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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

FuTure Proof: Color Cosmetics 

How is the color cosmetics industry future-proofing itself for the circular economy?

 A notoriously difficult product category to share, lease, reuse, repair, refurbish and recycle.

 Who are the innovators and how can the legacy brands learn from their business models?

Tune in and listen to this month’s panel

Cat Tuner Chief Creative Officer and Co-Founder at Cult LDN

Rachel Reid Founder and CEO at Subtl Beauty

Adam Triantis Co-founder at DCYPHER

To find out how to FuTure Proof: Color Cosmetics

The post FuTure Proof: Color Cosmetics  appeared first on Global Cosmetics News.

* This article was originally published here


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