Latest news with #JuanRamónLópezGil
Fashion Value Chain
06-05-2025
- Business
- Fashion Value Chain
Eurofragance Hits €180M in Sales with 27% Growth in 2024
Spanish fragrance manufacturer Eurofragance reported a record €180 million in like-for-like sales for 2024, reflecting a robust 27% year-on-year growth. The company's strategic investments, strong regional performances, and innovation-driven portfolio contributed to this surge across all categories and geographies. CFO Juan Ramón López Gil attributed the milestone to focused strategy and team dedication, while Chief Market Officer Joan Pere Jimenez highlighted growth in fast-developing markets like UAE, Saudi Arabia, India, Indonesia, and Turkey. Growth was notable across product lines, with Fine Fragrance up 28% and Home & Personal Care rising 20%. Strategically, Eurofragance expanded its footprint with a new creative center in Mumbai, boosted its workforce by 15%, and launched Euphorion™, a fresh addition to its ICON Captives synthetic ingredients line. CEO Laurent Mercier emphasized that investment in talent, innovation, and proprietary ingredients continues to secure Eurofragance's global leadership. On the sustainability front, the company earned EcoVadis Platinum and participated in inclusion and health initiatives, receiving accolades like the VPC Green Beauty Silver Award. With continued emphasis on sustainability, innovation, and talent development, Eurofragance is well-positioned for long-term global expansion.
Mint
02-05-2025
- Business
- Mint
Eurofragance Strengthens Market Position with €180M in Sales for 2024
Sales up 27% like-for-like versus 2023 All categories and regions experienced healthy growth Investments in infrastructure and innovations fueled global expansion Spanish fragrance house Eurofragance releases its financial results for 2024, showing unprecedented growth. With a 27% sales increase reaching €180 million like-for-like, the company continues to build on its strong upward trajectory year after performance underscores Eurofragance's strategic focus and commitment to excellence across all regions and product categories. Juan Ramón López Gil, the company's CFO, says: "Achieving €180 million in sales is a testament to our initiatives and the dedication of our teams. Each region's contribution has been instrumental in achieving these results and our financial discipline and focused strategies will continue to drive our success.' Widespread Expansion Across Categories and Regions Eurofragance's results were driven by strong performances in key regions and product categories. All regions experienced a significant increase, with growth ranging from 19% in the EAT region to 30% in IMEA. Joan Pere Jimenez, Chief Market Officer, adds: 'We are capitalizing on the rapid development of dynamic markets such as UAE and Saudi Arabia, the latter of which continues to open up with substantial investments in beauty retail. We are also benefiting from positive market trends in India, Indonesia and Turkey where rising disposable income is fueling demand.'The multinational's diverse product portfolio also helped shore up significant gains. The Fine Fragrance category experienced a 28% upswing, while the Home and Personal Care segments saw a 20% increase. This cross-category progress highlights Eurofragance's ability to meet the demand of its customers in their expansion when it comes to offering them the right fragrances to grow their brands. Expansion Fueled by Strategic Investments and Innovations In 2024, Eurofragance continued to invest in strategic initiatives to support its growth. The company opened a new creative center in Mumbai, reinforcing its position in India's fast-growing market. The fragrance house's expansion and optimism regarding the future are also evident in its commitment to talent. With new hires across all affiliates and substantial investment in its professional development academies and its talent management program, Eurofragance's workforce grew by 15% in Spanish fragrance house also launched Euphorion™, its first synthetic addition to its ICON Captives collection, a perfumery ingredient that offers a new take on freshness in the perfumer's palette. Laurent Mercier, who has been at the helm of Eurofragance as CEO for the past seven years has played a key role in the accelerated development of the company and its foray into the design of proprietary fragrance ingredients. Mercier explains: 'Our disciplined approach to growth and strategic investments in key areas have allowed us to maintain our reputation as a leading player in the fragrance industry. The strategies we have in place will ensure our sustained expansion, and our commitment to innovation will continue to drive our success in the years to come.' Relentless Commitment to People and Planet Eurofragance remained steadfast in its commitment to sustainability, earning the highest possible rating from EcoVadis with a Platinum medal. The company's dedication to community engagement was and continues to be evident through its participation in programs such as 'Empowering Women's Talent' and 'Diversity Leading Company' both organized by the top-tier Human Resources media outlet in Spain Equipos&Talento. Additionally, Eurofragance collaborated with Hospital Sant Joan de Déu Barcelona and MartiDerm dermocosmetics company on a solution for fish odor syndrome, which received a silver medal award at the VPC Green Beauty Awards. Eurofragance's performance in 2024 reflects its strategic vision, innovative spirit and commitment to its people, sustainability and community. As the company looks to the future, it remains dedicated to driving growth and delivering value to its customers and stakeholders.
