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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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Malt Loaf Is the Must-Try Recipe From ‘The Great British Bake Off’

Malt Loaf Is the Must-Try Recipe From ‘The Great British Bake Off’

Last Friday, The Great British Bake Off celebrated the start of its twelfth season on Netflix the only way bakers know how to do—with cake! Twelve home bakers participated in the first week of competition with mini rolls, malt loaves, and gravity-defying cakes. Wait...what’s a malt loaf? If you’re asking that question, you’re not alone. Nearly every contestant on GBBO asked the same question. Ahead, we’re explaining what this British tea-time treat is and which bakers rose—and which sank—during the first episode of Season 12.

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7 Pro-Baker Tips to Make Cake Wayyy Easier (& More Fun!)

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What Is a Malt Loaf?

Think of a malt loaf as a richer, denser fruit cake. Prue Leith, a judge on The Great British Bake Off, makes her malt loaf with freshly brewed black tea, raisins, pitted prunes, malt extract, black treacle, and dark muscovado sugar (in addition to other pantry staples like flour, baking soda, baking powder, eggs, and butter). “This is a really old-fashioned recipe and those of you who are under 35 may never have heard of it. But don’t panic, just read the recipe,” said Leith to the contestants. A wise lesson to all home bakers who enter unfamiliar territory in the kitchen.

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