Latest news with #InternationalFlavors&Fragrances
Business Times
10-07-2025
- Business
- Business Times
Flavour and scent giant IFF's digital immersion hub charts the path to Asian senses
[SINGAPORE] Flavours and fragrances are key to the Asian experience, as industry giant International Flavors & Fragrances (IFF) would have you know. The company on Thursday (Jul 10) launched its 'immersive-experience' facility at its innovation centre in Singapore's Biopolis research hub. The 75 sq m facility is kitted out with 360-degree video technology that replicates scents, tastes, sounds and textures, simulating what can be sensed in real-world environments. 'It enables virtual tours, contextual tastings, fragrance immersion and real-time co-creation,' said IFF in a statement. Its clients – consumer-goods giant Procter & Gamble and fine-fragrance brand Yves Saint Laurent, for example – can thus work with the centre to experience or design flavour and fragrance profiles that are 'life-like, emotionally engaging', said the company. Such experiences, said IFF's general manager for scent in Greater Asia Ramon Brentan, are key to tailoring products that are in line with the contexts and preferences of the Asian consumer, given that the group is seeking to tap the region's enormous market potential. The upshot of using the technology is that product design can be done more quickly and be aligned to what the client wants, and reduce time to market, IFF said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up It added that businesses would also be able to respond more quickly and accurately to evolving consumer demands. Guests at the launch of the 'immersive-experience' facility were given an insight into how the technology is able to recreate the scent and flavour profiles that corporate clients may want. Visitors could, for example, taste and smell complex local flavours, presented as laksa-inspired cupcake frosting and Hainanese chicken rice-flavoured mayonnaise. Brentan said the immersion-experience hub is part of a broader push by the company to integrate digital tools and consumer insights into its regional expansion. He noted that one region would often consume products in a different way from another region. For example, the monsoon rains in Indonesia would change the way fragrances are perceived. 'The immersion-experience hub can thus help the customer make sure that his product smells good in a simulated monsoon environment,' he said. The New York-listed company had announced at the launch of its Singapore innovation centre in 2022 that it would expand its presence in Asia significantly. 'By 2030, Asia is projected to account for 60 per cent of global economic growth,' chief executive Frank Clyburn had noted. 'For IFF, Asia has demonstrated consistent growth, and we see tremendous opportunity in the future.' The innovation centre, along with its Singapore Flexiblend plant in Tuas launched the same year, had set aside S$30 million to invest in Singapore, which the company said would expand its regional footprint. The centre's digital tools are used in conjunction with consumer insights through foresight tools and panels, said the company. 'This space allows us to turn those rich insights into innovation,' said Prakash MG, senior vice-president of IFF Taste for Greater Asia. Speaking at the event, Kelly Lai, vice-president and head of chemicals and materials at the Singapore Economic Development Board, said Singapore supports such strategies that leverage cutting-edge digital technologies to support and accelerate innovation. 'IFF's decision to set up its immersive experience hub in Singapore reflects strong confidence in our innovation ecosystem for the flavours and fragrances industry,' she added.
