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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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What Restoring an Old Home Can Teach You About Life

What Restoring an Old Home Can Teach You About Life What Restoring an Old Home Can Teach You About Life What Restoring an Old Home Can Teach You About Life

Late last year, my husband and I bought an 1826 colonial in the Hudson Valley. As a first-time home owner, the learning curve was steep—there was plenty to be grasped about things like mortgage rates and down payments, real estate trends, and property investments. Ever the students, my partner and I threw ourselves into mastering anything we thought could come our way after owning the home, too—how to spot water damage, the best method for heating an old house, how to reinforce a rickety stairwell—the list truly went on and on.

I thought my degree in home ownership would be tangible and actionable, a suitcase packed with knowledge about how to renovate and then care for something that we gleefully sunk our savings into. Little did I realize though, that buying an old home came with a slew of less tangible—and perhaps, more important—life lessons, too.

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