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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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Goodbye Single-Use Plastic, Hello Eco-Friendly Packaging

Goodbye Single-Use Plastic, Hello Eco-Friendly Packaging

You might be wondering what kinds of eco-friendly packaging materials there are out there—whether you’re shipping gifts, own a small business, or just brushing up on how your favorite brands are doing in the carbon footprint game—we’re here to help.

As you may know, “eco-friendly” is not a scientific term, but merely a catch-all for brands, products, and practices that are generally more sustainable in nature than their traditional counterparts. For example, reusing glass storage containers is more “eco-friendly” than single-use plastic baggies, but glass requires energy to manufacture, and is difficult to recycle. This is to say: these products have manifold pros and cons, and by no means is this an exhaustive list of eco-friendly packaging products, just some of our go-tos.

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