Syyaha
01-05-2025
- Business
- Syyaha
Eurofragance Strengthens Market Position with €180M in Sales for 2024
Spanish fragrance house Eurofragance releases its financial results for 2024, showing unprecedented growth. With a 27% sales increase, reaching €180 million like-for-like versus 2023, the company continues to build on its strong upward trajectory year after performance underscores Eurofragance's strategic focus and commitment to excellence across all regions and product categories. Juan Ramón López Gil, the company's CFO, says: 'Achieving €180 million in sales is a testament to our initiatives and the dedication of our teams. Each region's contribution has been instrumental in achieving these results, and our financial discipline and focused strategies will continue to drive our success.'Widespread Expansion Across Categories and RegionsEurofragance's results were driven by strong performances in key regions and product categories. All regions experienced a significant increase, with growth ranging from 19% in the EAT region to 30% in de Riedmatten, Chief Fine Fragrance & General Manager IMEA at Eurofragance, says: 'We have successfully capitalized on the steady and significant development of different markets such as the UAE and, notably, Saudi Arabia, where more and more retailers are ramping up investments in new fragrance brands. Special mention should also be made of India, which has become a new pillar of growth for us. With sound strategies in place across these geographies, we are well positioned for continued success in the coming years.'The multinational's diverse product portfolio also helped shore up significant gains. The Fine Fragrance category experienced a 28% upswing, while the Home and Personal Care segments saw a 20% increase. This cross-category progress highlights Eurofragance's ability to meet the demand of its customers in their expansion when it comes to offering them the right fragrances to grow their Fueled by Strategic Investments and InnovationsIn 2024, Eurofragance continued to invest in strategic initiatives to support its growth. The company opened a new creative center in Mumbai, reinforcing its position in India's fast-growing market. The fragrance house's expansion and optimism regarding the future are also evident in its commitment to talent. With new hires across all affiliates and substantial investments in its professional development academies and its talent management programs, Eurofragance's workforce grew by 15% in Spanish fragrance house also launched Euphorion™, its first synthetic addition to its ICON Captives collection, a perfumery ingredient that offers a new take on freshness in the perfumer's palette. Laurent Mercier, who has been at the helm of Eurofragance as CEO for the past seven years, has played a key role in the accelerated development of the company and its foray into the design of proprietary fragrance ingredients. Mercier explains: 'Our disciplined approach to growth and strategic investments in key areas has allowed us to maintain our reputation as a leading player in the fragrance industry. The strategies we have in place will ensure our sustained expansion and our commitment to innovation will continue to drive our success in the years to come.'Relentless Commitment to People and PlanetEurofragance remained steadfast in its commitment to sustainability, earning the highest possible rating from EcoVadis with a Platinum medal. The company's dedication to community engagement was and continues to be evident through its participation in programs such as 'Empowering Women's Talent' and 'Diversity Leading Company' both organized by the top-tier Human Resources media outlet in Spain, Equipos&Talento. Additionally, Eurofragance collaborated with Hospital Sant Joan de Déu Barcelona and MartiDerm dermocosmetics company on a solution for fish odor syndrome, which received a silver medal award at the VPC Green Beauty Awards. Eurofragance's performance in 2024 reflects its strategic vision, innovative spirit, and commitment to its people, sustainability and community. As the company looks to the future, it remains dedicated to driving growth and delivering value to its customers and stakeholders
Zawya
30-04-2025
- Business
- Zawya
Eurofragance achieves €180mln in sales for 2024, with UAE and Saudi driving record growth in IMEA
