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☆ 7 of the best scents to wear this spring, according to professional perfumers
▼ + stars: | 2024-04-06 | by ( Cheyenne Lentz | ) www.businessinsider.com time to read: +5 min

Silent florals continue to be popularMany familiar scents from the garden, including lilac, are popular in spring fragrances. Citrus and fruity scents have uplifting and refreshing qualitiesFresh culinary scents including citrus and other fruits are popular notes for spring fragrances. Oscar Wong/Getty Images"Citrus scents are always popular for spring, as they bring a refreshing and uplifting feel," Gavarry said. Indulgent scents, such as vanilla, are on the riseToday's consumers are being drawn to scents that delight and allow you to escape, according to Gavarry. With that, there has been a growing interest in scents that are more indulgent and pleasurable, and this will likely continue through spring.

Persons: —, perfumers, Clement Gavarry, Rodrigo Flores, Roux, Tom Ford, Woody, Gavarry, florals, Christophe Lehenaff, hyacinth, Flores, Oscar Wong Organizations: Service, McKinsey & Company, Business, Inter Parfums, Dolce Locations: Givaudan, Swiss, gardenia

☆ How Fragrance Companies Are Experimenting With AI
▼ + stars: | 2024-03-26 | by ( Leila Jordan | ) www.businessinsider.com time to read: +9 min

The company works on the business-to-business side of the industry, designing and creating scents for various companies worldwide. Givaudan launched Myrissi, its AI tool, last year to demystify fragrance development. A new kind of signature scentSome fragrance brands use tech to decipher scent preferences and create personalized scents. Chaille de Nere told BI he didn't want that to happen in the fragrance industry. While AI's role in the beauty industry has yet to take shape, the fragrance industry is betting on the technology.

Persons: Rachel Herz, Herz, Frederik Duerinck, Hertz, Johan Chaille de, Givaudan, Sandra Kinnmark, Angelica Lonnberg, Caroline Borg, Kinnmark, Duerinck, EveryHuman, TJ, Chaille de Nere, perfumers, Chaille de Organizations: Brown University, NOS, Emotiontech, Hallwyl, NOS Emotiontech, Union Locations: Swedish, Highland, Stockholm, London

☆ Givaudan CEO discusses its higher-than-expected sales in 2023
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGivaudan CEO discusses its higher-than-expected sales in 2023Gilles Andrier, CEO of the Swiss fragrance and flavor maker, explains how the company is managing higher input costs.

Persons: Gilles Andrier

☆ Beauty demand is strong despite consumer demand headwinds, says Givaudan CEO
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeauty demand is strong despite consumer demand headwinds, says Givaudan CEODemand for higher-end beauty and fragrance products remains strong, even as food and consumer spending is under pressure, according to Givaudan CEO Gilles Andrier.

Persons: Gilles Andrier

☆ European markets mixed as tech stocks sink 2% on weak U.S. earnings
▼ + stars: | 2023-07-20 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets were muted on Thursday as investors assessed the implications of some big U.S. corporate results and the start of earnings season at home. The pan-European Stoxx 600 hovered around the flatline in early trade, with tech stocks shedding 2.4% to lead losses on the back of weak U.S. earinings, while mining stocks added 1.4%. Markets in Asia-Pacific were mixed overnight as investors digested a slew of economic data across the region. Japan's Nikkei 225 led losses after the country posted a surprise trade surplus of 43 billion yen ($308 million), its first surplus in 23 months. Stateside, Nasdaq 100 futures slid in after-hours trading Wednesday evening as shares of Netflix sank after the company missed second-quarter earnings expectations.

Persons: Tesla, Elon Musk Organizations: Nikkei, Nasdaq, Netflix, Sweden's Volvo, SAP, France's, Nokia, ABB, Givaudan Locations: Asia, Pacific, Europe, France's Publicis

April 13 (Reuters) - Swiss fragrance and flavour maker Givaudan (GIVN.S) on Thursday reported quarterly like-for-like sales slightly above expectations, with price rises helping to offset lower sales volumes in North America. Its first-quarter revenue rose 3.6% to 1.84 billion Swiss francs ($1.97 billion) on a like-for-like basis, beating the 1.80 billion francs expected by analysts in a poll compiled by the company. The sales growth was below Givaudan's mid-term target of between 4% and 5% on average, which it also reiterated. On a reported basis, sales fell 0.4% to 1.77 billion Swiss francs. Givaudan reported a 9.5% drop in like-for-like sales in North America, the only region to record a decline in the quarter.

