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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

Organic Beauty Products the Future of the Cosmetics Industry

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Organic Beauty Products the Future of the Cosmetics Industry

Author: lisasmith
oday, modern industrialized society release toxins such as chlorine, chemicals (such as pesticides and herbicides) and heavy metals (such as lead, cadmium, aluminum, mercury, and manganese) into the environment. Toxins and chemicals have become a fact of life; they can be found in food and water people eat and drink daily, as well as cosmetics. Realizing the environmental and health implications of chemicals and toxins, people have started adopting a healthier lifestyle free of chemicals and toxins. And the only way to make a toxin and chemical free lifestyle is to go organic.
Why People Prefer Organic Cosmetics?
The word organic has almost become a synonym for healthy--it has become the new buzzword. People are turning to everything that is organic. And more than any other industry, it is the cosmetics industry, which has seen exponential growth in the manufacture and use of organic products. The latest trends and figures in the cosmetic sector indicate an organic revolution and there is no doubt that organic beauty products are the future of the cosmetics industry. The two main reasons for the customers' preference for organic cosmetic products are:
  • Chemical Ingredients in Cosmetics
Several studies have shown that the cosmetics industry uses more than 5000 different ingredients in the manufacture of skin care and hair care products. Moreover, the basic ingredients in most of the cosmetic products are derived from petroleum. For instance, the fragrances used in lotions, shampoos, and other cosmetic products are actually aromatic hydrocarbons that are petroleum based. The chemicals are found to cause serious health problems in the long run.
  • Cosmetics Cause Allergic Reactions
Certain products are found to cause allergic reactions in some people. They develop rashes, inflammation, itchiness, abscess and swelling, on using certain skin care products. Such people prefer organic products to ordinary commercial cosmetic products as it is safe and harmless.
On realizing the preference for organic products by the consumers, more and more cosmetic manufacturers are manufacturing organic cosmetic products. This has forced cosmetic packaging manufacturers to come up with different packaging solutions for organic cosmetics. Unlike non-organic cosmetic products, a lot of factors need to be taken care when packaging organic cosmetic products. Hence, paper, glass, PP, PEHD, PET, is widely used by wholesale cosmetic packaging manufacturers to pack organic products.
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