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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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The Sweet Sikh Ritual of Karah Prasad

The Sweet Sikh Ritual of Karah Prasad

When you’re five years old, your priorities in life are simple: 1) wreak havoc, and 2) eat sugar. While my parents were generally wary of my consuming obscene amounts of sugar, they conveniently turned a blind eye when it came to the holy karah prasad—a staple dish for Sikhs in places of worship and made at home as well. In my childhood, it was an enabler of sugar-induced frenzies. In this regard, our family’s monthly trips to the gurdwara to offer prayers were a combination of dread (two young children high on sugar, what could go wrong?) and delight.

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The gurdwara (literally meaning “God’s gates”) is characterized by its wide, open halls; the Paathi, whose sole duty is to read from the scripture Guru Granth Sahib; and the sweet offering of the karah prasad made at the end of the ardas, or the prayer service. As a child, this dish was my only incentive to put on a kurta-pajama, cover my head with a scarf, and wear the garb (both literally and figuratively) of understanding religion for an hour. While my parents devoted their time and energy to the service, I daydreamed about the forthcoming sweetmeat, a symphony of tabla and harmonium scoring my reverie.

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