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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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Um, Why Are People Releasing Ladybugs Inside Their Homes?

Um, Why Are People Releasing Ladybugs Inside Their Homes?

The other night, while scrolling through social media, I came across a video of someone releasing a jar full of 1,500 ladybugs into their home. My initial reaction was something along the lines of, “Oh my gosh, why would you do that?!” Growing up, hundreds of ladybugs moved into our house every winter, swarming the windows and forming little clusters in the corners of every room. In response, my family spent a lot of time trying to get them out of the house. To watch someone release them indoors on purpose? It just seemed wrong!

Digging a little further, I found a number of houseplant enthusiasts who swear by the practice, regularly setting hundreds—sometimes thousands—of ladybugs free in their homes in the name of… pest control. Obviously, I had a lot of questions: What, exactly, do they control? Do you really need that many of them? And, most importantly, does it actually work?! I reached out to a few bug and gardening experts for answers—here’s what they had to say.

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