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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

Is Delhi’s Street Food Culture Over As We Know It?

Delhi bustles on a normal day: Customers crowd into shophouses, chic cafés plate continental fusion, and five-rupee cups of chai fly out of stalls. But all of this came to a complete grinding halt when Delhi was named one of the country’s largest hotspots for COVID-19, and a nationwide lockdown was mandated from March through May. Despite the nearly 80,000 confirmed cases in June, restrictions were lifted as the lockdown proved to be unaffordable.

Even as street food vendors slowly reopen their stalls, there is the unshakable realization that gathering publicly over food is now not only no longer feasible, but also dangerous. So how must the street food industry adapt in order to survive?


* This article was originally published here


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