PARIS — Givaudan reported first-half net profit rose 12.6 percent, spurred by strong volume gains and lower operational costs, and confirmed its mid-term guidance.
The Vernier, Switzerland-based fragrance and flavors supplier’s net income was 305 million Swiss francs, or $342.4 million, in the six months ended June 30. Its operating profit increased 11.8 percent to 422 million Swiss francs, or $473.7 million.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"