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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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Why Box Wine Is Your Best Bet This Thanksgiving (& Beyond)

Why Box Wine Is Your Best Bet This Thanksgiving (& Beyond)

Box wine is sometimes jokingly referred to as “Cardbordeaux,” thought of as a college party drink we wouldn’t serve on a sophisticated table. But we’re here to tell you that times, they are a-changin'. The newer, upscale boxes from smaller domestic producers or cult European importers are a maybe-overlooked, actually optimal choice for this year’s meal—once opened, they store up to a month in the refrigerator.

In Europe, “bag in a box” wines are a growth segment, popular because they’re sustainable—less packaging, less fuel burned in transportation, smaller carbon footprint—and low-cost, usually coming in at $20 to $40 for four-bottles-worth of volume. Here, they can be an insider trick; one of the biggest markets in the U.S. for this wine are chefs in higher-end kitchens who “want wine that is of a higher quality to use in cooking, and stays fresh longer,” says Camilo Ceballos, wine director of New York–based wine importer Omni Wines.

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