IFF

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 Reports Third Quarter 2023 Results

Retrieved on: 
Monday, November 6, 2023
Cosmetics, Retail, Chemicals, Plastics, Manufacturing, Specialty, Food, Beverage, Science, Risk, Public expenditure, Health, Comparable, Tax Cuts and Jobs Act of 2017, EPS, COVID-19, European, Sale, Tax, GAAP, Acquisition, Webcast, LIBOR, Investment, Weather, Cosmetic industry, Intellectual property, United, Growth, Transport, London Interbank Bid Rate, Depreciation, Personal care, Climate change, NYSE, EBITDA, Absorption, Creativity, Accident, Pharmaceutical industry, Security (finance), Bookkeeping, Agriculture, Cryptocurrency, Risk management, Bank, Property insurance, Frutarom, IFF

IFF (NYSE: IFF) reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • IFF (NYSE: IFF) reported financial results for the third quarter ended September 30, 2023.
  • "In the third quarter we delivered both sales and profit ahead of our expectations," said IFF CEO Frank Clyburn.
  • A live webcast to discuss the Company’s third quarter 2023 financial results will be held on November 7, 2023, at 9:00 a.m.
  • 2 Comparable results for the third quarter exclude the impact of divestitures and acquisitions.

IFF Declares Dividend for Fourth Quarter 2023

Retrieved on: 
Thursday, November 2, 2023
Cosmetics, Retail, Chemicals, Plastics, Manufacturing, Specialty, Food, Beverage, Science, NYSE, Health, Creativity, Perfume, IFF

IFF (NYSE: IFF) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.81 per share of its common stock, payable on January 8, 2024 to shareholders of record as of December 28, 2023.

Key Points: 
  • IFF (NYSE: IFF) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.81 per share of its common stock, payable on January 8, 2024 to shareholders of record as of December 28, 2023.
  • At IFF (NYSE: IFF), an industry leader in food, beverage, scent, health and biosciences, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences.
  • Together, we will do more good for people and planet.
  • Learn more at iff.com, Twitter , Facebook , Instagram , and LinkedIn .

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 to Release Third Quarter 2023 Results November 6

Retrieved on: 
Tuesday, October 24, 2023
Food, Beverage, Manufacturing, Cosmetics, Retail, Chemicals, Plastics, Science, NYSE, Health, Creativity, Perfume, IFF

IFF (NYSE:IFF) today announced that it will release its third quarter 2023 earnings results following the market close on Monday, Nov. 6, 2023.

Key Points: 
  • IFF (NYSE:IFF) today announced that it will release its third quarter 2023 earnings results following the market close on Monday, Nov. 6, 2023.
  • The management team will host a live webcast on Tuesday, Nov. 7, 2023 at 9:00 a.m.
  • ET to discuss results and outlook with the investor community.
  • Investors may access the live webcast and accompanying slide presentation on the Company's website at ir.iff.com.

IFF to Webcast Fireside Chat at Barclays Global Consumer Staples Conference on Sept. 7

Retrieved on: 
Monday, August 21, 2023
Cosmetics, Retail, Food, Beverage, Fashion, Science, Creativity, Health, Conference, NYSE, Perfume, IFF

IFF (NYSE: IFF) today announced that Chief Executive Officer Frank Clyburn will participate in a fireside chat at the Barclays Global Consumer Staples Conference on Thursday, Sept. 7, 2023 at 9:00 a.m.

Key Points: 
  • IFF (NYSE: IFF) today announced that Chief Executive Officer Frank Clyburn will participate in a fireside chat at the Barclays Global Consumer Staples Conference on Thursday, Sept. 7, 2023 at 9:00 a.m.
  • Investors may access the live webcast on the Company's website at ir.iff.com .
  • For those unable to listen to the live webcast, a recorded version will be made available for replay.
  • At IFF (NYSE: IFF), an industry leader in food, beverage, health, biosciences and scent, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences.

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.

IFF to Release Second Quarter 2023 Results August 7

Retrieved on: 
Thursday, July 27, 2023
Cosmetics, Retail, Chemicals, Plastics, Manufacturing, Specialty, Food, Beverage, Science, Creativity, Health, NYSE, Perfume, IFF

IFF (NYSE:IFF) today announced that it will release its second quarter 2023 earnings results following the market close on Monday, August 7, 2023.

Key Points: 
  • IFF (NYSE:IFF) today announced that it will release its second quarter 2023 earnings results following the market close on Monday, August 7, 2023.
  • The management team will host a live webcast on Tuesday, August 8, 2023 at 9:00 a.m.
  • ET to discuss results and outlook with the investor community.
  • Investors may access the live webcast and accompanying slide presentation on the Company's website at ir.iff.com .

IFF Names New President of Nourish and Introduces Leadership Structure Aligned to New Operating Model

Retrieved on: 
Wednesday, June 7, 2023
Cosmetics, Retail, Chemicals, Plastics, Manufacturing, Specialty, Food, Beverage, Christophe, University, ICI, Kellogg, Engineering, Marketing, DuPont, CPG, Registered trademark symbol, Faculty of Management Studies – University of Delhi, All rights reserved, Herriott, Nutrition and Health, Science, Creativity, Personal care, Strategic management, Paweł Strzelecki, National Institutes of Technology (India), Corporation, Osaka Titanium Technologies, Zeneca, Growth, Cereal, International Flavors & Fragrances, NYSE, Odor, Drug, Management, Perfume, IFF, Health, Beach nourishment

IFF today also announced the leadership structure to support the transition to a new operating model as part of the company’s transformation strategy.

Key Points: 
  • IFF today also announced the leadership structure to support the transition to a new operating model as part of the company’s transformation strategy.
  • IFF expects its new operating model to be in effect by the beginning of 2024.
  • As President, Nourish, Arora, will lead IFF’s Food and Beverage categories when the operating model is in full effect in the new year.
  • “Our evolution to a category-aligned operating model is a pivotal moment for IFF,” said Frank Clyburn, IFF CEO.