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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

Salon Give Back Grant Winners Have Been Selected!

Beauty salons occupy sacred space in the lives of Black women. Our stylists not only make us look good, they also make us feel good! We go to the salon to keep our hair on point, but also for good vibes, advice, support, and sisterhood. Our stylists aren’t just stylists, they’re family, and COVID-19 has hit them particularly hard. With “Safer at Home” practices, salons all over the country were forced to close their doors and independent stylists were unable to make a living.

To address this critical need, Gold Series from Pantene and Royal Oils by Head & Shoulders partnered with Grammy award winning singer Monica and Reflect Beauty to launch the Salon Give Back Program, awarding 20 grant recipients with $10,000 each, for a total of $200,000 to support the community. Please join us in celebrating our 20 winners!

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