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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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A few quick observations on recent news

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Not fooling anyone

I haven’t had much of a chance to write lately, but there are so many things that I want to comment on. So here are a few quick thoughts:

  1. The Peter Navarro piece in USA Today about Tony Fauci was a total joke. It reminded me of what a middle school student would have written if forced to take the Con side in a debate where Pro was obviously correct. “Dr. Anthony Fauci has a good bedside manner with the public, but he has been wrong about everything I have interacted with him on.” It’s just nut. USA Today is getting serious grief for running that, as well they should. But Navarro and Trump are the ones who should really take a beating.
  2. COVID-19 is badly increasing disparities. The stock market is rising and high end homes and cars are selling fine. Private school students are being educated and getting specially designed internships. Meanwhile, lower income jobs are getting squeezed, public schools have given up, and summer jobs for teens are hard to come by.
  3. We continue to dig a deeper hole. Massachusetts and neighboring states are doing relatively well –but the South and West are in serious trouble. Eventually they will take us down with them if the fire keeps raging out of control. We can’t even agree on the lowest common denominator –wearing a mask
  4. Speaking of which, looks like Walmart and other retailers have become our new public health department. There’s no national mask policy and some states won’t impose them. So now it’s up to the retailers to step in.
  5. Looks like private companies may have to take over data collection, too as the White House bypasses the CDC for infection reporting

Ok, that’s enough for now…

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By healthcare business consultant David E. Williams, president of Health Business Group.

The post A few quick observations on recent news appeared first on Health Business Group.



* This article was originally published here

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