Competition commission targets market leaders Givaudan, domestic rival Firmenich, International Flavors & Fragrances and Symrise
The logo of Swiss flavours and fragrances maker Givaudan is seen at its innovation center in Kemptthal, Switzerland on January 10 2020. File Picture: REUTERS/Arnd Wiegmann
The scent industry worth more than $5bn creates and makes fine fragrances for brands including Calvin Klein, Hugo Boss and Gucci, while also designing the smell of household products of global companies such as Procter & Gamble and Colgate-Palmolive. Givaudan fell 3.7% and DSM lost 3.5%, underperforming a 1.3% decline in the STOXX Europe 600 Chemicals index, while US-listed International Flavors & Fragrances was down 2.9% at Tuesday’s close.
It said the ingredients in question are used in cosmetics, personal care products, detergents and cleaning products.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nampak lenders arm themselves with debt advisersShareholders want a new funding package launched before considering a R1.5bn rights offer
Read more »
Just Not Swiss – Toblerone Have To Drop Mountain LogoAccording to his children, the triangular shape of the chocolates was inspired by a pyramid shape that dancers at a music hall created during a show that Tobler saw.
Read more »
Putin-linked cellist moved millions through Swiss accounts, say prosecutorsFour Swiss bankers will appear in court for allegedly failing to determine the identity of the beneficial owner of funds linked to Sergey Roldugin, known as ‘Putin’s Wallet’
Read more »
Sowetan calls on high schools to enter quiz competitionCalling on all Quintile 1 to 3 high schools within the Gauteng Province to enter for Sowetan SA Home Loans Schools Quiz competition. Each school may only enter 1 group of 4 learners (grade 8-12). Entries open 13 February- 17 March 2023. READ MORE:
Read more »
The real Johannesburg: 6 powerful photosCompetition within the informal economy is tight in Joburg. Monica Chauke, originally from Limpopo, is unperturbed by the competition.
Read more »
Athletics World Outraged After Runner Celebrated Next To His...Swiss runner Jason Joseph has been accused of showing poor sportsmanship after celebrating brazenly in front of his unconscious rival.
Read more »