Featured Posts

To top
Title Image

Symrise Tag

5 Oct

Symrise Ups Stake in Kobo Products Inc. – WWD

by Beautifaire101
Beauty, Featured
Symrise Ups Stake in Kobo Products Inc. – WWD
PARIS — Swiss fragrance and flavors supplier Symrise AG has raised its stake in Kobo Products Inc., a U.S.-based pigment and powder specialist for the wonder industry, to 49 percent. Financial terms of the deal weren't disclosed, but in a press release Symrise said the funds raised are expected to expand capability and enhance Kobo’s supply chain. “The transaction creates further opportunities for each corporations within the fields of mineral UV filters and ornamental cosmetics,” Symrise said. “Kobo customers may also profit from expanded capacities and global supply chains. With this step, each partners have expressed their strong commitment to this partnership and the added value it should create for patrons and consumers.” The fragrance and flavors suppliers keep expanding their reach through...
Continue reading
0 Comments
6 Jul

Symrise Appeals European Commission Search in March – WWD

by Beautifaire101
Beauty, Featured
Symrise Appeals European Commission Search in March – WWD
PARIS — German fragrance and flavors supplier Symrise has filed an appeal with the Court of Justice of the European Union against the search conducted on behalf of the European Commission between March 7 and 9. As reported, the world’s 4 major fragrance suppliers — Symrise, Firmenich, Givaudan and IFF — are involved in an antitrust inquiry. In March, the businesses confirmed that they're a part of an investigation into possible collusion by the European Commission. “We consider the search to be illegal under several legal points,” Symrise said in a press release on Thursday. “The EU Commission has not sufficiently explained what information it allegedly has that makes it appear possible that Symrise is also involved in transactions that violate antitrust...
Continue reading
0 Comments
26 Oct

Symrise Raises Full-year Guidance Yet Again – WWD

by Beautifaire101
Beauty, Featured
Symrise Appeals European Commission Search in March – WWD
Symrise Raises PARIS ­– Symrise Raises On the back of a powerful third quarter, Symrise AG has raised its full-year 2022 guidance yet again. The German fragrance and flavors supplier said in a press release on Wednesday that sales growth across each of its divisions was more robust than expected, up 13.6 percent overall on an organic basis to 975.2 million euros within the three months ended Sept. 30. In reported terms, sales rose 26.4 percent. Symrise’s Scent and Care division’s activity was spurred by the fragrance and fantastic fragrance activities, while demand for hygiene and oral care products was lower than in 2021. The Cosmetic Ingredients activity posted double-digit organic growth, and sun protection products notched up dynamic wins. Overall, the division’s...
Continue reading
0 Comments