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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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Grupo Boticário acquires men’s beauty brand Dr. Jones

Grupo Boticário acquires men’s beauty brand Dr. Jones

THE WHAT? Grupo Boticário has acquired Brazilian male beauty brand Dr. Jones for an undisclosed sum.

THE DETAILS Grupo Boticário purchased 100 percent of the start-up, which specialises in male grooming products such as beard, hair, skin and bath. 

The buy-out expands Grupo Boticário further into the men’s grooming sphere, as well as continue to focus on the digitization of its sales channels.

Dr. Jones will continue to be sold via the brand’s online store, with a medium-term goal to expand the consumer base via Grupo Boticário’s other sales channels.

THE WHY? Fernando Modé, CEO of Grupo Boticário, said, “The acquisition of Dr. Jones consolidates a series of strategic transactions completed over the past few years focusing on accelerating our digitalization program and expanding our brand portfolio. With Dr. Jones, we are strengthening our presence in the male beauty segment, a booming market with strong growth potential.”

The post Grupo Boticário acquires men’s beauty brand Dr. Jones appeared first on Global Cosmetics News.



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