NEW YORK — International Flavors & Fragrances Inc. reported Thursday that it recently eliminated more than 150 positions in North America and Europe as part of its ongoing reorganization.
Accordingly, IFF anticipates a first-quarter aftertax charge of about $13 million, or 14 cents a share, to cover separation costs. Earnings for the period, including the charge, should range from 33 to 36 cents a share. IFF tallied income of 44 cents a share a year ago.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)