NEW YORK — A trial date of Sept. 29 has been set for former Rite Aid chief counsel Franklin Brown in federal court in Harrisburg, Pa. It was previously scheduled for Sept. 22, but was pushed back because of a court scheduling conflict, according to wire reports. Brown faces trial on a 36-count indictment for his alleged participation in a fraud scheme involving Rite Aid’s finances.
This story first appeared in the August 18, 2003 issue of WWD. Subscribe Today.
PARIS — Swiss flavors and fragrance group Givaudan announced last week first-half net profits of $94.7 million, or 130 million Swiss francs, down 17.2 percent from $114.3 million, or 157 million Swiss francs, year-on-year. Dollar figures have been converted from the Swiss franc at current exchange. Operating profits fell to $157 million, or 216 million Swiss francs from the year-ago period’s $174.8 million, or 240 million Swiss francs. The company registered sales in the half of $1 billion, or 1.379 billion Swiss francs, up 1.1 percent in Swiss Francs from $993.3 million, or 1.364 billion Swiss francs, year-on-year. In local currencies, growth would have been 12.2 percent. Fragrance sales were up 5.5 percent in local currencies in the period. The company was hit by lower margins and currency fluctuations, which had a “major impact” on its performance in the half, it said in a statement.