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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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There’s a Cashew Recall—Here’s What You Should Know

There’s a Cashew Recall—Here’s What You Should Know

If you’ve recently bought cashews from the grocery store listen up, because according to the FDA, a recall has been issued on the nut after a potential glass contamination in certain products.

The recall is being issued by SunTree Snack Foods LLC based out of Phoenix, Arizona and affects brands such as Happy Belly, Prince & Spring, Harris Teeter, and HEB. It’s being put into effect after a customer warned the brand that a piece of glass contaminant was found in one of their purchased products. No injuries have been reported.

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