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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

Heads Up: There's a Major Carrot Recall Right Now

Heads Up: There's a Major Carrot Recall Right Now

Time to check your crisper drawer: There’s been a major recall, and this time, we’re talking about carrots. The United States Food and Drug Administration (FDA) announced a significant recall of six different carrot products, which were all distributed by Grimmway Farms. The southern California-based company issued a voluntary recall after finding that their products may have been contaminated with Salmonella. "The recall was initiated as a result of a routine, internal company test," said Grimmway Farms President and CEO Jeff Huckaby in a statement. "The health of our customers and the integrity of our products are our highest priorities, and we will continue to monitor and communicate as additional information is available."

The list of products recalled include Bunny Luv Organic Cut and Peeled Baby Carrots, Bunny Luv Organic Premium Petite Carrots, Cal-Organic Organic Petite Carrots, Grimmway Farms Shredded Carrots, O Organics Organic Peeled Baby-Cut Carrots, and O Organics Organic Baby Rainbow Carrots. Grimmway Farms’ press release stated that in addition to these products, they also “recalled certain shredded carrots and chopped (chunk) carrots that were sold to food manufacturers and food service distributors. All affected food manufacturers, food service distributors, and retail customers have been notified with much of the product having been recaptured before being available for consumption."

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