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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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Sweden Records Largest GDP Drop Since 1980, But Outperforms Many Other EU Countries

People walk in Stockholm on July 27, most without the face masks that have become common on the streets of many other countries as a method of fighting the spread of the coronavirus.

The coronavirus pandemic has taken a toll on Sweden's economy. Despite the country's relaxed response to the virus, its gross domestic product recorded the largest quarterly drop in modern history.

(Image credit: Jonathan Nackstrand/AFP via Getty Images)



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