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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. -
The Senses in Early Modern England, 1558–1660
5 Seeing smell Holly Dugan In January 2013, the Institute for Art and Olfaction commissioned graphic artist Micah Hahn and his design studio AutumnSeventy to create a series of prints on perfumery to commemorate its opening in Los Angeles.1 The result was Molecules, Series 1, which depicts three of the most influential molecules that defined twentieth-century perfumery – aldehyde C12, Iso E Super®, and Galaxolide.2 Gilded and embossed, the prints emphasize the chemical structure of these molecules, even as it renders them as fine art. That the prints are also lightly scented with each aromachemical depicted on it emphasizes the broader, and one might say synaesthetic, take on the mission of the institute: to connect fineart with olfaction. Although it is a visual representation of molecules that define modern perfumery, Molecules, Series 1 thus joins a long art historical tradition of cross-modal representations of sensation, particularly smell. Can a molecule be considered fine art? And, if so, which representation of that molecule best captures its olfactory beauty and renders it ‘visible’? Consider, for example, Hahn’s Galaxolide (Figure 3). It playfully invokes a wide variety of sensory modes to capture the aesthetic of Galaxolide. The print highlights both its chemical formula – C18H26 O – and its structural formula. Both are linked to its cultural associations with perfumery and public health. Galaxolide is a second-generation polycyclic synthetic musk, discovered in the 1960s, meant to synthesize the natural scent of deer musk. Translated into the language of public health, it is a hydrophobic but lipophilic ‘toxin’: it won’t wash off in water and is easily stored in human fat.3 Rendered into the language of commercial perfumery, however, it smells ‘clean’, a ‘musky, flowery, woody odor’ with a ‘sweet, powdery nuance’.4 Both its scent and its structure made it ideal for use in laundry detergents and soaps. -
Perfume and Pomanders : Scent and Scent Bottles Through the Ages Pdf, Epub, Ebook
PERFUME AND POMANDERS : SCENT AND SCENT BOTTLES THROUGH THE AGES PDF, EPUB, EBOOK E. Launet | 212 pages | 24 Sep 1999 | Potterton Books Publishing | 9781870599016 | English | Thirsk, United Kingdom Perfume and Pomanders : Scent and Scent Bottles through the Ages PDF Book You are commenting using your WordPress. Eau de cologne containing rosemary, bergamot and bitter orange. Glass is a brittle solid compound composed of silica, sand, soda and lime. I just love perfume bottles but had no idea of the long history. This revolutionised the industry since mass production was possible. War: gunpowder, horses, wet earth, anxiety sweat, leather. This work called for a high degree of skill. Some have argued that the glass industry of Venice did not emerge as a result of the Mesopotamian, Phoenician and Roman influence, but developed independently. The technique of glass-blowing was invented in Syria in the first century BC. Examples of perfume bottles drawn principally from the Schwarzkopf collection in Steinhorst. During the Middle Ages, people became afraid of drinking water for fear of an epidemic. Ziolkowsky GmbH The topper is a simple, dark blue triangular shape. These were openwork metal balls that could be filled with various combinations of aromatics that varied according to recipe, availability, and budget. I have loved perfumes since I was a little girl and I have a pretty substantial collection. Lichtenberger, Marianne Due gocce di profumo Milano: Idealibri England, in particular, produced unique glass perfume bottle decorated with enamelling and often gilded. Date To visit an English town in the late fourteenth century is a bewildering and extreme sensory experience. -
Boss Bottled HUGO BOSS Coty 1998 0,7 5 Woody Fruity
