Givaudan S&E
This article was originally published in The Rose Sheet
Executive Summary
Fine fragrance revenue grew by double digits for the first nine months due to significant new launches and strong performance of specialty retail and direct-selling channels, Givaudan reports Oct. 9. Consumer Products business experienced high single-digit growth in local currencies with strong win rates achieved in hair care. Fragrance division sales fell 1.7% to $643.9 mil. (CH1=$.76). In local currencies, division sales were up 5.2%. Givaudan's net sales for the period grew 1.1% in Swiss Francs on a reported basis to $1.58 bil. Revenue was down 4.6% on a pro forma basis, assuming the acquisition of Nestle's flavor activities had taken place Jan. 1...