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.
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