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The European Commission has fined International Flavors & Fragrances Inc. and International Flavors & Fragrances IFF France SAS (together "IFF") €15.9 million ($17 million) for obstructing a Commission inspection in 2023. The Commission found that during the inspection, a senior employee of IFF intentionally deleted WhatsApp messages exchanged with a competitor.
— Read more in IFF Fined €15.9 Million For Obstructing Investigation Into Suspected Fragrance Cartel at Beautymatter.
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A prospective class action filed in a New Jersey, US court last week has become the latest case mounted against fragrance giants Givaudan, Firmenich, International Flavors & Fragrances (IFF) and Symrise.
The lawsuits follow the announcement of investigations by antitrust authorities in Switzerland, Europe, the UK and the US into suspected pricing collusion earlier this year.
— Read more in Lawsuits mount against Givaudan, Firmenich, IFF and Symrise amid fragrance antitrust investigation at Cosmetics Business.
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Shares in Givaudan and Symrise were hammered today after the Swiss antitrust agency named them as part of a quartet of companies in the crosshairs of international competition watchdogs.
Swiss competition commission COMCO said its probe was targeting market leaders Givaudan, domestic rival Firmenich, which is merging with Dutch chemicals group DSM, US-based International Flavors & Fragrances and Germany's Symrise.
— Read more in Switzerland joins global cartel probe into $5-billion fragrance market at RTE, or see Fragrance firms hit by price cartel probe at AFP via Yahoo.
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Geza Schoen, Founder and Perfumer behind the cult brand Escentric Molecules, cites an ecological awareness as directing the industry towards upcycling: ‘perfume houses like the IFF have come up with a range of fascinating new products, i.e. a coca-based raw material that uses the shells of the fruit that have been thrown away.’ Similarly Isabelle Lewenhaupt, founder of Bjork and Berries, says that ‘all of our eau de perfumes contain organic fermented alcohol, which is made from organic food waste such as sugarbeets.’
— Read more in How fragrance has unleashed the power of nature at Marie Claire UK.
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We have moved pretty far away from the superficial, social role that fragrance has had over the last 200 years. Scent has gone back to being used, as it was thousands of years ago, for health and healing; people are expecting much more from it. Over the last two years, 80% of the people we’ve surveyed have said they want emotional and physical benefits from scent; they are using it as a wellness provider.
— Psychologist Dr Céline Manetta of International Flavors & Fragrances, quoted in The importance of fragrance after the pandemic at Good Housekeeping.