Registered trademark symbol

IFF Completes Divestiture of Cosmetics Ingredients Business

Retrieved on: 
Wednesday, April 3, 2024
Cosmetics, Retail, Chemicals, Plastics, Manufacturing, Specialty, Food, Beverage, All rights reserved, Health, Science, Cosmetic industry, Sale, Investment, Creativity, Registered trademark symbol, Perfume

IFF (NYSE: IFF) today announced that it has completed the previously announced divestiture of its Cosmetic Ingredients business to Clariant, a sustainably focused specialty chemicals company.

Key Points: 
  • IFF (NYSE: IFF) today announced that it has completed the previously announced divestiture of its Cosmetic Ingredients business to Clariant, a sustainably focused specialty chemicals company.
  • As a part of Clariant, the business will continue to deliver innovative ingredients for the cosmetic and personal care product portfolio.
  • “At IFF, our strategic transformation is focused on bringing leading innovation to best serve target customers in our core businesses,” said IFF CEO Erik Fyrwald.
  • The sale of IFF's Cosmetic Ingredients Business represents another significant step that will enable us to make more attractive strategic growth investments as we reduce our debt and interest costs.

IFF Names Ana Paula Mendonça President, Scent

Retrieved on: 
Thursday, March 21, 2024
Food, Beverage, Manufacturing, Cosmetics, Retail, Chemicals, Plastics, All rights reserved, Health, Science, Beauty, UAM, Creativity, Registered trademark symbol, Perfume

IFF (NYSE: IFF) today announced Ana Paula Mendonça—who has dedicated her career to the advancement and commercialization of fragrance—has been named President of Scent, IFF, effective April 1.

Key Points: 
  • IFF (NYSE: IFF) today announced Ana Paula Mendonça—who has dedicated her career to the advancement and commercialization of fragrance—has been named President of Scent, IFF, effective April 1.
  • Simon Herriott, current president of Health & Biosciences and Scent will continue to lead IFF’s Health and Biosciences business unit.
  • In Mendonça’s new role, she will lead IFF’s industry-leading Scent business unit, which includes fine fragrance, consumer fragrance and fragrance ingredients.
  • Since joining IFF in Brazil in 1996, Mendonça has held roles of increasing responsibilities in Scent, namely president of fragrance ingredients and regional general manager of North America for consumer fragrances.

IFF Named Top Company in the U.S. for Gender Equality in 2024

Retrieved on: 
Thursday, February 29, 2024
Technology, Cosmetics, Men, Retail, Food Tech, Chemicals, Plastics, Human Resources, Manufacturing, Consumer, Professional Services, Environmental, Social and Governance (ESG), Other Consumer, Specialty, Women, Certification, Woman, Entrepreneurship, Registered trademark symbol, Partnership, Health, Farmer, Female, All rights reserved, Empowerment, ESG, Food, Diversity, Honey, Gender parity, Old American Company, Menopause, Inclusion, Equity, Creativity, Leadership development, Supplier diversity, Gender equality, Parity, Knowledge, Science, Research, Face

IFF (NYSE: IFF)—a world leader in food and beverage, home and personal care, and health—has been named the top American Company for gender equality and tenth globally by Equileap, a leading organization providing data and insights on gender equality in the corporate sector.

Key Points: 
  • IFF (NYSE: IFF)—a world leader in food and beverage, home and personal care, and health—has been named the top American Company for gender equality and tenth globally by Equileap, a leading organization providing data and insights on gender equality in the corporate sector.
  • In its seventh annual Gender Equality Global Report & Ranking, Equileap provides a status update on gender equality in the corporate world, evaluating 19 different criteria that range from the gender pay gap and female representation at all corporate levels to parental leave and anti-sexual harassment policies.
  • “This progress belongs to all of us who have imagined a more inclusive future and acted on that inspiration.
  • “In 2024, we will continue our partnership with EDGE—which has been instrumental in our efforts over the years—to advance equity at IFF.

IFF Announces Grant of Employment Inducement Awards

Retrieved on: 
Friday, March 1, 2024
Cosmetics, Retail, Chemicals, Plastics, Luxury, Manufacturing, Specialty, Food, Beverage, New York Stock Exchange, Registered trademark symbol, All rights reserved, Form, Health, Creativity, Employment, Science

IFF (NYSE: IFF) today announced the grant of employment inducement awards to J. Erik Fyrwald, IFF Chief Executive Officer and member of the Board of Directors.