CNBC
09-06-2025
- Business
- CNBC
CEO recession expectations decline from April scare, survey says
Business leaders are walking back recessionary expectations for the U.S. that initially spiked in the aftermath of President Donald Trump's tariff announcement, according to data released Monday. Less than 30% of CEOs forecast either a mild or severe recession over the next six months, per Chief Executive Group's survey of more than 270 taken last week. That's down from 46% who said the same in May and 62% in April. The share of CEOs polled this month who said they expect some level of growth in the U.S. economy also shot up above 40%. That's nearly double from the 23% who gave the same prediction in April. Expectations for flat economic growth have surged in recent months, rising above 30% from 15% in April. That comes as some market participants question if "stagflation" — a term used to described an environment with stagnating economic growth and sticky inflation — could be on the horizon. Chief Executive's latest data reflects a shifting outlook among corporate America's leaders as they follow the evolving policy around Trump's tariffs. Many large companies have left their earnings outlooks unchanged, citing the uncertainty around what the president's final trade policy will and will not include. Trump sent U.S. financial markets spiraling in April after first unveiling his plan for broad and steep levies on many countries and territories, which market participants worried would hamper consumer spending. He placed many of those duties on pause shortly after, which helped the market recoup much of its losses. The White House has been negotiating deals with countries during this reprieve, which is set to expire early next month. The Trump administration announced an agreement with the United Kingdom and is holding talks with China in London on Monday. Talk of an economic slowdown has once again become a hot topic in corporate America. "Recession" and similar iterations of the word have come up on 150 S&P 500-listed earnings calls so far this year, about double the amount seen in the same period of 2024, according to a CNBC analysis of FactSet data. "We do recognize that sweeping changes in global trade policy could contribute to broader macroeconomic volatility, including the potential to tip certain regions into a recession," said Michael DeVeau, finance chief at International Flavors & Fragrances, on the company's earnings call last month. Firms have raised alarm that tariffs could hit their bottom lines and that they will need to pass down higher costs by raising prices. Some also said rising fears of a recession because of the levies have pushed consumers to tighten their belts financially. The University of Michigan's closely followed consumer sentiment index has plunged near its lowest levels on record as the tariff announcements rattled everyday Americans. However, a New York Federal Reserve survey released Monday paints a brighter picture. The data showed that the average consumer is growing less concerned about inflation after Trump walked back some of his most severe trade plans. "From the macro, the worst concerns, I think, have passed," Home Depot CEO Edward Decker said last month. "We've gone from a dynamic of where we were going to have a near certain recession and stock market correction in early April, to where today stock markets fully recovered (and) recession expectations are way down in the past month."
Yahoo
09-05-2025
- Business
- Yahoo
International Flavors & Fragrances' (NYSE:IFF) Dividend Will Be $0.40
The board of International Flavors & Fragrances Inc. (NYSE:IFF) has announced that it will pay a dividend on the 11th of July, with investors receiving $0.40 per share. Based on this payment, the dividend yield will be 2.2%, which is fairly typical for the industry. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While it is always good to see a solid dividend yield, we should also consider whether the payment is feasible. While International Flavors & Fragrances is not profitable, it is paying out less than 75% of its free cash flow, which means that there is plenty left over for reinvestment into the business. This gives us some comfort about the level of the dividend payments. Looking forward, earnings per share is forecast to rise exponentially over the next year. Assuming the dividend continues along recent trends, we think the payout ratio will be 26%, which makes us pretty comfortable with the sustainability of the dividend. See our latest analysis for International Flavors & Fragrances The company has a long dividend track record, but it doesn't look great with cuts in the past. The annual payment during the last 10 years was $1.56 in 2015, and the most recent fiscal year payment was $1.60. Dividend payments have grown at less than 1% a year over this period. Modest growth in the dividend is good to see, but we think this is offset by historical cuts to the payments. It is hard to live on a dividend income if the company's earnings are not consistent. Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. Over the past five years, it looks as though International Flavors & Fragrances' EPS has declined at around 53% a year. Dividend payments are likely to come under some pressure unless EPS can pull out of the nosedive it is in. It's not all bad news though, as the earnings are predicted to rise over the next 12 months - we would just be a bit cautious until this becomes a long term trend. In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about International Flavors & Fragrances' payments, as there could be some issues with sustaining them into the future. The company is generating plenty of cash, which could maintain the dividend for a while, but the track record hasn't been great. Overall, we don't think this company has the makings of a good income stock. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For instance, we've picked out 1 warning sign for International Flavors & Fragrances that investors should take into consideration. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
