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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 Riotous Success of King Arthur Baking Company

It is somewhat difficult to identify the great successes of 2020 (especially given that this year thus far has proven that time is nothing but a construct). But that doesn’t mean that even in the pandemic-fueled last several months, there aren’t individual success stories. One of them, of course, is that everyone you know (or rather, everyone you follow on Instagram), has suddenly become a bonafide home baker. And chances are, it’s thanks to King Arthur Baking Company, who has managed to turn their 2020 into a success of their own.

For King Arthur Baking (whose recent name change from King Arthur Flour is meant to better reflect its commitment to all things baking), this year marks 230 years of operation. Over the last two-plus centuries, the company has become synonymous with tasty baked goods and delightful risen treats. But this year has been a uniquely successful one for the brand under the leadership of CEO Karen Colberg.


* This article was originally published here


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