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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 Only Summer Wines You Need, According to a Wine Pro

The Only Summer Wines You Need, According to a Wine Pro

These days, we’re certainly spending a bit more time in the house or hanging out with friends at their homes. As we know all too well, 2020 gave us a taste of a slower life, as we spent more time inside than we ever could’ve imagined was possible. Boredom set in. We all felt a little like Bill Murray in Groundhog Day.

Fortunately, our resilience came out to play—and when 2020 gave us lemons, we made lemonade. We purchased all the home essentials, decked out our outdoor spaces, and perfected recipes that we’re still proud to share with friends. In short, we all mastered the art of entertaining. And kudos to us for keeping the party going!

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