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Daniel - 1 Ai - 1 Gan Choudhuri - 1 CNBC's - 1 Choudhuri - 1 Kellogg - 1 Conor Delahunty - 1 Vishal Harnal - 1
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ZoomInfo - 1 Brandwatch Consumer Intelligence - 1 CNBC Tech - 1 Diageo - 1 Nestlé - 1 Pepsico - 1 Symrise - 1 Global - 1

Search resuls for: "Symrise"


7 mentions found


☆ A Singaporean AI startup is trying to disrupt the 100-year-old market research industry
  + stars: | 2024-11-14 | by ( Shafi Musaddique | ) www.cnbc.com   time to read: +5 min
Finding ways to attract consumers to buy packaged goods stretches back to the 1920s when American psychologist Daniel Starch created the world's first market research study. Founded in Singapore in 2018, the startup provides AI-powered market research with real-time predictive analytics. Rival firms include ZoomInfo Sales, Trajaan and Brandwatch Consumer Intelligence, all of which deploy a variety of technology to comb through consumer data and marketing trends. Somsubhra Gan Choudhuri, co-founder and CEO Ai Palette, said AI can take up much of the brain power usually done by people. Along with VC investors, Ai Palette has had the backing of the Singapore government, which is committing more than three quarters of a billion Singaporean dollars ($7,500,000) to AI development to strengthen its AI ecosystem.
Persons: Daniel, Ai, Gan Choudhuri, CNBC's, Choudhuri, Kellogg, Conor Delahunty, Vishal Harnal Organizations: ZoomInfo, Brandwatch Consumer Intelligence, CNBC Tech, Diageo, Nestlé, Pepsico, Symrise, Global, Venture Locations: Singapore, Thailand, Indonesia, Malaysia, Philippines
☆ 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.
☆ 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.
☆ 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.
☆ Chemical plant fire and possibility of explosions prompt evacuations in Georgia
  + stars: | 2022-11-07 | by ( The Associated Press | ) www.nbcnews.com   time to read: +3 min
SAVANNAH, Ga. — A large fire burned Monday inside a chemical plant on the coast of Georgia, where authorities ordered about 100 nearby homes to evacuate because of threats from toxic smoke and potential explosions. As a precaution, local emergency officials ordered neighborhoods within a 1-mile (1.6 kilomter) radius of the plant to evacuate. Wayne Neal, chairman of Glynn County’s elected Board of Commissioners, estimated roughly 100 households had been told to evacuate. “We will evacuate more than we need to evacuate,” Prosswimmer told a news conference. The Georgia plant manufactures fragrance ingredients used in perfumes, detergents and household cleaners, said Smyrise spokesperson Christina Witter.
☆ This pandemic consumer trend is still going strong. How to get behind it
  + stars: | 2022-10-16 | by ( Christina Cheddar Berk | ) www.cnbc.com   time to read: +4 min
As CNBC Pro has previously reported, pet ownership in the U.S . is booming, and will help sustain a higher level of sales in the coming years. However, that 4% increase in pet ownership has resulted in an 11% gain in pet spending, it said. "Despite now being [circa] 30 months away from the start of the pandemic, pet care is still going strong," AllianceBernstein analysts wrote. That pace is faster than 8% global growth rate from 2021 to 2022 predicted by Euromonitor and Bernstein analysis, the report said. It owns Diana Pet Foods, and is the leading pet food ingredients company.
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