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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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L’Oréal USA ushers in concierge service to lure employees back to the office

L’Oréal USA ushers in concierge service to lure employees back to the office

THE WHAT? L’Oréal USA is incentivising employees back into the office with the launch of a concierge service that will take care of daily chores such as collecting dry cleaning, picking up pets and refilling cars with gas, according to a report published by the Daily Mail.

THE DETAILS The French beauty giant’s new perk will be available to qualifying employees at its recently opened Californian HQ. Similar schemes are not currently available at its New York office.

THE WHY? With home working becoming entrenched during the pandemic, presumably the initiative is designed to tempt workers back into the office by taking care of the daily chores that many have been able to fit around their work-from-home schedule but struggle to complete when commuting. L’Oréal USA CEO David Greenberg has been vocal in his belief that staff need to engage and interact in person for the business to thrive.

The post L’Oréal USA ushers in concierge service to lure employees back to the office appeared first on Global Cosmetics News.



* This article was originally published here
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