08-05-2025
- Business
- Yahoo
International Flavors & Fragrances First Quarter 2025 Earnings: EPS Misses Expectations
Revenue: US$2.84b (down 1.9% from 1Q 2024). Net loss: US$1.02b (down from US$60.0m profit in 1Q 2024). US$3.98 loss per share (down from US$0.23 profit in 1Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Chemicals industry in the US. Performance of the American Chemicals industry. The company's shares are down 6.2% from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with International Flavors & Fragrances, and understanding this should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Forbes
27-04-2025
- Entertainment
- Forbes
Why This Multi-Hyphenate Artist Is Adding Fragrance To His Oeuvre
Rising star of the art world Manuel Mathieu is expanding his creative universe with a collection of niche fragrance—three exclusive unisex scents realised in collaboration with International Flavors & Fragrances (IFF) master perfumer Juliette Karagueuzoglou. The oeuvre of the Haiti born, Montreal based multi-hyphenate—with themes oft informed by the nature, culture and political landscape of his homeland—already encompasses painting, drawing, ceramics, and installation. Recent critically acclaimed shows include those at the Museum of Contemporary Art North Miami and Toronto Biennale. The luxury niche fragrance market is growing exponentially. It was valued at $2.397 billion in 2024 according to Business Research Insights and is expected to reach $8.12 billion by 2033. This popularity can, perhaps be attributed to a consumer desire for individuality amidst a mass culture of homogenization. A recent example of the trend is Muse, YSL Beauty's latest edition to its exclusive Le Vestiaire des Parfums line with notable launches last year by Fendi, Rabanne and Valentino. For Mathieu, the evolution of his artistic lexicon is rooted in history. 'Scent has been used for centuries by shaman to protect or to enhance reality," he said. "Artists are a type of shaman, both are working with the invisible.' His goal is to simultaneously "make people feel more than who they are" and 'more themselves.' Crafted in the French fragrance heartland of Grasse, the three scents—île noire, ECCCO, and Dsire—have been two years in the works. While deeply personal, drawing inspiration from his Haïtan identity as with much of his work, they also convey ideas that are universally relatable. île noire, the first fragrance, recalls childhood memories of jasmine wafting through the half-open window of his sister's bedroom in Haiti, alongside marine adjacent ambergris accord and earthy tobacco. With its top notes of black lemon and tumeric, woody heart of patchouli, sandalwood, and vetiver and base of leather and vanilla, the second fragrance, ECCCO evoking notions of transformation and resilience, is inspired by the aftermath of a volcanic eruption. Dsire, the third of the trio, a heady bouquet of jasmine, frangipani and tuberose, atop ylang-ylang and a voluptuous base of vanilla and musk connotes sensuality and seduction. Karagueuzoglou is also the nose behind household names like Yves Saint Laurent Tuxedo, Rabanne's Phantom and Charlotte Tilbury's emotion boosting Magic Energy. Over coffee at Kwerk Paris, part of the new wave of luxury co-work and wellness clubs springing up across the city, Mathieu described their working relationship: 'We really managed to create a space of sharing and vulnerability, finding ways to complete each other." "The perfume became a kind of residue of what we lived together, ' he added Thus far the art world has leveraged fragrance as a mechanism to amplify the way that works are experienced by the senses, like recent 'Scent & the Art of the Pre-Raphaelites' in Birmingham in the U.K. and exhibition featuring depictions of scented gloves turned permanent showcase at Madrid's Museo del Prado in Spain. Both of these harnessed Puig's AirParfum dry diffusion technology to add an extra dimension to paintings by Antonio Moro and John Everett Millais. Having previously toyed with the idea of training to become a nose himself, the initial meeting with Karagueuzoglou in 2022 took place when Mathieu was in Paris for an artistic residency at Cité Internationale des Arts. While he acknowledged that his first idea had been to create just such an olafactic experience for a show, the project soon evolved. Rather than representing an additional layer of experience, it's now his fragrance compositions themselves that constitute the work he said. 'The fragrance is the work. It stands on its own.' Even the flaçons have been crafted from a clay sculpture hand-molded by the artist, who counts ceramics as part of his oeuvre. The organic design recalls a mountain which another nod Mathieu's homeland. Haiti means 'land of high mountains' in the indigenous Taíno language. Manuel Mathieu Chapter 1 scents are available on pre-order as of this week with the official launch scheduled for the summer. However, this olefactory triptych is only the beginning. When we met in March, work on the next chapter was already underway and the artist shared five iterations of the newest composition fresh from the fragrance lab at IFF. Artist Manuel Mathieu. Manuel Mathieu.
