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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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11 Handy Sugar Substitutes to Keep in the Pantry (& the Fridge!)

Last weekend, I broke the number one rule I share with everyone who asks me for baking advice: to make sure you have all your ingredients before starting the recipe. But there I was, halfway through cracking an egg, when I looked over to the shelf where I keep dry ingredients to see my sugar jar woefully near-empty. I wasn’t about to sprint to the grocery store just for sugar (I’m also still keeping grocery trips as minimal as possible these days); I needed a sugar substitute, stat.

Luckily, because I keep a fairly stocked pantry, I had several options. There are actually a number of ingredients that mimic granulated sugar’s flavor and texture in both cooking and baking; you just need to think a bit about what you’re making and what each substitute brings to the table. For example, a ripe banana can swap in just fine when you’re baking a cake, but it wouldn’t work in, say, a caramel sauce. Not every one of these substitutions will replace sugar perfectly in every recipe you try, but they will help you achieve a similar goal in a pinch.

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