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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

Drinking Is a Huge Part of Thanksgiving—Here's Why I'm Avoiding It

Drinking Is a Huge Part of Thanksgiving—Here's Why I'm Avoiding It

I stopped drinking in late 2018, the part of the year that leans toward Thanksgiving and the downhill cascade of holidays that follow it. I wasn’t dealing with an addiction, exactly, and therefore my experience of quitting alcohol was much easier than it is for many people: I didn’t like how alcohol made me feel anymore, and I was no longer getting any enjoyment from it to counterbalance its negative effects in my life. In short, I didn’t like drinking, so I stopped doing it. For this reason, I try to say that I stopped or quit drinking rather than that I got sober, to make a clear differentiation between the relatively straightforward process of letting go of a bad habit, and the far thornier and often lifelong struggle of a recovering alcoholic.

The truth is that I rarely miss drinking, and when I do, it’s occasion-based and never actually about the booze itself. There are certain events—almost always a celebration of some kind, whether an official holiday or just the festive exhale on a Friday afternoon at the end of a long week—that make me wish for the gesture of a drink, without the actual drink itself. Thanksgiving has been one of the times when I have had to work the hardest to re-create that gesture, underlining the holiday aspect of a holiday through other means.

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