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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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What Is Prince Regent Cake, As Seen on ‘The Great British Bake Off’?

What Is Prince Regent Cake, As Seen on ‘The Great British Bake Off’?

The fun of watching The Great British Bake Off is yes the competition, yes the British humor, but mainly the chance to learn about an entirely new baked good popular across the pond. In this week’s technical challenge on the popular Netflix show, the remaining contestants were tasked with baking a Prince Regent Cake, also known as Prinzregententorte. Thin layers of white cake and chocolate ganache are stacked high for a beautiful slice of cake. But what is Prince Regent Cake anyway, and what makes it worthy of the show’s most challenging category?

According to The Great British Bake Off, Prince Regent Cake was created in the 19th century to celebrate Prince Regent Luitpold, who was the de facto ruler of Bavaria (a landlocked state within Germany) and reigned from 1886–1912. His son, Ludwig the III, was the last king of Bavaria and served until 1918. At the time, Bavaria consisted of eight administrative districts—hence the eight layers of sponge cake that are used to make the cake. It’s a serious showstopper, but is certainly no easy feat to assemble.

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