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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 percen...

Chanel becomes latest brand to channel K-Pop with NewJeans’ Minji appointment 

Chanel becomes latest brand to channel K-Pop with NewJeans’
Minji appointment 

THE WHAT? Chanel has appointed K-Pop star NewJeans’ Minji as its official brand ambassador in the fashion, watch and beauty categories.

THE DETAILS Minji is the latest member of the band to get tapped for luxury campaigns over the previous few months, with Hyein named as the official ambassador for Louis Vuitton.

THE WHY? Chanel is looking for growth in Asia and is capitalizing on the K-Pop trend with the appointment of Minji.

The post Chanel becomes latest brand to channel K-Pop with NewJeans’ Minji appointment  appeared first on Global Cosmetics News.



* This article was originally published here

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