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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 percen...
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A Beginner's Guide to Shochu

A Beginner's Guide to Shochu A Beginner's Guide to Shochu A Beginner's Guide to Shochu

“The first written record of shochu was actually graffiti on a temple,” Rule of Thirds partner George Padilla told me. “In the 1400s, some builders working on a temple had scrawled, in the wood, a snide comment about the high priest being stingy with his shochu. Fittingly, this is the first record of what is, still today, considered a blue-collar beverage in Japan.”

Japan’s oldest, most traditional alcoholic beverage, shochu is a clear, distilled spirit made from fermented, well, almost anything. “I’ve actually calculated this once,” Kyushu-based osteopathic researcher by day, Kanpai blogger by night Stephen Lyman said to me. “For all the different decisions made during the process, there are literally millions of styles of shochu you can make. The scope is enormous.”

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* This article was originally published here

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