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15 May

Fable Investments Increases Its Stake in Perfumer H –

by Beautifaire101
Beauty, Featured
Fable Investments Increases Its Stake in Perfumer H –
PARIS — Natura & Co.’s enterprise capital fund Fable Investments has increased its stake in Perfumer H, the fragrance brand of perfumer Lyn Harris, with a purpose to help extend its product line, bolster its management team and support expansion in Asia. Harris, a former Robertet perfumer who founded the London-based fragrance brand Miller Harris within the ’90s, today operates Perfumer H out of England together with her husband, Christophe Michel. The nine-year-old brand combines natural ingredients and refillable options. Fable Investments’ first-ever deal was with Perfumer H, in late May 2021, when it took a minority investment within the activity. Terms of the brand new stake weren't disclosed, but Fable generally invests between 2 million euros to 10 million euros in...
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28 Mar

Mastercard Foundation Increases CorpsAfrica Partnership

by Beauty Tips
Fashion, Featured
Mastercard Foundation Increases CorpsAfrica Partnership
As more firms and institutions are recognizing the mammoth potential in Africa, the Mastercard Foundation has expanded its partnership with CorpsAfrica to $59.4 million — greater than tripling the initial investment. What began as a three-year, $17 million commitment at the top of 2021 has since been bolstered right into a five-year one. The added funds shall be put to make use of in 11 countries, versus the unique plan of 4. As of now, CorpsAfrica works with communities in Ghana, Kenya, Morocco, Senegal, Malawi and Rwanda. The goal is to create greater than 80,000 jobs and impact upward of 800,000 community members throughout Africa. While not exclusively geared for fashion-related work, the organization does support some communities with ties to...
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26 Jan

Positive Fragrance and Price Increases Boost Givaudan’s 2022 Results

by Beautifaire101
Beauty, Featured
Positive Fragrance and Price Increases Boost Givaudan’s 2022 Results
PARIS — Business at Givaudan, the world’s largest fragrance and flavors supplier, was boosted in 2022 by its fantastic fragrance activity and price increases. Net profit on the Vernier, Switzerland-based company rose 4.2 percent on-year to 856 million Swiss francs, or $929.9 million, while company sales were up 6.5 percent in local currency and by 5.3 percent on a comparable basis to 7.1 billion Swiss francs. Gilles Andrier, chief executive officer of Givaudan, in a press release called 2022’s environment “difficult,” partially resulting from higher input costs and inbound supply-chain disruptions. “Once more, we've demonstrated our strong give attention to supporting the expansion of our customers through excellent supply-chain performance, whilst at the identical time delivering modern and impactful solutions, that are a...
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