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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

Why Madeleines Are Making a Comeback in Paris

Why Madeleines Are Making a Comeback in Paris

With its fluted shell shape and rich, buttery flavor, the madeleine is the prototypical French gâteau de voyage, or “traveling cake.” Compared to flaky croissants or delicate entremets that can barely survive the trip from the pastry shop to the kitchen table, madeleines are a relatively sturdy and unassuming confection whose simple appearance belies their deliciousness. A well-made madeleine is light and airy, with a distinctive buttery aroma. Glazed, filled, or plain, the madeleine is a standard of the childhood “quatre-heures”—four o’clock snack. But for a long time, until recently, the madeleine was perceptibly absent from French bakery shelves.

When French newspaper Le Figaro first noted this dearth back in 2014, it posited a link to the omnipresence of another similar cake, the financier, invented in Paris’ Bourse district as a treat for stockbrokers who feared smudging their important documents with chocolate or cream. The newspaper also highlighted the then-newfound popularity of English-style baked goods like scones and muffins that, Le Figaro quipped, “surfed on the fashion of teatime” and eclipsed this more native treat. But despite a decline in fashionability, the madeleine’s history is long and illustrious.


* This article was originally published here


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