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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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The 5 Best Substitutes for Evaporated Milk

The 5 Best Substitutes for Evaporated Milk

It’s a classic recipe blunder: You’ve assembled your mise en place, preheated the oven, even carefully buttered and floured the pan. Then, you see it: “one cup of evaporated milk.”

It was right there in the ingredients list the whole time, of course, but you’re definitely just seeing it for the first time now. You poke around the pantry in hopes you’ll get lucky. While you do find four cans of pumpkin, six cans of garbanzo beans, condensed milk, coconut milk, AND powdered milk, there’s no evaporated milk to be found. What now? Go back to the store? Uh, no thanks. If you’ve already cooked the pasta and started the bechamel sauce for ultra-creamy macaroni and cheese, you’re not going to stop now. If you’ve had your heart set on baking ice cream or a mud cake, the craving isn’t just going to go away because you’re out of evaporated milk. Abandon the recipe and make something else? Less than ideal.The answer: none of the above, because there are actually plenty of substitutes for evaporated milk.

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