☆ Givaudan's quarterly sales beat expectations
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

April 13 (Reuters) - Swiss fragrance and flavour maker Givaudan (GIVN.S) on Thursday reported quarterly like-for-like sales above expectations, saying it started the year with good business momentum while maintaining operations and global supply chain at a high level. Its first-quarter revenue rose 3.6% to 1.84 billion Swiss francs ($1.97 billion) on a like-for-like basis, compared with analysts' average forecast of 1.80 billion francs in a poll compiled by the company. The sales growth was below Givaudan's mid-term target of between 4% and 5% on average, which it also confirmed in the press release. On a reported basis, its sales fell 0.4% to 1.77 billion Swiss francs. Givaudan reported a 9.5% drop in like-for-like sales in North America, the only region to record a decline in the quarter.

☆ Swiss antitrust agency names four firms in fragrance cartel probe
▼ + stars: | 2023-03-08 | by ( John Stonestreet | Ludwig Burger | ) www.reuters.com time to read: +2 min

(Reuters) -The Swiss antitrust agency on Wednesday named four companies it is investigating for forming an alleged fragrance cartel that is also the target of U.S. and other European watchdogs. Slideshow ( 2 images )They are Switzerland’s Givaudan, domestic rival Firmenich, which is merging with Dutch chemicals group DSM, U.S.-based International Flavors & Fragrances Inc and Germany’s Symrise, Swiss competition commission COMCO said. News of the probe into the supply of fragrances and fragrance ingredients broke on Tuesday, when Givaudan confirmed it was being investigated. A Symrise spokesperson confirmed the group was part of the investigation and that it would cooperate with authorities. Givaudan’s shares dropped 2.7% and DSM lost 2.8%, while U.S.-listed International Flavors & Fragrances (IFF) was down 2.9% at Tuesday’s close.

☆ Swiss antitrust agency names four firms in fragrances cartel probe
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Swiss flavours and fragrances maker Givaudan is seen at its innovation center in Kemptthal, Switzerland January 10, 2020. REUTERS/Arnd WiegmannZURICH, March 8 (Reuters) - Swiss antitrust authorities on Wednesday named four companies targeted in an international investigation into an alleged fragrances cartel. They are Switzerland's Givaudan SA (GIVN.S), U.S.-headquartered Firmenich International, U.S.-based International Flavors & Fragrances Inc (IFF.N) and Germany's Symrise AG (SY1G.DE), Swiss competition commission COMCO said. News of the probe into the supply of fragrances and fragrance ingredients broke on Tuesday, when fragrance and flavour maker Givaudan confirmed it was being targeted. A Symrise spokesperson confirmed the group was part of the investigation and would cooperate with authorities.

BRUSSELS/ZURICH, March 7 (Reuters) - Swiss fragrance and flavour maker Givaudan (GIVN.S) said on Tuesday that it was being investigated by European Union and Swiss antitrust authorities after the EU announced earlier it had raided several companies on concerns of a cartel in the supply of fragrances and fragrance ingredients. "I can confirm that we are part of an industry-wide investigation by European and Swiss authorities. When presented with evidence of wrongdoing, the bloc's rules allow the EU antitrust enforcer to enter company offices, examine and take copies of records related to the business, as well as question staff. The EU competition enforcer said it had been in contact with the U.S. Department of Justice and competition agencies in Britain and Switzerland and that the raids were conducted in consultation with them. Companies face fines as much as 10% of their global turnover for violating EU antitrust rules.

☆ What this MIT-trained CEO wishes school taught her differently: There's no 'right way' to succeed
▼ + stars: | 2023-02-28 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

There's no "right way" to become successful. That's what Jasmina Aganovic, the 35-year-old CEO of beauty biotech startup Arcaea, wishes she'd known before she embarked on her career. Aganovic, who has a degree in chemical and biological engineering from MIT, launched Arcaea in 2021 after multiple stints developing products for other biotech companies. Her startup develops lab-grown compounds that mimic common ingredients in beauty products, but in a more effective and sustainable way, she says. School taught her to always search for "the clear, best answer," Aganovic says.

