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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

The LA Restaurant Helmed By Home Cooks From Around the World

The pandemic has ushered in an era that has proved to be the hardest time to own and operate a restaurant. But that hasn’t stopped Meymuna Hussein-Cattan and Christian Davis from opening one the same week Mayor Eric Garcetti issued Safer At Home orders for the city of Los Angeles in the third week of March.

At Flavors From Afar’s brick and mortar location in Little Ethiopia (located in L.A.'s Mid-Wilshire district), the menu changes every two weeks, intermittently featuring cuisines from numerous countries: Belize, Guatemala and Venezuela to Egypt, Eritrea, Somalia and Kenya. There’s more behind the menus than variety, however. Each one has a story behind it, and that is the life of a cook who has found a new beginning in the U.S.


* This article was originally published here


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