PARIS — Givaudan announced an updated five-year strategy Tuesday.
“Following the successful integration of Quest, we are entering the next era of profitable growth for the business,” stated Gilles Andrier, chief executive officer of the Swiss flavors and fragrance supplier. “The overall objective is to grow organically between 4.5 percent and 5.5 percent per annum, based on an assumed market growth of 2 percent to 3 percent, and to continue on our path of market share gain over the next five years.”
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?"