Skip to main content

Featured

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
1 comment
Read more
Labels

Sephora unveils opening date for hotly-anticipated UK store 

Sephora unveils opening date for hotly-anticipated UK store 

THE WHAT? Sephora has announced the opening date for its UK store, with the cult beauty retailer opening at Westfield White City in West London on March 8, 2023. 

THE DETAILS The 6000ft store sits alongside beauty competitors within the shopping centre, including Lush, L’Occitane, Space NK and Boots, and will stock 135 beauty brands, including the perfumery chain’s own Sephora Collection as well as Vegamour, Skinfix and Makeup by Mario. 

THE WHY? Sephora re-entered the UK market in October 2022 with an online offering, teasing fans with its bricks-and-mortar return this year. 

While failing to crack the UK beauty market following its exit in 2005, blaming rising rents and costs, the U.S. retailer cites the UK’s ‘dynamic beauty and wellness market’ as a reason for its return. 

The post Sephora unveils opening date for hotly-anticipated UK store  appeared first on Global Cosmetics News.



* This article was originally published here
Labels:

Comments

Post a Comment

Popular Posts