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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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LVMH teams up with Dow to improve sustainable packaging across perfume and beauty brands

LVMH teams up with Dow to improve sustainable packaging across perfume and beauty brands

THE WHAT? LVMH Beauty and Dow are set to collaborate to speed up the use of sustainable packaging across the luxury conglomerate’s perfume and cosmetic brands. The pair will work together to enable bio-based and circular plastics to be integrated into several of the owner of Dior’s product applications without compromising functionality or quality.

THE DETAILS Over the course of 2023, some of LVMH’s perfume packaging will include both bio-based SURLYN™ and circular SURLYN™. The sustainable SURLYN™ portfolio will deliver similar crystalline transparency and freedom of design expected from the rest of Dow’s SURLYN™ range, at a low carbon footprint.  

THE WHY? Claude Martinez, Executive President and Managing Director of LVMH Beauty, explains, “At LVMH, with our Life 360 program, we made the decision that our packaging will contain zero plastic from virgin fossil resources in a near future. Collaborating with Dow in developing sustainable SURLYN™ is key as this material is used in some of our iconic perfumes, starting with GUERLAIN La Petite Robe Noire. It is helping LVMH achieve our sustainability targets without any compromise on quality.”

The post LVMH teams up with Dow to improve sustainable packaging across perfume and beauty brands appeared first on Global Cosmetics News.



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