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Interparfums FY 2022: record earnings as operating profit soars 33 percent

THE WHAT? Interparfums has reported its results for the 2022 fiscal year. The fragrance giant recorded record earnings for the full year with net income up 40 percent on 2021’s figures and sales rising 26 percent to €706.6 million. THE DETAILS The company noted that it had extended its partnership with Montblanc until December 31, 2030 and, subject to the General Meeting’s ratification, hit its goal of achieving gender parity on its board. THE WHY? Philippe Benacin, Chairman and CEO, commented, “Against the backdrop of a turbulent economic and geopolitical environment, our sales and earnings continued to grow in 2022. In 2023, although many uncertainties still exist, this positive momentum should continue with sales expected to reach €750 million, driven by the continuing appeal of our brands for consumers in a global perfume market that remains buoyant.” The post Interparfums FY 2022: record earnings as operating profit soars 33 percent appeared first on Global Cosme
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Guess who’s back? Sephora to relaunch in UK as online store

Guess who’s back? Sephora to relaunch in UK as online store

THE WHAT? Sephora is set to re-launch onto the UK market, according to a report published by Vogue Business. The LVMH-owned retailer will make its re-entry as an online store in this latest iteration.

THE DETAILS Having purchased e-commerce site Feelunique in 2021, the perfumery chain has announced that the website will be renamed Sephora.co.uk as of next week. The popular beauty retailer will make its debut with a series of brands, including its own label, that have been previously unavailable in the UK.

THE WHY? Having withdrawn from the UK market in 2005, Sephora has been the subject of numerous come-back claims ever since. With 1.3 million active customers, Feelunique’s site should give the LVMH-owned selective retailer the heft it needs to compete against the likes of Space NK and Boots.  

The post Guess who’s back? Sephora to relaunch in UK as online store appeared first on Global Cosmetics News.



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