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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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Kao announces leadership reshuffle

Kao announces leadership reshuffle

THE WHAT? Kao has announced a series of changes to its leadership, effective January 1, 2023. The Japanese FMCG manufacturer is promoting Masakazu Negoro to Senior Managing Executive Officer, responsible for management finance and Toru Nishiguchi to Senior Managing Executive Officer, Vice President Consumer Products Global.

THE DETAILS Hideki Mamiya is also stepping up to Senior Executive Officer, Senior Vice President Human Capital Strategy, Global. Meanwhile, newly elected executive officers include Yosuke Maezawa, who will take on the role of President, Cosmetics Business, Yoshio Nakao, Naoshi Nakamoto, Mark Johnson, who has been named President of Americas and EMEA of Cosmetics Business and Akiko Hasegawa.

Yasushi Wada, Hideichi Nitta and Atsushi Koizumi are retiring from their Executive Officer roles.

THE WHY? Kao didn’t provide a justification for the changes merely underlining Yosuke Maezawa’s extensive experience within its organisation, having joined Kanebo in 1986 and worked his way up the ranks, occupying numerous senior roles along the way.

The post Kao announces leadership reshuffle appeared first on Global Cosmetics News.



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