TFF Journal 2018
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Performance & Sustainability Report
Performance & Sustainability Report 2016 ABOUT FIRMENICH ORGANIZATIONAL PROFILE TABLE OF CONTENTS Firmenich is the world’s largest privately owned company in the Chairman and CEO Letter 02 fragrance and flavor business. Founded in 1895 and headquartered in Geneva, Switzerland, R&D Perspectives 04 Firmenich has created many of the world’s best-known perfumes Ingredient Perspectives 04 and flavors enjoyed around the world, every day. Firmenich reports its financial results and sustainability initiatives Perfumery Perspectives 05 (following the GRI guidelines) on a fiscal year basis ending June 30. Flavor Perspectives 06 In this report, all references to “FY16” relate to the 12 months ended June 30, 2016. Sustainability at Firmenich 07 Pathways to Positive 08 6,500 Employees 36 Countries Ethics and Excellence 10 Environment and 18 Resources 25 Manufacturing 3.2bn Swiss francs Innovation, Science 26 sites (CHF) sales and Society Partnerships 32 People and Communities 40 3 R&D centers About this Report 48 OUR WORLD Firmenich operates in three business divisions: Ingredients, Fragrances and Flavors. • The Ingredient Division designs natural and synthetic perfumery and flavoring ingredients. This division was the first created 120 years ago. • The Fragrance Division creates home care, body care and fine fragrances featuring Firmenich molecules and raw materials bought from suppliers. • The Flavor Division crafts flavors used in Sweet Goods, Beverages, and Savory Products. Firmenich’s Flavor Division aims to capture and capitalize on the continued consumer demand for healthier products. As a supplier to the world’s largest consumer goods companies and to a multitude of regional and local customers, Firmenich’s environmental footprint and governance standards matter to our customers. -
Annual Report 2011 Contents
Annual Report 2011 Contents Overview Sustainable business model 2 Financial highlights 46 Sustainable business model 3 Distinct capabilities 46 – Compliance 4 Our business 47 – Shareholders (2011) 6 Key events of the year 48 – Customers 8 Chairman’s letter 49 – Our people 10 Chief Executive’s review 52 – Suppliers Strategy 52 – Supply chain 53 – Information technology 16 Developing markets 53 – Environment, Health and Safety (EHS) 18 Research and Development 55 – Risk management 26 Health and Wellness 57 – Regulatory 28 Sustainable sourcing of raw materials 30 Targeted customers and segments Corporate governance Performance 60 Corporate governance 60 – Group structure and shareholders 34 Business performance 61 – Capital structure 36 Fragrance Division 62 – Board of Directors 37 – Fine Fragrances 72 – Executive Committee 38 – Consumer Products 75 – Compensation, shareholdings and loans 39 – Fragrance Ingredients 75 – Shareholders’ participation 39 – Research and Development 76 – Change of control and defence measures 40 Flavour Division 77 – Auditors 41 – Asia Pacific 77 – Information policy 42 – Europe, Africa, Middle East (EAME) 78 Compensation report 43 – North America 43 – Latin America Financial report 43 – Research and Development 87 Financial review 90 Consolidated financial statements 95 Notes to the consolidated financial statements 145 Report of the statutory auditors on the consolidated financial statements 146 Statutory financial statements of Givaudan SA 148 Notes to the statutory financial statements 152 Appropriation of available earnings of Givaudan SA 153 Report of the statutory auditors on the financial statements Our Brand: Engaging the Senses Introduction As the leading company in the fragrance and flavour industry, Givaudan develops unique and innovative fragrance and flavour creations for its customers around the world. -
2020 Governance, Compensation and Financial Report Ements
Governance, Compensation and Financial Report 2020 Governance, Compensation Governance report and Financial Report As part of our reporting suite, this stand-alone document contains the full details of our governance and compensation policies as well as the details of our financial performance. Compensation Compensation report An overview can be found in the Integrated Annual Report. Consolidated Consolidated report financial Statutory report financial Table of contents 3 Governance report 22 Compensation report 38 Consolidated financial report 102 Statutory financial report Appendix 114 Appendix Governance Report In this section 4 Group structure and shareholders 5 Capital structure 7 Board of Directors 16 Executive Committee 19 Compensation, shareholdings and loans 19 Shareholders’ participation 20 