P e r fu m e your world RANKING P e r fu m e your world UNISEX 66,1 million € WOMEN + 19,1% vs 2016 MEN 887,8 million € 574,7 million € + 5,2 % vs 2016 + 3,9% vs 2016 TOTA 1.53 milliard € in 2017 + 5.3% vs 2016 2 FINE P e r fu m e your world YEAR OF MARKET RANKING OLFACTIVE OLFACTIVE RANKING PERFUME BRAND GROUP LAUNCH SHARE (%) 2016 FAMILY SUB-FAMILY Coco 1 CHANEL Chanel 2001 4,2 1 Chypre Fruity Mademoiselle 2 Chanel N°5 CHANEL Chanel 1921 2,4 2 Floral Aldehydic YVES SAINT 3 Black Opium L’Oréal 2014 2,1 5 Floriental Ambery LAURENT La Vie est 4 LANCÔME L'Oréal 2012 2,1 4 Floriental Woody Belle 5 Lady Million PACO RABANNE Puig 2010 2,0 3 Floriental Edible 6 Alien MUGLER Clarins 2005 1,7 6 Floral Woody 7 J'adore CHRISTIAN DIOR LVMH 1999 1,6 7 Floral Fruity 8 Gabrielle CHANEL Chanel 2017 1,5 NEW Floral Green 9 Diamonds EMPORIO ARMANI L’Oréal 2007 1,4 9 Floriental Fruity 10 Olympéa PACO RABANNE Puig 2015 1,3 8 Floriental Green 11 Miss Dior CHRISTIAN DIOR LVMH 2005 1,3 25 Chypre Fruity 12 Si ARMANI L’Oréal 2013 1,2 14 Chypre Fruity 13 Daisy MARC JACOBS Coty 2007 1,2 13 Floral Fruity 14 Angel MUGLER Clarins 1992 1,1 11 Oriental Edible 15 Bamboo GUCCI Coty 2015 1,0 10 Floral Spicy 4 P e r fu m e your world YEAR OF MARKET RANKING OLFACTIVE OLFACTIVE RANKING PERFUME BRAND GROUP LAUNCH SHARE (%) 2016 FAMILY SUB-FAMILY 16 Flowerbomb VIKTOR & ROLF L’Oréal 2005 1,0 15 Floral Oriental 17 Coco CHANEL Chanel 1984 1,0 17 Floriental Spicy 18 Chance CHANEL Chanel 2002 0,9 18 Chypre Floral 19 Scandal JEAN PAUL GAULTIER Puig 2017 0,9 NEW Oriental Edible 20 -
University of Cincinnati
UNIVERSITY OF CINCINNATI Date: August 13, 2006. I, Grettel Zamora-Estrada , hereby submit this work as a part of the requirements of the degree of: Master of Science (M.S.) . in: Pharmaceutical Sciences . It is entitled: Partitioning of Perfume Raw Materials in Conditioning Shampoos using Gel Network Technology________________________________________ ty . This work and its defense approved by: Chair: Gerald B. Kasting, Ph. D. _____________ R. Randall Wickett, Ph.D. Eric S. Johnson, Ph.D. Kevin M. Labitzke, A.S. _ . Partitioning of Perfume Raw Materials in Conditioning Shampoos using Gel Network Technology by Grettel Zamora-Estrada A dissertation proposal synopsis Submitted in partial fulfillment Of the requirements for the degree of M.S. Pharmaceutical Sciences University of Cincinnati College of Pharmacy Cincinnati, Ohio July 23, 2006 ii ABSTRACT Gel network technology in conditioning shampoo represents an advantage over traditional silicone 2-in-1 technology due to its main benefits: dry conditioning, wet feel and lower cost. The purpose of this study was to do a proof of principle investigation and to study the main factors that affected partitioning of PRMs into the gel network system shampoos and determine the effect that perfume incorporation had on the shampoo stability of the different formulations . Gel network premixes (literally a conditioner) were formulated then incorporated into a standard shampoo base. Changes in formulation of the gel network such as chain length of fatty alcohols and fatty alcohol ratios were done and its effect on stability and perfume migration studied. A technical accord with 25 PRMs with a very wide range of physical properties was used as a marker. -
Certificate of Conformity with Ifra Standards
Page 1 ( 3 ) Issue date: 19/11/2020 Version: 1 (14/08/2020) CERTIFICATE OF CONFORMITY WITH IFRA STANDARDS This Certificate assesses the conformity of the fragrance mixture with IFRA Standards and provides restrictions for use as necessary. It is based only on those materials subject to IFRA Standards for the toxicity endpoints described in each Standard. This Certificate does therefore not replace a comprehensive safety assessment of the fragrance mixture. CERTIFICATE DELIVERED TO: JUSTASOAP SCOPE OF THE CERTIFICATE: COOL ANGEL FRAGRANCE OIL (RL) COMPULSORY INFORMATION: We certify that the above mixture is in compliance with the Standards