PARIS — Givaudan reported its full-year 2012 net profits grew 63.1 percent to 411 million Swiss francs, or $438.5 million, bolstered by an improved operating performance, decreased financial expenses and a lower income-tax rate.
The Vernier, Switzerland-based fragrance and flavors supplier’s operating income in the 12-month period grew 37 percent to 607 million Swiss francs, or $647.6 million.
Sales were up 8.7 percent to 4.26 billion Swiss francs, or $4.54 billion. On a constant-currency basis, revenues rose 6.6 percent.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)