Change of control and defence measures 20 Auditors 21 Information policy Givaudan – 2020 Governance, Compensation and Financial Report 4 Corporate governance Governance report Ensuring proper checks and balances 1. Group structure and shareholders The Governance report is aligned with 1.1 Group structure 1.1.1 Description of the issuer’s operational Group structure international standards and has been prepared Givaudan SA, the parent company of the Givaudan Group, with its registered corporate headquarters at 5 Chemin de la Parfumerie, 1214 Vernier, Switzerland (‘the Company’), is a in accordance with the ‘Swiss Code of Obligations’, ‘société anonyme’, pursuant to art. 620 et seq. of the Swiss Code of Obligations. It is listed on Compensation Compensation report the ‘Directive on Information Relating to the SIX Swiss Exchange under security number 1064593, ISIN CH0010645932. Corporate Governance’ issued by the SIX Swiss The Company is a global leader in its industry. Givaudan operates around the world and has two principal businesses: Taste & Wellbeing and Fragrance & Beauty, providing customers Exchange and the ‘Swiss Code of Best Practice for with compounds, ingredients and integrated solutions. -
New Launches News
the scent post A MONTHLY UPDATE ON THE LATEST FRAGRANCE NEWS new launches top new videos poison girl roller pearl | DIOR les merveilleuses ladurée arizona coco mademoiselle intense english fields LADURÉE PROENZA SCHOULER CHANEL JO MALONE NEW FRAGRANCE NEW FRAGRANCE RANGE EXTENSION LIMITED EDITION news arizona | PROENZA SCHOULER elevator music hermè s creates a sense of miller harris’ concept meta cacti the fragrance created by ritual around its scents store heightens the by chiaozza byredo and off-white senses in canary wharf x régime des fleurs x | brrch floral coco mademoiselle edp intense CHANEL FRAGRANCE NEWS hermessence Hermès creates a sense of ritual around its scents Fashion house Hermès is expanding its perfume offering with a new range consisting of eaux de toilette and essences de parfum scents. Part of its Hermessence collection, the oil-based essences de parfum mark a departure for the brand, which has until now only created the lighter eaux de toilette. Intended to be worn either as a base for other fragrances or on their own, the fragrances add an additional layer to the ritual of putting on perfume, an idea explored in the Multisensory Beauty microtrend. The musk-based scent profiles, Cardamusc and Musc Pallida, draw on cardamom and iris oils, both of which are known for their wellness properties, including use as a decongestant. In line with Psychoactive Scents, as the wellness and beauty sectors become increasingly entwined, brands are exploring new ways to combine the properties of essential oils with high-end scents. FRAGRANCE NEWS miller harris’ concept store heightens the senses A very vibrant force has landed in Cabot Place, Canary Wharf. -
2017 Annual Report Partnering for Shared Success 2017 Annual Report 2017
2017 Annual Report Partnering for shared success 2017 Annual Report 2017 Givaudan – 2016 Annual Report Givaudan at a glance Givaudan at a glance Our business in 2017 million 109Locations worldwide 46Production sites 424R&D spend 11,170Full time employees Sales in North America CHF 1,352 million Production sites 9 Employees 2,231 Annual sales in mature markets Sales in Latin America CHF 618 million % Production sites 57 6 Employees 1,471 Flavour Division We make life taste delicious Sweet% goods Beverages% Confectionery Soft drinks We are dedicated to expanding the world’s expression through Baked goods Fruit juices flavours by bringing moments of delight with delicious flavour Sugar confectionery Instant beverages and taste experiences. Our customers – global, international, Chocolate Total 54% Chewing gum regional and local – are in the food and beverage industry and of Group sales span across key segments including beverages, sweet goods, savoury, snacks and dairy. We explore the globe for ingredients, innovate to bring our customers unique propositions, and Dairy % Savoury delight millions of consumers around the world. Ice cream and yoghurt % Ready-made meals Desserts Snacks Yellow fats (margarines) www.givaudan.com – our company – about Givaudan Soups and sauces Meat and poultry Disclosure 102 – 6, 102 – 7 Givaudan – 2017 Annual Report million emissions score ‘A Sense of Tomorrow’ 19.2Hours worked safely GHGScience-based targets for 2030 CDPLeadership level A A new sustainability approach Sales in Europe, Africa and Middle East CHF 1,723 million Production sites 18 Employees 4,819 Annual sales in high growth markets Sales in Asia Pacific CHF 1,358 million Production sites 13 43% Employees 2,649 Fragrance Division We live to perfume life Fragrance% Ingredients Fine F%ragrances and Active Beauty Signature fragrances The artistry of our perfumers encompasses a myriad of scented Line extensions stories for brands everywhere. -
