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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

Kering issues dual-tranche bond for €1.5 billion 

Kering issues dual-tranche bond for €1.5
billion 

THE WHAT? Luxury group Kering has issued a dual-tranche bond for a total of €1.5 billion.

THE DETAILS The bond consists of a €750 million tranche with a 6-year maturity and a 3.25 percent coupon, and a €750 million tranche with a 10-year maturity and a 3.375 percent coupon.

THE WHY? The bond is said to enable Kering to enhance its funding flexibility through refinancing of existing debt, and is in line with the company’s active liquidity management. 

According to Kering, “The great success of this issue with investors underscores the market’s confidence in the credit quality of the Group.”

The post Kering issues dual-tranche bond for €1.5 billion  appeared first on Global Cosmetics News.



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