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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

What's the Actual Difference Between Vegan & Vegetarian?

As is the case with many millennials, I’ve spent most of my adult life dabbling in following a plant-based diet. It started in college for financial reasons, when I preferred to spend the majority of my grocery budget on produce (and, admittedly, wine) rather than on more expensive meat and fish. Once I learned more about how animal agriculture negatively impacts the environment, I continued to phase meat out of my diet—partially at times, entirely at others. I’m also a lifelong lactose-intolerant who has been deeply invested in the development of non-dairy cheese and ice cream since the early aughts. And I’m not the only one who’s invested.

Plant-based diets are on the rise. It seems there’s a new non-dairy "milk" on the shelves every week, and lab-grown or meatless proteins like Beyond Meat and Impossible Burgers are popping up on menus everywhere from fast-food chains to high-end restaurants. "Meatless Monday" has become as ubiquitous as "Taco Tuesday". There has never been more variety and accessibility when it comes to plant-based food; it’s exciting, but can also be daunting. In the last decade, various media have continued to uncover the environmental and ethical impact of eating animals. We know that we should be eating less meat—and many already are—but when it comes to differentiating between vegetarian, vegan, and plant-based, there can be a lot of nuance. So, let’s break it down.


* This article was originally published here


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