Table of Contents
Table of Contents Foreword Letter from the Chairman 4 Letter from the CEO 6 Fragrance Division 9 Fine Fragrances 11 Consumer Products 12 Fragrance Ingredients 13 Flavour Division 15 Asia Pacific 16 North America 17 Europe, Africa and Middle East 17 Latin America 17 Research and Development 19 Fragrances 21 Flavours 22 Corporate Activities and Organisation 25 GivaudanAccessTM 26 Safety and Environmental Protection 27 Human Resources 28 Corporate Governance 30 Givaudan Securities 35 Financial Review 38 Consolidated Financial Statements 39 Consolidated Income Statement 39 Consolidated Balance Sheet 40 Consolidated Statement of Changes in Equity 41 Consolidated Cash Flow Statement 42 Notes to the Consolidated Financial Statements 43 Report of the Group Auditors 71 Pro forma Condensed Consolidated Income Statement (unaudited) 72 Pro forma Condensed Consolidated Income Statement 72 Notes to the Pro forma Condensed Consolidated Income Statement 73 Statutory Financial Statements of Givaudan SA 74 (Group Holding Company) Income Statement 74 Balance Sheet 75 Notes to the Financial Statements 76 Appropriation of Available Earnings of Givaudan SA 78 Report of the Statutory Auditors 79 Givaudan World-wide 81 Givaudan - Annual Report 2001 1 Traveller’s Tree The endemic Ravenala madagascariensis has been named the Traveller’s Tree because around one litre of water is accumulated in each leaf base. This water is very useful for travellers in an emergency; and if you are in such a situation and have to cut one of the stalks at the base with your machete, you may additionally enjoy a refreshing green and somewhat floral scent. It is said that a traveller in need, standing in front of the tree and making a wish, will have this wish fulfilled. -
Male Fragrances That Evoke a Feral Growl, Full-Blown Tempests Or The
A WHIFF OF DANGER Male fragrances that evoke a feral growl, full-blown tempests or the swaggering brio of ancient Rome are a bullseye for those who embrace their masculinity, says Lucia van der Post. Photograph by Omer Knaz he first scent I ever truly fell in love with was Schiaparelli’s Shocking, made by the great Jean Carles, and I came across it because my father wore it. I still remember the shock of pleasure when that first light floral note hit me, then the sense of surprise as the herbs, sandalwood and honey began to emerge, and finally it became sexier and more earthy as the oakmoss and what I now know Tto be civet took over. I remember, too, old-fashioned child that I was, that I thought it strange that my markedly heterosexual father wore a scent that seemed so voluptuous and so clearly aimed at women. Today, nobody would think anything of it. Speak to connoisseurs of perfume and as one they reject the notion of male and female scents. As Roja Dove, éminence grise of the perfume world, puts it: “For years floral notes were associated with feminine perfumes and – since men were considered strutting, predatory things – woody, mossy, earthy materials were linked with masculine ones, but the boundaries nowadays have become much more blurred. A rose, after all, has neither a penis nor a vagina – a rose on a man is a masculine rose, a rose on a woman is a feminine rose.” Violet, a note that one would have thought was largely feminine, was much beloved by Italian dandies in the late 19th and early 20th centuries, and it was an overdose of violet that made Geoffrey Beene’s Grey Flannel (£45 for 60ml EDT, to which much-respected perfume scholar Luca Turin awards five stars, calling it “a masterpiece”) such a success when it was launched in Clockwise from far left: 1975. -
Download ATELIER, Our Brand Collection
ATELIER _ our Brand Portfolio Acqua dell’Elba is the Essence of the Sea. Its uniqueness lies in the creation of artisan fragrances inspired by the sea in one of the most beautiful island of the Mediterranean Sea. Each product is created by expert Tuscan craftsmen using natural raw materials of the highest quality. Acqua dell’Elba is a family-run artisan fragrance house from Tuscany, started 18 years ago in Marciana Marina. It has a network of 28 branded retail outlets: 19 on Elba Island and 9 further stores located in some of Italy’s most beautiful destinations (Florence, Rome, Siena, Lucca, Como, Venice and Palermo). It has also developed a network of over 580 independent perfumeries across Italy that stock the