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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 Best White Wine to Drink Right Now

The Best White Wine to Drink Right Now

As we move into fall, it’s hard to say goodbye to the crisp, light-bodied whites in condensation-frosted glasses, or the sharp and grassy New Zealand Sauvignon Blancs, or the Sancerres with their notes of citrus and minerality, a perfect match for seafood. For such moments, there’s Bordeaux Blanc, or White Bordeaux, a wine-insider’s secret that bridges the seasons, because it’s most often a blend of Sauvignon Blanc (crispness, summer) and a grape called SĂ©millon, which has more richness and mouthfeel (coziness, fall).

Bordeaux, to most anyone, including wine people, is red, a high-end blend that can include Cabernet Sauvignon, Cabernet Franc, and Merlot, and it tends to come at collector’s prices. Bordeaux Blanc, made from Sauvignon Blanc, SĂ©millon, and sometimes Muscadelle, is lesser-known because it makes up only 7 to 8 percent of the region’s output. However, savvy buyers, including many restaurant professionals, choose Bourdeaux Blanc because it’s usually available at a lower price than the reds from Bordeaux, allowing for a taste of a storied region at a good value. It’s also on the forward edge of a trend: Blends are the second-biggest category in red wine sales at the moment—a juggernaut that some would say has been inspired by the skill of the Bordelais in blending their reds—and industry professionals expect white blends to be next. White blends from the master blenders in Bordeaux, then, are ahead of the curve, and are newly sought-after.

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