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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

Jarred Matbucha Is the Ultimate Pantry Staple

Jarred Matbucha Is the Ultimate Pantry Staple

There can never be too many condiments. Tomatoes are the vehicle that often drives these concoctions—salsa, harissa, and ketchup, to name a few—to stardom. Another tomato-based sauce, matbucha, is starting to gain more mainstream popularity as it’s increasingly sold premade. Of course, the zesty Moroccan mix of tomatoes, red peppers, olive oil, garlic, and spices has a long history in households and restaurant kitchens, but this relative newcomer to the manufactured condiment game certainly is worth paying attention to.

Matbucha likely originated in the cuisines of the Maghreb region in North Africa, which includes countries like Egypt and Tunisia, but it’s most strongly associated with Moroccan cuisine. Matbucha means “cooked” in Arabic, and it is made by slowly cooking down fragrant roasted garlic, juicy tomatoes, oil, and sweet and/or hot peppers with a selection of North African spices that change from cook to cook—cumin, paprika, and turmeric are all likely to make an appearance. Its flavor is a balanced union of acidity, heat, saltiness, and sweetness. In Israel, where many Moroccan Jews have roots, matbucha is a common picnic and breakfast accompaniment to cooked meals, sandwiches, and barbecue, beloved by myriad ethnicities within the country. It’s also a frequent member of the salatim, or salads, in a meze spread you’d find at a Mediterranean restaurant. Its popularity in Israel is perhaps best showcased by the fact that it’s manufactured by a number of local brands and sold at grocery stores. In the U.S., it’s been primarily a home-cooked indulgence—until now.


* This article was originally published here


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