Key Points: 
  • IFF (NYSE: IFF) today announced the grant of employment inducement awards to J. Erik Fyrwald, IFF Chief Executive Officer and member of the Board of Directors.
  • The Company's Board of Directors approved the employment inducement awards on Jan. 9, 2024, with a grant date of March 1, 2024, as a material inducement to enter into an offer of employment in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08 that requires shareholder approval of equity-based compensation plans.
  • The inducement awards are subject to continued or accelerated vesting upon certain termination of employment events and in connection with certain transactions involving the Company, as more fully described in the equity award agreements filed as exhibits to the Company’s Registration Statement on Form S-8 filed with the SEC on Feb. 29, 2024 registering the common stock subject to the Inducement Awards.
  • The inducement awards are being made outside of the Company's shareholder-approved equity compensation plans but will generally be subject to the same terms and conditions as apply to awards granted under the Company’s 2021 Stock Award and Incentive Plan.

IFF Launches Advertising Campaign Celebrating The Art Of Perfumery

Retrieved on: 
Monday, March 4, 2024
Chanel, Registered trademark symbol, All rights reserved, Perfume, Food, Health, Creativity, Cartier, Science, Publication

PARIS , March 4, 2024 /PRNewswire/ -- IFF has launched an advertising campaign featuring staple tools of the art of perfumery.

Key Points: 
  • PARIS , March 4, 2024 /PRNewswire/ -- IFF has launched an advertising campaign featuring staple tools of the art of perfumery.
  • "IFF perfumers are artists of the invisible, who craft olfactive works of art, connecting with consumers around the world through the scents they create for niche to global brands," said Sabrya Meflah, IFF president of fine fragrance.
  • The advertising campaign was shot by renowned luxury, perfume and haute-jewelry photographer, Helmut Stelzenberger, who has worked on ad campaigns for Chanel, Van Cleef, Cartier and others.
  • The campaign visuals feature the iconic blue-glass bottle—a staple of the IFF brand—held within hands representing perfumery craftsmanship.

IFF Partners with Environmental NGO Bellona to Restore Norwegian Seaweed Forests

Retrieved on: 
Friday, January 19, 2024
Manufacturing, Specialty, Environmental Health, Food, Beverage, Agriculture, Natural Resources, Cosmetics, Retail, Environment, Sustainability, Chemicals, Plastics, Research, Health, Seaweed, Bellona Foundation, Animal, All rights reserved, Knowledge, NGO, Partnership, Science, Biomass, Registered trademark symbol, Organic acid, Climate change, Dietary supplement, Creativity, Non-governmental organization, Carrageenan, Climate, Plant

IFF (NYSE: IFF), a global leader in food and beverage, home and personal care and health, today announced its partnership with environmental non-governmental organization (NGO) Bellona in a long-term project to restore seaweed forests in northern Norway.

Key Points: 
  • IFF (NYSE: IFF), a global leader in food and beverage, home and personal care and health, today announced its partnership with environmental non-governmental organization (NGO) Bellona in a long-term project to restore seaweed forests in northern Norway.
  • The collaboration on the Norwegian Marine Restoration (NoMaRe) project aims to restore 5,000 square kilometers of seaweed forest by managing invasive sea urchin predation.
  • Norwegian seaweed forests are the main food sources and home to over 300 species of invasive sea urchins.
  • IFF, the IFF Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by IFF or affiliates of IFF unless otherwise noted.

IFF Announces Continuation of Cooperation Agreement with Icahn Capital

Retrieved on: 
Monday, November 6, 2023
Home Goods, Retail, Food, Beverage, Science, Registered trademark symbol, NYSE, Health, Creativity, All rights reserved, Growth, International Flavors & Fragrances, Icahn, Management, Perfume, IFF

IFF (NYSE: IFF) today announced the continuation of the cooperation agreement with Icahn Capital LP and its affiliates.

Key Points: 
  • IFF (NYSE: IFF) today announced the continuation of the cooperation agreement with Icahn Capital LP and its affiliates.
  • Icahn Capital and IFF have agreed to renominate one Icahn director and one mutually agreed director to the IFF board for the 2024 proxy season.
  • “The Icahn Group’s relationship with IFF has brought relevant market experience to and enhanced the financial expertise of the IFF Board.
  • “I believe the IFF Board and management team are poised to capture further value for shareholders as they continue on their strategic transformation to optimize the portfolio,” said Carl Icahn, CEO of Icahn Capital.

