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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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Now Natura &Co IS considering spin off of Aesop

Now Natura &Co IS considering spin off of Aesop

THE WHAT? Natura &Co may have rubbished rumors that it was mulling a sale or spin-off of select brands in its portfolio just weeks ago but now the Brazilian beauty behemoth is considering a possible IPO or spin-off of its successful Aesop brand.

THE DETAILS To that end, it has launcheda comparative study to assess both options. In either case, Aesop’s current CEO, Michael O’Keeffe would remain in his role, the owner of The Body Shop said.

A final decision will be taken by the Board of Directors after the completion of the comparative study of the various options on the table.

THE WHY? The IPO has been assessed by Natura &Co as a means to fund the accelerated growth of Aesop and is aligned with the Brazilian owner of Avon’s goal to provide its brands and business units with increased autonomy and accountability, it said in a statement. The comparative study will evaluate alternatives, such as a spin-off.

The post Now Natura &Co IS considering spin off of Aesop appeared first on Global Cosmetics News.



* This article was originally published here
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