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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

Circular Cosmetics: Skin Care 

Are we getting ‘Sustainable Skin Care’ all wrong?

Are the only raw materials choices for cosmetic formulators & chemists between earth-harvested ingredients and lab-engineered ingredients?

Or is there a third way?

How can beauty manufacturers reformulate, reposition, and renew exciting product portfolios into a circular model?

This month

Natalie Deacon, Director of Corporate Affairs and Sustainability, Avon International

Laura Rudoe, Director at Good Ventures & Evolve Beauty

Dr. Richard Blackburn, Professor of Sustainable Materials at the University of Leeds | Co-Founder Keracol Limited & Dr. Craft Cosmetics

Discuss how to transform the global cosmetics industry.

The post Circular Cosmetics: Skin Care  appeared first on Global Cosmetics News.

* This article was originally published here


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