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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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How to Cope With the Garden Gnome Shortage

Ketchup packets. Tapioca pearls. Garden gnomes. What do all three of these have in common? They are just the latest products experiencing shortages due to pandemic-related supply chain disruptions. You probably heard about the container vessel that got stuck in the Suez Canal last month, right? While we were all laughing at memes and wondering how, in the year 2021, a big boat could get stuck and there was absolutely nothing modern technology could do about it, the global supply chain was getting absolutely wrecked. And the ramifications of the Suez Canal blockage have landed where we least expected them: our gardens.

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Love them or hate them, garden gnomes are a staple of quirky (creepy?) yards everywhere, as ubiquitous as the hot pink plastic flamingo. Since the coronavirus pandemic started, gardening centers have experienced record sales, and recent reports show they’re not slowing down anytime soon. Between the Suez Canal blockage and unprecedented demands, garden centers in the U.K. have a severe shortage of, yes, garden gnomes. My theory? Cottagecore, the growing aesthetic trend in design and on social media, is to blame. Cottagecore gestures at English countryside houses and charming gardens, and what’s more quaint than a collection of stately garden gnomes?

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