IFF Announces Clariant Has Agreed to Purchase IFF’s Cosmetic Ingredients Business Unit

Retrieved on: 
Monday, October 30, 2023
Other Retail, Other Manufacturing, Chemicals, Plastics, Fashion, Cosmetics, Manufacturing, Retail, Department Stores, Slate, Science, Registered trademark symbol, Sale, NYSE, Tax, Health, Food, Cosmetic industry, IBR, Research, Creativity, All rights reserved, Odor, Skadden, Arps, Slate, Meagher & Flom, Morgan Stanley, Growth, LLP, International Flavors & Fragrances, Drug Quality and Security Act, Perfume, Clariant, IFF

IFF (NYSE: IFF) today announced that Clariant—a sustainably focused specialty chemical company—has agreed to purchase IFF’s Cosmetic Ingredients business unit for $810 million.

Key Points: 
  • IFF (NYSE: IFF) today announced that Clariant—a sustainably focused specialty chemical company—has agreed to purchase IFF’s Cosmetic Ingredients business unit for $810 million.
  • Reporting through IFF’s Scent division, IFF’s Cosmetic Ingredients business unit develops, manufactures and markets innovative ingredients for the cosmetic and personal care industry, including active ingredients, functional ingredients and delivery systems, primarily through the Lucas Meyer Cosmetics brand.
  • “Aligned with our best-owner mindset, the proposed sale of our Cosmetic Ingredients business to Clariant will allow us to focus on our core businesses, maximizing growth and returns.
  • We are convinced that Clariant is the best owner for the Cosmetic Ingredients business and with an ability to invest, will offer the business and our colleagues a bright future.”
    IFF’s Cosmetic Ingredients business unit includes the Lucas Meyers Cosmetics and IBR brands and operates six research and development and/or production sites globally.

IFF Announces Dr. Casper Vroemen to Succeed Dr. Gregory Yep as Chief R&D and Sustainability Officer

Retrieved on: 
Thursday, August 3, 2023
Food, Beverage, Other Retail, Retail, Science, Other Science, Simon Vroemen, Registered trademark symbol, All rights reserved, Enzyme, Wageningen University & Research, Research, Creativity, NYSE, Protein engineering, Health, International Flavors & Fragrances, Chief sustainability officer, Management, Fine chemical, Perfume, IFF, Molecular biology

IFF (NYSE: IFF) today announces that Dr. Gregory Yep, Chief R&D and Sustainability Officer, has resigned effective Sept. 1 to pursue a new opportunity in his professional journey.

Key Points: 
  • IFF (NYSE: IFF) today announces that Dr. Gregory Yep, Chief R&D and Sustainability Officer, has resigned effective Sept. 1 to pursue a new opportunity in his professional journey.
  • Yep will be succeeded by Dr. Casper Vroemen—Vice President of R&D, Health & Biosciences—who has dedicated his career to the advancement and commercialization of leading-edge biotechnology.
  • Vroemen will be based in Union Beach, New Jersey, and will become part of IFF’s Executive Leadership Team.
  • As Chief R&D and Sustainability Officer, Vroemen will further IFF’s efforts in innovation, leading the company’s global R&D strategy, technological development, innovation pipeline and external collaborations.

IFF Completes Divestiture of Flavor Specialty Ingredients Business

Retrieved on: 
Wednesday, August 2, 2023
Cosmetics, Retail, Chemicals, Plastics, Manufacturing, Specialty, Food, Beverage, Drug Quality and Security Act, Registered trademark symbol, All rights reserved, FSI, Sale, Science, Creativity, NYSE, Growth, Health, International Flavors & Fragrances, Security (finance), Perfume, IFF, Exponentiation

IFF (NYSE:IFF) today announced that it successfully completed the previously announced divestiture of its Flavor Specialty Ingredients (FSI) business to Exponent, a leading UK-based private equity firm, on August 1, 2023.

Key Points: 
  • IFF (NYSE:IFF) today announced that it successfully completed the previously announced divestiture of its Flavor Specialty Ingredients (FSI) business to Exponent, a leading UK-based private equity firm, on August 1, 2023.
  • “The sale of our FSI business unit is another step in our journey to continuously maximize value,” said Frank Clyburn, IFF CEO.
  • “Portfolio optimization is a central part of our ongoing strategy to improve growth and returns.
  • This focus allows us to concentrate on our most attractive businesses and strengthen our capital structure by reducing outstanding debt.