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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 Chameleonic History of Malted Milk Powder

The Chameleonic History of Malted Milk Powder

The typical person is said to change careers between three and seven times in their life. The reinvention of the individual is commonplace, but this kind of rebranding often happens in the world of ingredients, too. Consider malted milk powder, for one.

Malted milk powder’s story begins in the mid 1800s. British food manufacturers and brother duo James and William Horlick created malted milk powder as a nutritional supplement marketed for “infants and invalids.” The broader process of malting refers to the germination of grains through soaking them in water, followed by dehydrating with hot air to halt further sprouting. Such grains can be used in alcohol production, as with whiskey, but by grinding a barley-wheat blend then combining it with evaporated whole milk, the Horlicks concocted a more virtuous elixir.

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