IMEA is top-performing region, recording 30% growth Investments in infrastructure and innovations fueled global expansion Barcelona – Spanish fragrance house Eurofragance announces a 27% increase in like-for-like sales for 2024 versus 2023, reaching €180 million and marking its strongest annual performance to date. The standout growth came from the IMEA region—driven by surging demand in the UAE and Saudi Arabia—placing the Gulf region at the forefront of the company's global success. This performance underscores Eurofragance's strategic focus and commitment to excellence across all regions and product categories. Juan Ramón López Gil, the company's CFO, says: "Achieving €180 million in sales is a testament to our initiatives and the dedication of our teams. Each region's contribution has been instrumental in achieving these results and our financial discipline and focused strategies will continue to drive our success.' IMEA Leads Global Growth Eurofragance's IMEA region posted the highest growth among its strategic markets with regional sales increasing by 30%. Antoine de Riedmatten, Chief Fine Fragrance & General Manager IMEA at Eurofragance, says: 'We have successfully capitalized on the steady and significant development of different markets such as UAE and, notably, Saudi Arabia, where more and more retailers are ramping up investments in new fragrance brands. Special mention should also be made of India, which has become a new pillar of growth for us. With sound strategies in place across these geographies, we are well positioned for continued success in the coming years'. The multinational's diverse product portfolio also helped shore up significant gains. The Fine Fragrance category experienced a 28% upswing, while the Home and Personal Care segments saw a 20% increase. This cross-category progress highlights Eurofragance's ability to meet the demand of its customers in their expansion when it comes to offering them the right fragrances to grow their brands. Expansion Fueled by Strategic Investments and Innovations In 2024, Eurofragance continued to invest in strategic initiatives to support its growth. The company opened a new creative center in Mumbai, reinforcing its position in India's fast-growing market. The fragrance house's expansion and optimism regarding the future are also evident in its commitment to talent. With new hires across all affiliates and substantial investment in its professional development academies and its talent management programs, Eurofragance's workforce grew by 15% in 2024. The Spanish fragrance house also launched Euphorion™, its first synthetic addition to its ICON Captives collection, a perfumery ingredient that offers a new take on freshness in the perfumer's palette. Laurent Mercier, who has been at the helm of Eurofragance as CEO for the past seven years has played a key role in the accelerated development of the company and its foray into the design of proprietary fragrance ingredients. Mercier explains: 'Our disciplined approach to growth and strategic investments in key areas have allowed us to maintain our reputation as a leading player in the fragrance industry. The strategies we have in place will ensure our sustained expansion, and our commitment to innovation will continue to drive our success in the years to come.' Relentless Commitment to People and Planet Eurofragance remained steadfast in its commitment to sustainability, earning the highest possible rating from EcoVadis with a Platinum medal. The company's dedication to community engagement was and continues to be evident through its participation in programs such as 'Empowering Women's Talent' and 'Diversity Leading Company' both organized by the top-tier Human Resources media outlet in Spain Equipos&Talento. Additionally, Eurofragance collaborated with Hospital Sant Joan de Déu Barcelona and MartiDerm dermocosmetics company on a solution for fish odor syndrome, which received a silver medal award at the VPC Green Beauty Awards. Eurofragance's performance in 2024 reflects its strategic vision, innovative spirit and commitment to its people, sustainability and community. As the company looks to the future, it remains dedicated to driving growth and delivering value to its customers and stakeholders. About Eurofragance Eurofragance manufactures and markets the highest quality fragrances for worldwide brands in fine perfumery, home, personal and air care. The company is a privately held B2B enterprise founded on family values in Barcelona in 1990 and currently has over 600 employees. Driven by a passion for perfume and the entrepreneurial spirit of its founders, Eurofragance first grew in Europe and the Middle East, before taking on the Far East and the Americas. The company is now represented on five continents; runs its own plants in Spain, Singapore and Mexico; and works with manufacturing partners in China and India. Eurofragance's international network of Creative Centers and outstanding manufacturing capabilities enable it to create and deliver fragrances around the world. Over the years, Eurofragance has cultivated lasting relationships and has grown hand in hand with its partners. Eurofragance is wholeheartedly invested in addressing sustainability issues and its decision-making process is built around strategic initiatives supporting this cause. The company spearheads activities around four major axes: safety, community, business ethics and resources. Media contact: MOJO Verina Osama / verina@ Sama Al Shibani / sama@
