New York-based fragrance supplier International Flavors & Fragrances Inc. posted a 28.3 percent drop in profits on lower revenues during the second quarter ended June 30 as the company’s fragrance business remained “challenging.”
The firm reported net earnings of $48.1 million, or 60 cents a diluted share, compared with $67 million, or 83 cents a share, in the same period a year ago. Revenues declined 10.7 percent to $568.3 million, from $636.1 million a year ago. Excluding the impact of foreign exchange, revenues were down 4 percent.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"