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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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The Indian-Inspired Dessert I Make to Celebrate My Hybrid-Culture Diwali

The Indian-Inspired Dessert I Make to Celebrate My Hybrid-Culture Diwali

I grew up with a deep desire to learn about the traditions and culture that my parents left behind when they emigrated from India. I had always experienced an “Indian-ness” to my everyday American life: We spoke almost exclusively in Gujarati at home, ate daily home-cooked Indian meals, and always seemed to be planning our next family vacations to India.

Despite this exposure to my cultural heritage, it always seemed hard to fully experience and understand Indian holidays as a kid growing up in the U.S. For example, my parents would share the most joyous childhood memories of celebrating Diwali, the four-day festival of lights that culminates in the celebration of the Hindu new year, but recreating those memories in our American lives was a different story.

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