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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...

A Brief History of the American Cookout

A Brief History of the American Cookout

There’s something almost spiritual about watching someone cook with fire: the glowing red charcoal pulsing with energy; the slow, controlled breaths sending ash fluttering into the air. Perhaps we tend to huddle around the flames to watch—whether we know it or not, it’s an experience that tugs at our shared history. From a backyard hot dog in New Jersey, to razor-thin bulgogi in Seoul, to Jamaican jerk chicken, cooking with fire draws crowds among myriad cultures.

Jim Auchmutey, author of Smokelore, notes that grilling dates back to the Paleolithic era, when humans first cooked meat over open fire. There were no fancy rubs or sauces, no direct or indirect heat. Nonetheless, Dr. Richard Wrangham, a professor of biological anthropology at Harvard University, claims that the discovery of heating food altered the course of human development. In Catching Fire: How Cooking Made Us Human, Wrangham writes that “cooking was a great discovery not merely because it gave us better food, or even because it made us physically human. It did something even more important: it helped make our brains uniquely large, providing a dull human body with a brilliant human mind.” Before humans discovered cooking, our ancestors spent most of their time and energy chewing raw fibrous plants and vegetables. But their jaws and teeth were no match for raw meat. To make chewing easier, they used stone tools as “second teeth” to break down animal flesh. This was still a lot of work. According to Wrangham, once humans began cooking with fire, they were able to consume more calories with less time and effort, which supported the development of larger brains.

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