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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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Fragrance Creators Association amplifies collaboration with the FDA

Fragrance Creators Association amplifies collaboration with the FDA

The Director of the Food and Drug Administration's (FDA) Office of Cosmetics and Colors Linda Katz, MD, MPH, told members of the Fragrance Creators Association Board of Directors that industry partnerships are key to cosmetic safety.
“The Office of Cosmetics and Colors works to protect public health by overseeing the cosmetics program to help ensure the safety of cosmetic products being sold to consumers. We cannot accomplish this mission alone,” said Dr. Katz. “I want to extend my thanks to...

- Industry buzz / North America

* This article was originally published here
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