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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 percen...

Codif marks a new milestone in the history of photo-bioreactor algal culture

Codif marks a new milestone in the history of
photo-bioreactor algal culture

Everything started in 2006 when we decided to take on a student to write a thesis on “Developing a cellular culture of Jania Rubens”. This macroalgae has incredible properties, but it is slow-growing and there is a significant risk of overexploiting it. How can we grow the algae without having a negative impact on nature?” After many trials, Codif launches the first photo-bioreactor culture of calcified macro-algae.
This year, after 10 years of industrial cultivation, Codif has reached 1...

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