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Straight up alcohol and anise.
@AromaPath is absolutely right: this has nothing to do with Le Feu d'Issey original or the light version. I don't know what the original Etra smelled like, but the version I have from two years ago is just straight up anise and alcohol. It's a rather unpleasant, unrefined sensation, like a perfume that has gone bad after sitting too long on a shelf. There's absolutely no evolution, just an unpleasant linear journey of a household cleaning product or a paint diluent.