products. Argan History Imagine walking in a semi-desert place, where dry winds blow and the earth breaks due to the lack of water. This is where Argan plants grow. With wide and rounded crowns, dark green and leathery leaves, gnar- led trunks, these incre- dible trees survive the difficult conditions of the Souss plain, giving life to a precious fru- it, whose oil has sur- prising properties. Even today, Argan berries are harvested by the expert hands of Berber women, who extract oil in a traditional way, through a very ancient process. Pure Argan oil is a rare and precious ingredient, a beauty ritual handed down for centuries for the care and rejuvena- tion of skin and hair. Argan Beneficial Properties Extremely rich in vitamin A, vitamin E, Omega-6 and anti- oxidants, Argan oil has always been known for its nutritional and moisturizing properties. -
Perfume Engineering Perfume Engineering Design, Performance & Classification
Perfume Engineering Perfume Engineering Design, Performance & Classification Miguel A. Teixeira, Oscar Rodríguez, Paula Gomes, Vera Mata, Alírio E. Rodrigues Laboratory of Separation and Reaction Engineering (LSRE) Associate Laboratory Department of Chemical Engineering Faculty of Engineering of University of Porto Porto, Portugal P. Gomes and V. Mata are currently at i-sensis company S. João da Madeira, Portugal AMSTERDAM • BOSTON • HEIDELBERG • LONDON NEW YORK • OXFORD • PARIS • SAN DIEGO SAN FRANCISCO • SINGAPORE • SYDNEY • TOKYO Butterworth-Heinemann is an imprint of Elsevier Butterworth-Heinemann is an imprint of Elsevier The Boulevard, Langford Lane, Kidlington, Oxford, OX5 1GB, UK 225 Wyman Street, Waltham, MA 02451, USA First published 2013 Copyright r 2013 Elsevier Ltd. All rights reserved No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage and retrieval system, without permission in writing from the publisher. Details on how to seek permission, further information about the Publisher’s permissions policies and our arrangement with organizations such as the Copyright Clearance Center and the Copyright Licensing Agency, can be found at our website: www.elsevier.com/permissions This book and the individual contributions contained in it are protected under copyright by the Publisher (other than as may be noted herein). Notices Knowledge and best practice in this field are constantly changing. As new research and experience broaden our understanding, changes in research methods, professional practices, or medical treatment may become necessary. Practitioners and researchers must always rely on their own experience and knowledge in evaluating and using any information, methods, compounds, or experiments described herein. -
United States Patent (19) 11 Patent Number: 5,792,740 Mimoun Et Al
IIIUSOO5792740A United States Patent (19) 11 Patent Number: 5,792,740 Mimoun et al. 45) Date of Patent: Aug. 11, 1998 (54) FRAGRANT MACROCYCLIC LACTONES S. Schreiber, "Fragmentation Reactions of ol-Alkoxy Hydroperoxides and Application to the Synthesis of the (75) Inventors: Hubert Mimoun, Challex, France; Macrollide (E)-Recifeiolide". J. Am. Chen, Soc., vol. 102 Pierre-Alain Blanc, Crassier, (1980), pp. 6163-6165. Switzerland S. Schreiber et al., "Iron/Copper Promoted Fragmentation Reactions of o-Alkoxy Hydroperoxides". Tetrahedron, vol. 73) Assignee: Firmenich SA. Geneva, Switzerland 42 (1986), pp. 2945-2950. J. Becker et al. "Eine neuartige Fragmentierung bicyclis (21) Appl. No.: 811,991 cher Enolather Verfahren zur Darstellung macrocyclischer 22 Filed: Mar. 5, 1997 Lactone". Hely. Chim. Acta, vol. 54 (1971), pp. 2889–2895. (51) int. Cl. ......................... A61K 7/46 Primary Examiner-James H. Reamer (52) U.S. C. ........................ 512/11; 252/174.11; 252/8.6: Attorney, Agent, or Firm-Pennie & Edmonds LLP 424/76.4; 549/266 58) Field of Search ......................... 512/11; 252/174.11. 57 ABSTRACT 252/8, 6; 424/76.4; 549/266 Perfuming ingredients which include at least one macrollide of formula (56) References Cited U.S. PATENT DOCUMENTS 3,856,815 12/1974 Hopp et al. ............... ............. 260/333 3,890,353 6/1975 Becker .................. O 260/343 5,266,559 1/1993 Frankhauser et al. ... 512/11 5,354,735 10/1994 Demole et al. ........ ... 512/8 FOREIGN PATENT DOCUMENTS having a double bond in one of the positions indicated by the O 424787 10/1996 European Pat. Off. ................. 512/11 dotted lines and wherein the symbol R represents a hydrogen 1436465 12/1995 Russian Federation ................ -
Fragonard Magazine N°9 - 2021 a Year of PUBLICATION DIRECTOR and CHIEF EDITOR New Charlotte Urbain Assisted By, Beginnings Joséphine Pichard Et Ilona Dubois !