of the INTERNATIONAL FRAGRANCE ASSOCIATION (IFRA), up to and including the 49th Amendment to the IFRA Code of Practice (published January 2020), provided it is used in the following categories at a maximum concentration level of: IFRA Categories [see Annex 1 below for details] Maximum Level of use (%) IFRA Category 1 Not approved IFRA Category 2 3.93% IFRA Category 3 1.73% IFRA Category 4 53.33% IFRA Category 5A 17.33% IFRA Category 5B 3.42% IFRA Category 5C 3.42% IFRA Category 5D 1.15% IFRA Category 6 Not approved IFRA Category 7A 3.42% IFRA Category 7B 3.42% IFRA Category 8 1.15% IFRA Category 9 6.66% IFRA Category 10A 6.66% IFRA Category 10B 27.55% IFRA Category 11A 1.15% IFRA Category 11B 1.15% IFRA Category 12 Not limited For other kinds of application or use at higher concentration levels, a new evaluation can be needed; please contact Just a Soap. ADDITIONAL INFORMATION ABOUT INGREDIENTS Information -
Oil Extraction and Perfume Formulation from Plants: a Review
International Journal of Research and Review www.ijrrjournal.com E-ISSN: 2349-9788; P-ISSN: 2454-2237 Review Article Oil Extraction and Perfume Formulation from Plants: A Review S. J. Kulkarni Datta Meghe College of Engineering, Airoli, Navi Mumbai, Maharashtra, India. Received: 21/10/2016 Revised: 16/11/2016 Accepted: 16/11/2016 ABSTRACT Perfume industries are growing in demand as the living standards are improving day by day. There is increasing demand for perfumes. They mask the body odor. Various methods such as solvent extraction, hydro distillation and enfleurag can be used for oil extraction. Distillation based recovery processes such as steam and vacuum distillation are preferred for the extraction of essential oils from plant materials. Other methods include solvent extraction, expression or enfleurage. The current review summarizes research on various methods for oil extraction and perfume formation from various raw materials. Key words: Distillation, extraction, yield, essential oil, solvent. INTRODUCTION and animal substances are traditionally used Fragrance oil(s) are also known as for perfume formation. Essential oils, pure aroma oils, aromatic oils, and flavor oils. grain oil and water are three key ingredients They are synthetic aroma compounds or in relation to perfume making. Essential natural essential oils that are diluted with a oils, or volatile oils, are found in many carrier like propylene glycol, vegetable oil, different plants. Investigations are reported or mineral oil. Perfume is a mixture of on oil extraction by distillation for fragrant essential oils or aroma compounds, modification and optimization. [1,2] Various fixatives and solvents. It gives a pleasant analytical and physical aspects have been scent to the human body, animals, food, investigated by various investigators. -
Arranging Fine Perfume Compositions the Fougere & Lavender’S
Arranging Fine Perfume Compositions The Fougere & Lavender’s Glen O. Brechbill Fragrance Books Inc. www.perfumerbook.com New Jersey - USA 2011 Fragrance Books Inc. @www.perfumerbook.com Glen O. Brechbill “To my late father and beloved mother without them non of this work would have been possible” II ARRANTING FINE PERFUME COMPOSITIONS - THE FOUGERE LAVENDER’S © This book is a work of non-fiction. No part of the book may be used or reproduced in any manner whatsoever without written permission from the author except in the case of brief quotations embodied in critical articles and reviews. Please note the enclosed book is based on Fragrance Ingredients by House ©. Designed by Glen O. Brechbill Library of Congress Brechbill, Glen O. Arranging Fine Perfume Compositions - The Fougere Lavender’s / Glen O. Brechbill P. cm. 626 pgs. 1. Fragrance Ingredients Non Fiction. 2. Written odor descriptions to facillitate the understanding of the olfactory language. 1. Essential Oils. 2. Aromas. 3. Chemicals. 4. Classification. 5. Source. 6. Art. 7. Twenty one thousand fragrances. 8. Science. 9. Creativity. I. Title. Certificate Registry # TXu1 - 364 - 187 Copyright © 2006 by Glen O. Brechbill All Rights Reserved PRINTED IN THE UNITED STATES OF AMERICA 10 9 8 7 6 5 4 3 2 1 First Edition Fragrance Books Inc. @www.perfumerbook.com Arranging Fine Perfume Compositions - THE FOUGÈRE & LAVENDER’S About the Book The fougère & lavender's is another favorite fragrance family. Originally this concept was intended for Women. However due to the strength of lavender a major component of this family it ended up as a masculine fragrance concept. -
