Givaudan announced the development of Customer Foresight, a platform designed to leverage Givaudan’s big data, artificial intelligence and experience to co-create food experiences with customers and meet the ever-changing needs of consumers. Clients will be able to detect emerging signals and trends to anticipate potential future outcome scenarios, opening up opportunities to improve current development processes.

The fragrance subscription platform has updated their look while also adding a selection of niche brands including Creed.

Photo Credits: scentbird.com

L'Oréal is finalizing the acquisition of Byredo perfumes from UK investment fund Manzanita Capital, Le Figaro reported Wednesday. The operation would have been carried out on the basis of a valuation of one billion euros. If the transaction is finalized, it will be the first acquisition made by Nicolas Hieronimus, appointed last year to the general management of L'Oréal, notes Le Figaro

According to NPD data in China, sales of prestige cosmetics on e-commerce increased by 11% in the first quarter of 2022, with increases in January and February that offset a decline in March. During the period, sales of hair products increased by 43%, supported by a 33% increase in March alone. Sales of fragrances increased by 18%, despite the decline in March due to Covid. An improvement is expected starting in June, when the Chinese 618 Shopping Festival kicks off, and the government will release new favorable policies to increase consumption.

With less than a month until Esxence, the art perfumery event, now is a great time to explore the origins of the term "niche fragrance".

Firmenich has launched Firmenich Studio, a customized digital platform designed to help customers build their future fragrance, food and beverage creations. The platform provides customers with easy and instant access to detailed information about the company's products, as well as updates on designs, sample requests and key regulatory documentation.

The "What's Next-Insight into Culture Drivers on Tik Tok" report defined the 5 most popular hashtags during 2021: #selfcare, #transformation, #blackgirlmagic, #asmr #oddlysatisfying. Based on the research conducted, it was identified that consumers also use Tik Tok for beauty advice and that 73 percent of consumers feel a deep connection with brands they can interact with on Tik Tok.

Niche perfumery brand Le Jardin Retrouvé has chosen Sorga's blockchain technology to guarantee the authenticity of its products to distributors and consumers. Le Jardin Retrouvé is riding the Asian wave. "Sales are definitely as high as expected, and we should multiply our global sales three to four times this year, with China being the driving factor," says Michel Gutsatz. "We realized there was a big problem with counterfeiting and gray markets in China. It's actually a problem in France as well," explains Clara Feder. "Brands and distributors all face the same problem in many key markets: how can we authenticate our products?" Blockchain is a technological solution that is increasingly being adopted by brands in a variety of industries to ensure product traceability and against counterfeiting.

There is strong interest among Chinese consumers in premium products and the moves that major brands have made toward digitization. The interest in premium segments is exemplified by the fact that in more than a year, Shiseido has sold 15 masstige brands in order to move toward more prestige and premium business segments. The Japanese giant attributed the growth of its business in China to the growth of its high-end brands, according to its annual financial report for 2021.