Fragrance maker Inter Parfums Inc posted first-quarter profit that missed analysts' estimates, as a strong U.S. dollar took a big bite out of its sales amid a challenging retail environment, but it backed its 2009 outlook.
Patrice Louvet, currently P&G Global Prestige Products Vice President - Future Strategy and Growth, is making his way through the ranks. He will succeed Hartwig Langer to become President of Global Prestige Products as Mr Langer will retire on the 1st of January 2010.
In spite of the fact the perfume and cosmetic markets are still shrinking due to a worldwide decrease in consumption, Inter Parfums saw a turnover of €63 million in the first quarter of 2009. The group judged this performance to be “reasonable”.
International Flavors & Fragrances (IFF), specialist producer of aromas and flavourings, has announced that Keven Berryman, formerly of Nestlé Professional, will take the posts of Executive Vice-President and Chief Financial Officer.
You could call its operation “guerrilla store" a success. After having tested its potential to seduce the London clientele in a temporary boutique on Mount Street, Azzaro has marked its arrival proper at Browns, the well known store for numerous top-of-the-range brands in London.
Renato Semerari has been named global president of the beauty division at Coty. He will also be in charge of all of the group’s international brands of cosmetics which are mass-distributed across the Americas, Europe, Asia and the Middle-East.
From 2-5 April Milan will pay homage to perfume and host the first edition of the tradeshow for professionals “Esxence – The Scent of Excellence”. 85 brands will be present, including the biggest names in the business.
Beauté Prestige International has named Léa Vignal-Kenedi as vice-president of Narciso Rodriguez Parfums. She will be kept busy with the development of a new fragrance for women, expected to launch internationally in April 2009.
It’s in the shopping centre Takashimaya, one of Singapore’s most popular shopping destinations, that the English cosmetics brand Jo Malone has chosen to reside : a cosy shop-in-a-shop which is part of the Asia-Pacific expansion plan presented last trimester.
After her clothing line the Canadian is getting ready to launch her first fragrance. The perfume, Black Star, is the result of a partnership with the marketing giant Procter & Gamble and comes complete with a low price tag to help win over Avril’s youthful fans.
IFF has announced the opening of a new high-tech centre for flavourings and perfumes on the outskirts of Sao Paolo, a way for the company to increase its presence in South America as well as increase its supply capabilities.