☆ Europe Inc earnings offer market optimists more hope
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +5 min

Shares in ASML were lower after the results, having rallied recently to hit their highest since last April. Helped by strong orders in Europe, French train maker Alstom (ALSO.PA) posted an 8% rise in third-quarter sales. While it is still early in the corporate earnings season, the results offer some hope that recent economic data which has buoyed equities this month is grounded in reality. Swiss asset manager GAM (GAMH.S) meanwhile warned on profits after experiencing negative asset flows, knocking its shares 2.5% lower in early morning trading. ($1 = 0.8115 pounds)Reporting by Reuters newsroom; Writing by Josephine Mason; Editing by Catherine EvansOur Standards: The Thomson Reuters Trust Principles.

☆ Flavour maker Givaudan beats earnings forecasts in a tough year
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Swiss flavours and fragrances maker Givaudan is seen at its innovation center in Kemptthal, Switzerland January 10, 2020. REUTERS/Arnd Wiegmann/File PhotoJan 25 (Reuters) - Swiss fragrance and flavour maker Givaudan (GIVN.S) on Wednesday reported better-than-expected earnings for a year characterized by high input costs and supply chain disruptions. Sales increased by 5.3% on a like-for-like basis to 7.1 billion Swiss francs in 2022, while growing only 2.9% organically in the final quarter. Givaudan and Symrise are the runners-up behind IFF Inc (IFF.N) in the market share ranking for fragrances, flavours and ingredients for food and cosmetics. It confirmed its mid-term target of 4-5% average organic sales growth per year on a like-for-like basis.

☆ Givaudan CEO: Input costs have risen by 10%
▼ + stars: | 2023-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGivaudan CEO: Input costs have risen by 10%Gilles Andrier, CEO at Givaudan, discusses how the company are managing supply change issues, rising costs and margin concerns.

☆ Tech lifts European shares despite hawkish ECB signals
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Tech follows U.S. peers higherHawkish ECB boosts euro, banksSymrise slides on EBITDA missJan 23 (Reuters) - European stocks edged higher on Monday, lifted by technology and mining shares, as expectations of a mild recession in the euro zone offset hawkish remarks from European Central Bank (ECB) officials that sent the euro to a nine-month high. The pan-European STOXX 600 index (.STOXX) rose 0.2% after posting its first weekly decline of the year on Friday. Tech stocks (.SX8P) jumped 1.4% after their Wall Street peers rallied on Friday following upbeat results from streaming giant Netflix Inc (NFLX.O). Investors will look for more clues on the central bank's tightening plans when ECB President Christine Lagarde speaks later in the day. Fourth-quarter earnings for STOXX 600 companies are forecast to have grown by 10.7% year-on-year, the slowest in two years, according to Refinitiv I/B/E/S data.

☆ Givaudan's quarterly growth slows on North America weakness, shares fall
▼ + stars: | 2022-10-11 | by ( Silke Koltrowitz | ) www.reuters.com time to read: +2 min

An employee mixes liquid fragrances in a bottle in a laboratory of Swiss flavours and fragrances maker Givaudan in the town of Duebendorf, Switzerland November 5, 2015. Group sales rose 6.1% on a like-for-like basis and 7.7% in Swiss francs, reaching 5.458 billion Swiss francs ($5.45 billion) in the first nine months of 2022. However, sales in the group's taste and wellbeing unit that makes flavours for food and drinks fell 2.8% in North America, implying an even stronger slowdown in the third quarter. Givaudan's shares, down almost 37% so far this year, were 6.4% lower at 0801 GMT. Givaudan confirmed its mid-term target of 4-5% average organic sales growth per year on a like-for-like basis.

☆ Givaudan on track to offset higher input costs as sales rise
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Arnd WiegmannZURICH, Oct 11 (Reuters) - Swiss fragrance and flavour maker Givaudan (GIVN.S) said on Tuesday it was on track to implement price increases to offset higher input costs after like-for-like sales rose 6.1% in the first nine months of 2022. Sales were up 6.1% on a like-for-like basis and 7.7% in Swiss francs, reaching 5.458 billion Swiss francs ($5.45 billion) in the nine-month period, the Geneva-based company said. Register now for FREE unlimited access to Reuters.com RegisterSales in Givaudan's fragrance and beauty business rose 5.8% at 2.489 billion francs, helped by almost 15% higher fine fragrance sales, Givaudan said. Sales in its taste and wellbeing unit increased by 6.4% to 2.969 billion francs despite a hit from COVID-19 measures in China, the company said. Givaudan confirmed its mid-term target of 4-5% average organic sales growth per year on a like-for-like basis.

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