Swiss probe supply stink in $5bn scent market

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Competition commission targets market leaders Givaudan, domestic rival Firmenich, International Flavors & Fragrances and Symrise

The logo of Swiss flavours and fragrances maker Givaudan is seen at its innovation center in Kemptthal, Switzerland on January 10 2020. File Picture: REUTERS/Arnd Wiegmann

The scent industry worth more than $5bn creates and makes fine fragrances for brands including Calvin Klein, Hugo Boss and Gucci, while also designing the smell of household products of global companies such as Procter & Gamble and Colgate-Palmolive. Givaudan fell 3.7% and DSM lost 3.5%, underperforming a 1.3% decline in the STOXX Europe 600 Chemicals index, while US-listed International Flavors & Fragrances was down 2.9% at Tuesday’s close.

It said the ingredients in question are used in cosmetics, personal care products, detergents and cleaning products.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités