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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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Why Toasting Is Extra Meaningful This Year

Why Toasting Is Extra Meaningful This Year

Growing up, I could never figure out how to speak any language besides English fluently. I had a rabbi stand with me to read my Torah portion during my bar mitzvah, and I learned only the barest minimum of French, to check off that high school requirement. The reason for my struggle, I’ve always believed, is that the adults in my life spoke multiple languages. There was Yiddish, French, Polish, Russian, and Spanish. It seemed as if the adults who spoke more than one or two languages knew when to change things up in order to throw off the children from knowing what they were saying, and now, here I am: an adult who has a hard time learning another language.

But I’ve always retained a good memory of how to say “cheers” in various languages. When I’m traveling to a country where another language is spoken, it’s the first thing I learn. Whether it’s Japanese, Farsi, or German, no matter where you come from or how you say it, I love your toast. Toasting, to me, is one of the most beautiful moments you can have with a group of people. Raising a glass is something that we can all do together. And now that we can actually do that again, toasting is more important than ever.

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