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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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Japanese financial services group Orix to acquire cosmetics mail-order company DHC 

Japanese financial services group Orix to acquire cosmetics mail-order company DHC 

THE WHAT? Japanese financial services group Orix is set to acquire Toyko-based mail-order cosmetics and health company DHC in a US$2.1 billion deal, according to Nikkei Asia. 

THE DETAILS Set to be Orix’s most expensive buy-out yet, the financial group will buy all shares from existing shareholders including DHC President and Chairman Yoshiaki Yoshida, who is preparing to step down. 

THE WHY? The acquisition falls part of Orix’s plans to acquire companies it sees as undervalued and improve their performance by creating synergies with other group businesses. 

The post Japanese financial services group Orix to acquire cosmetics mail-order company DHC  appeared first on Global Cosmetics News.



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