Perfumery in Ancient Greek and Roman Societies
Perfumery in Ancient Greek and Roman Societies erfumery dates back at least 5,000 years, with origins Pin ancient Mesopotamia, Egypt, and Indus Valley culture. The techniques were further refined in the Bronze Age Mediterranean: Minoan records detail oil deliveries for perfumers while Mycenaean tablets also mention perfume manufacture. Later Greek and Roman sources are more specific about perfumes, though the terminology can be somewhat confusing, if not contradictory. Theophrastos (ca. 270–285 BCE; On Odors), Pliny the Elder (23–79 CE; Natural History), and Dioskourides (ca. 40–90 CE; On Medical Material) all covered the subject, in some capacity. Archaeology reveals further evidence, and both religious and funerary contexts can be rich in perfume bottles. The perfume workshop at Pyrgos on Cyprus, excavated in 2003, is among the oldest, dating to ca. 1850 BCE. —Text by Benton Kidd Curator of Ancient Art I. Uses All evidence indicates that perfumery was a thriving industry in antiquity, and one integral to many aspects of ancient culture. Purchases and donations of perfumes for religious sanctuaries were not uncommon, and literary references imply that temples were kept fragrant to placate the gods. Perfumed oils and tree saps, such as myrrh and balsam, could also burn like incense. A temple to Athena at Elis, near Olympia, was said to have had saffron mixed into its wall plaster, and thus the temple’s interior was still fragrant 500 years later. In addition to fragrance, some perfumes also had medicinal properties, such as the celebrated “Balm of Gilead,” a balsam that ostensibly remedied a multitude of ailments and even functioned as an abortifacient. -
Annual Report 2007
07ANNUAL REPORT 2007 To Be The Prefered Partner For Tasty And Healthy Success Dear Shareholder, We are pleased to report Frutarom’s results and achievements for 2007, a year in which we continued the implementation of our rapid growth strategy, combining strong organic growth in core activities with acquisitions, while realizing our ambitious goals. In accordance with a strategic plan presented three years ago, we have succeeded in again doubling Frutarom's revenues. Frutarom's sales exceeded the US$ 300 million threshold to total US$ 368 million for 2007. In proforma terms (assuming the acquisitions made during the year had been entirely consolidated with Frutarom's results as of January 1, 2007), our Proforma sales, on an ongoing basis, total US$ 431 million. Frutarom is now firmly established as one of the top ten flavor and fragrance companies in the world. Sales grew by 28.2% to US$ 368 million while Frutarom continued to achieve double digit organic internal growth, substantially higher than the rate experienced by our industry. Gross profit rose by 23.5% to US$ 131 million. Operating profit was US$ 34.5 million and net profit US$ 24.2 million. These excellent results were achieved in a challenging business environment which, as opposed to the past, has been characterized by continued price rises in raw materials used in Frutarom’s production. Price increases have been much greater for many natural ingredients, which make up the majority of ingredients used by Frutarom. To ensure further improvement in future margins, Frutarom continually seeks to raise the selling prices of our products to ensure our future profitability.