MAGAZINE 2021 9 ENGLISH EDITORIAL STAFF directed by, 2021, Table of Contents Agnès Costa Fragonard magazine n°9 - 2021 a year of PUBLICATION DIRECTOR AND CHIEF EDITOR new Charlotte Urbain assisted by, beginnings Joséphine Pichard et Ilona Dubois ! ART DIRECTOR Claudie Dubost assisted by, Maria Zak BREATHE SHARE P04 Passion flower P82 Audrey’s little house in Picardy AUTHORS Louise Andrier P10 News P92 Passion on the plate recipes Jean Huèges P14 Laura Daniel, a 100%-connected by Jacques Chibois Joséphine Pichard new talent! P96 Jean Flores & Théâtre de Grasse P16 Les Fleurs du Parfumeur Charlotte Urbain 2020 will remain etched in our minds as the in which we all take more care of our planet, CELEBRATE CONTRIBUTORS year that upturned our lives. Yet, even though our behavior and our fellow men and women. MEET P98 Ten years of acquisitions at the Céline Principiano, Carole Blumenfeld we’ve all suffered from the pandemic, it has And especially, let’s pledge to turn those words P22 Musée Jean-Honoré Fragonard leading the way Eva Lorenzini taught us how to adapt and behave differently. into actions! P106 A-Z of a Centenary P24 Gérard-Noel Delansay, Clément Trouche As many of you know, Maison Fragonard is a Although uncertainty remains as to the Homage to Jean-François Costa a familly affair small, 100% family-owned French house. We reopening of social venues, and we continue P114 Provence lifestyle PHOTOGRAPHERS enjoy a very close relationship with our teams to feel the way in terms of what tomorrow will in the age of Fragonard ESCAPE Olivier Capp and customers alike, so we deeply appreciate bring, we are over the moon to bring you these P118 The art of wearing perfume P26 Viva România! Eva Lorenzini your loyalty. -
Free Agent | BEAUTY INC
@ g-s-, ffi After a hishlv public breaku reed, marketer Lagrice Rahmd ^Bfffinair"bi.f,iii"thdis back in"thd driverbdriver's seats-eai witffirwi lateqtJenture, Bond No. 9. Wood Photographs by David Turner Scorched earth: Love her or loathe her, fewwould argue serve her ultradiscerning target market. is that it gives that Laurice Rahmd has left a trail of it in her wake. "The simple definition of a niche brand Idealistic, famously blunt and possessed of a fiery temper' the consumer choices-as many as possible," Rahmd says NoHo the fragrance industry veteran freely admits to having over a cup of tea at Bond's 3,000-square-foot us' but even with accrued a few enemies over the course ofher storied 30- flagship. "People do buy a wardrobe with have one for yeat career. 30,40 or even 50 fragrances, you still won't But here's the catch: Her admirers are legion' And with everyone. So the more the better." what her her latest venture-the Manhattan-centric Bond No.9 Of equal importance to Rahmd is determining brand-even Rahm6's detractors have to concede she's customers dorlt want. "We always hear consumers say,'I does knocked one clear out of Central Park. In fact, from just hate to be attacked by spritzers,'yet everybody still it' and the about any vantage point-the $6 million volume, the It's because the industry hasn't found another way, 'If multiple FiFiAward nominations or the aggressive growth competition is so great that there's this feeling of I don t plan-the three-year-old brand looks like a certifiable hit.