BERLIN — Fragrance and flavors supplier Symrise posted a 16 percent drop in first-quarter net income to 20.9 million euros, or $27.4 million at average exchange, due to high raw material prices, weaker sales development, plus integration and restructuring costs.
The Holzminden, Germany-based company’s sales rose 2.6 percent to 346.7 million euros, or $454.2 million, in the period. In local currency, revenues dipped 0.3 percent.
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?"