Eurazeo Sells Iberchem Fragrance and Flavors Maker to Croda

PARIS — Eurazeo Capital said Wednesday that it is selling its stake in Iberchem, a Spanish fragrance and flavors maker, to Croda International, a U.K.-based specialty chemicals concern. Under terms of the deal, Iberchem is valued at 820 million euros. That represents 20.5-times the group’s earnings before interests, taxes, depreciation and amortization in 2020. Founded in Murcia, Spain, in 1985, […]

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Fueguia 1833 Introduces Scents With Sanitizing Proprieties

MILAN — While many cosmetics companies are converting their production to manufacture hand sanitizers to aid the respective countries in fighting the coronavirus outbreak, Argentinian fragrance house Fueguia 1833 is readying the release of its sanitizing perfume collection. Dubbed Fueguia BioActive Molecules, the range aims to offer the brand’s signature scents in a sanitizing version for skin and textiles. Source: Read […]

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CEO Talks: Acqua di Parma’s Laura Burdese Wants to ‘Yellow-fy’ the Market

MILAN — According to chromo therapy, the color yellow is considered to incite positive feelings like optimism, courage and vitality, in addition to encouraging communication. Although each person can react to the color spectrum differently, such properties perfectly fit with Laura Burdese, chief executive officer and president of Acqua di Parma, the Italian niche fragrance label globally known for its […]

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Alexandre Choueiri Promoted to Global President, Ralph Lauren Fragrances

Alexandre Choueiri has been appointed global president of Ralph Lauren Fragrances. The promotion comes after Choueiri, who has been with L'Oréal since 2000, spent about seven years with the company's International Designer Collections division, where he is currently president of the U.S. business. Before IDC, Choueiri spent time at Lancôme, Helena Rubinstein and Kiehl's. The Ralph Lauren job elevates Choueiri […]

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Nest Fragrances Names New CEO, Maria Dempsey

Nest Fragrances has a new chief executive officer. Today, the fragrance brand announced Maria Dempsey, a beauty executive with more than 25 years of industry experience, as its new ceo. Dempsey joins Nest from Crabtree & Evelyn, where she was a project management and operational marketing consultant. She succeeds Nancy McKay, who stepped down as ceo in October 2018. "I […]

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Prestige Fragrance Sales Increase During Holiday Season

During its most important selling period, prestige fragrances are experiencing an increase in sales for the holiday season. In a report released by the NPD Group, sales for prestige fragrances increased 8 percent year-to-date through October. This year, fragrances have generated $2.7 billion in sales, growing at a faster rate than the previous year. The report indicates the fragrance market […]

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