfume line. Elizabeth Taylor, Jaclyn Smith, Oleg Cassini, Joan Collins, Billy Dee Williams, Cher, Mikhail Baryshnikov and Priscilla Presley are only a few examples of celebrities with their names on perfumes. These mega-stars have entered in- to a mega-buck market. According to Andrew Shore, first vice president of cosmetics and household products at Prudential Bache, the total cosmetic fragrance industry has $2.15 billion in ■ BY CARLA JEAN SCHWARTZ sales annually, and it can cost up to $20 million to develop and launch a new perfume. Shore points out that celebrities must really be involved in the mar- keting of the product. "You need more than a name, you need a com- mitment and personal appearance," says Shore. Shore cites the perfume, "Uninhibited: by Cher, which isn't do- ing well since Cher cancelled promo- tional engagements. Women's Wear Daily reports that Elizabeth Taylor's "Passion," an Elizabeth Arden product, is doing well with estimates of more than $40 million in sales in its second year. Pas- sion debuted in 1987, followed by a bath collection, perfume for men and "Passionate Essentials," a cosmetic bag filled with Taylor's Passion pro- ducts. Taylor is totally committed to the project and is working on new cosmetic ventures. Actor Billy Dee Williams endorses the Avon product, "Undeniable." Undeniable is the company's first celebrity-endorsed fragrance in its 103 years in business. According to Avon, Billy Dee William's popularity spans a diverse cross section of American women. Jaclyn Smith's "California" was launched in 1989 by Max Factor. The fragrance won the best women's fra- grance introduction in mass distri- bution at the 18th Annual Fragrance Foundation Recognition Awards. As with many celebrity fragrances, California was launched exclusively at one store (in this case, Blooming- dale's) and made available nationwide S CE N T S