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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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How Instagram's Granola King Earned His Name

How Instagram's Granola King Earned His Name

Like so many millions of people, Tom Bannister developed a new hobby during the pandemic. But Bannister didn’t opt for sourdough baking or weaving. Instead, the advertising executive started experimenting with baking homemade granola for his wife—who happens to be former beauty editor Eva Chen and his “granola muse”—and their three kids. After a few months of experimenting with his recipes and sharing the results on Instagram, he began to receive DMs from followers asking if they could buy his granola. He wasn’t anywhere close to selling—nor did he even have intentions of doing so—but he realized there was a huge demand. His social media presence grew and Bannister, who was affectionately known as the “Granola King” among his followers, eventually found a commercial kitchen in Queens that he started renting so he could test his recipes on a larger scale.

He mixed and matched dozens of different flavor combinations, with the first success story being “Ginger Zing,” which is granola made with ginger-infused Vermont maple syrup and candied ginger.

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