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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 Furniture Pieces You See Everywhere (But Don’t Know Their Names)

The Furniture Pieces You See Everywhere (But Don’t Know Their Names)

There have been many unexpected and unintended consequences of the pandemic, that much we know. One we might not have been prepared for? A surge of interest in vintage and secondhand furniture. Says Anna Brockway, Chairish Co-Founder & President, “we're seeing continued interest in our 'ready-to-ship’ furnishings due to the supply chain snarl that is impacting the availability of newly made goods.” 1stDibs Editorial Director, Anthony Barzilay Freund, has observed the same phenomenon, noting, “we’ve seen an even stronger turn toward vintage pieces, in large part because they are on the dealer’s floor and ready to be taken home.”

The market can be daunting, though—especially as a beginner in the world of vintage furniture. Dealers can significantly mark up prices, and if you’re not sure what you’re looking at (or know if it’s legitimate), it’s enough to throw in the towel and run right back to a big-box store, cross your fingers, and hope the armchair (or sofa or coffee table) arrives in the quoted 6-8 weeks.

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