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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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The Estée Lauder Companies announces updates to the travel retail leadership team

The Estée Lauder Companies announces updates to the travel retail leadership team

THE WHAT? The Estée Lauder Companies (ELC) has announced changes to its travel retail leadership team, with Alice Marvillet appointed as Senior Vice President, General Manager, Estée Lauder, Travel Retail Worldwide.

THE DETAILS Further, Mark Khoo has been named as Senior Vice President, Store Design & Visual Merchandising, Travel Retail Worldwide, while Irene Giatra is appointed as Vice President, Global Client Management, Travel Retail Worldwide.

Marvillet will be responsible for managing the Estée Lauder brand experience in TRWW and driving brand equity, as well as accelerating distribution, channel, and consumer engagement.

Khoo will lead the Travel Retail (TR) SDVM team and work alongside the Project Management and Field Visual Merchandising teams on brand executions.

He will also further develop TR SDVM capabilities and drive the design differentiation of ELC brands.

Giatra will be responsible for leading ELC’s Global Travel Retail Key Accounts. She will drive ‘transformational go-to-market initiatives.’

THE WHY? With travel retail continuing to rejuvenate following COVID-19, ELC’s leadership shake-up comes at a time when the industry HR merry-go round goes into full swing ahead of the new year. 

The post The Estée Lauder Companies announces updates to the travel retail leadership team appeared first on Global Cosmetics News.



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