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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

'A Homeless Pandemic' Looms As 30 Million Are At Risk Of Eviction

An envelope labeled "Rent Money" is left tucked in a lighting pole in Los Angeles on April 1. President Trump

Federal and state eviction bans, put in place during the pandemic, have lapsed. President Trump's executive order to prevent evictions isn't enough and Congress needs to act, housing activists say.

(Image credit: Damian Dovarganes/AP)

* This article was originally published here


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