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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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L’Oréal unveils two new technology prototypes at CES 2023

L’Oréal unveils two new technology prototypes at CES 2023

THE WHAT? L’Oréal has unveiled two new technology prototypes at CES 2023, including HAPTA and L’Oréal Brow Magic. 

THE DETAILS The technologies claim to ‘expand access to beauty expression’, with HAPTA being a handheld, computerized make-up applicator designed to advance the beauty needs of people with limited hand and arm mobility. 

L’Oréal Brow Magic is an at-home electronic eyebrow makeup applicator that creates customized brow looks in seconds.

THE WHY? Focusing on inclusivity, Barbara Lavernos, Deputy CEO in charge of Research, Innovation and Technology at L’Oréal, said: “Inclusivity is at the heart of our innovation and beauty tech strategy. 

“We are dedicated and passionate to bring new technologies powering beauty services that augment and reach every individual’s ultimate desires, expectations, and unmet needs.”

Guive Balooch, L’Oréal Global Head of Research and Innovation’s Tech Incubator, said: “The strength of L’Oréal’s beauty tech program is supported through the quality of our partnerships.

“Often, we find a brilliant technology that is being applied to something outside the beauty realm. Combining L’Oréal’s heritage of beauty with these advanced technologies allows us to create entirely new beauty gestures—reimagining the original technology, and the traditional beauty experience, in the process.”

The post L’Oréal unveils two new technology prototypes at CES 2023 appeared first on Global Cosmetics News.



* This article was originally published here
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