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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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The World Is Finally Over Pumpkin Spice

The World Is Finally Over Pumpkin Spice

Before kids are even getting on the bus for their first day of school, coffee and retail chains have already stocked their shelves and updated their menus with pumpkin spice everything—lattes, pretzels and potato chips, flavored hummus, scented candles, and so, so, so much more. Pumpkin spice started to peak between 2012 and 2016 and hasn’t relented. But honestly, I’m over it and apparently, so is most of the United States. Sure, pumpkin spice products are festive and immediately want to make me put away my shorts forever and only wear my coziest fisherman’s sweater for days on end. But, with the exception of some luxurious pumpkin candles, many pumpkin spice products are not good! There, I said it and I won’t take it back. But don’t get mad at me. According to Pinterest data, most people feel this way.

Searches for pumpkin recipes are decreasing while more and more users are looking for apple recipes. This is not statistics class. I failed statistics class in high school miserably and would not be a worthy teacher. But the data doesn’t lie—pumpkin spice is no longer at the top of the food pyramid, so to speak. According to the social media platform, searches for pumpkin sheet cake is down 30 percent, pumpkin pie cheesecake is down 35 percent, and more generally, “pumpkin foods” is down 42 percent.

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