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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...
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11 Butter Substitutes for Your Cooking & Baking (But Only if You Must)

Let’s start with the bad news. There is absolutely nothing on this earth that can truly replace butter. Not the most extra-virginal olive oil, not the most convincingly golden popcorn topping, not even the most optimistically branded substitute spread. If it’s not butter then yes, I can believe it’s not butter. But if you’ve just flipped open the butter door to find yourself staring into the void, don’t despair. With some clever substitution techniques, you’ll be baking, sautéing, or slathering toast without a stick in sight.

What makes butter butter?

Butter, like most good things in life, is an emulsion. Agitate cream enough, and the tiny droplets of butterfat will come together, separating from the watery buttermilk. The result is mostly butterfat, but not all. Butter is typically 15 to 30 percent water, with milk proteins working as an emulsifier (more on these later).

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