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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.

PAX Announces Industry-Leading Sustainability Initiatives to Fight Global Plastic Waste Crisis

Retrieved on:

Wednesday, March 27, 2024

PAX , a leading global cannabis brand, today announced a new program to reduce plastic waste.

Key Points:

PAX , a leading global cannabis brand, today announced a new program to reduce plastic waste.
Through a partnership with rePurpose Global , the world’s leading Plastic Action Platform, PAX has become the first brand in the cannabis space to achieve Plastic Negative certification across all existing product lines.
This certification includes PAX MINI and PLUS, PAX ERA and 1G pods, and PAX Gummies, and means that for every product sold, twice as much plastic waste is removed from nature.
PAX is committed to making a positive impact through PEACE BY PAX, its purpose-driven platform supporting social reform, safe access, and sustainability.

IFF Names Ana Paula Mendonça President, Scent

Retrieved on:

Thursday, March 21, 2024

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 Brings Science-Backed Excipients to Asia Pharmaceutical Industry at CPhI Japan 2024

Retrieved on:

Tuesday, March 26, 2024

TOKYO, March 25, 2024 /PRNewswire/ -- IFF, a global leader in food and beverage, home and personal care and health, will present its broad portfolio and latest excipient technology to CPhI Japan 2024 at booth 5K21, Tokyo Big Sight, Tokyo from April 17-19.IFF's Pharma Solutions offers high-quality pharmaceutical solutions backed by extensive research and expertise. The team will showcase its comprehensive cellulosic-derived excipients portfolio of innovative solutions, from binders and disintegrants to lubricants and matrix systems across the immediate release, controlled release, pediatric and novel delivery formulations.

Key Points:

IFF's Pharma Solutions offers high-quality pharmaceutical solutions backed by extensive research and expertise.
"As a first-time participant at CPhI Japan, we are excited about the opportunity to connect with customers and industry peers," said Frank Zhao, commercial leader, Asia-Pacific, Pharma Solutions, IFF.
"This event provides us with a valuable opportunity to showcase our innovative offerings and demonstrate our commitment to driving advancements in pharmaceutical development."
IFF, the IFF Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by IFF or affiliates of IFF unless otherwise noted.

Caesars Sportsbook and National Hockey League Renew Partnership

Retrieved on:

Thursday, March 7, 2024

Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) and the National Hockey League (NHL®) today announced a renewal of their United States partnership.

Key Points:

Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) and the National Hockey League (NHL®) today announced a renewal of their United States partnership.
This renewed agreement also provides access to VIP experiences for members of the industry-leading customer loyalty program, Caesars Rewards ®, and opportunities for visibility for Caesars Sportsbook and Caesars Rewards on national NHL broadcasts of Stanley Cup Playoff games in select Caesars markets.
Additionally, Caesars will enjoy continued use of NHL team logos and imagery on the Caesars Sportsbook app and access to League Alumni and the Stanley Cup® for appearances.
NHL, the NHL Shield, and the word mark and image of the Stanley Cup are registered trademarks of the National Hockey League.

MethaneSAT Now in Orbit after SpaceX Launches Groundbreaking Mission to Protect the Climate

Retrieved on:

Tuesday, March 5, 2024

Just after 4:00pm Pacific Time today MethaneSAT effectively detached from SpaceX Transporter-10 that carried the emissions monitor into space.

Key Points:

Just after 4:00pm Pacific Time today MethaneSAT effectively detached from SpaceX Transporter-10 that carried the emissions monitor into space.
The groundbreaking satellite is designed to help protect the Earth’s climate by accelerating reductions of a powerful greenhouse pollutant, focusing first on oil and gas operations, a major source of methane.
MethaneSAT will show us the full scope of the opportunity by tracking emissions to their source.”
Krupp announced MethaneSAT in a 2018 TED Talk as part of the TED Audacious Project .
MethaneSAT was made possible entirely by the support of EDF donors and our partnership with the Government of New Zealand .

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

Retrieved on:

Thursday, February 29, 2024

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

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.

Orange Comet and Universal Products & Experiences Dive Into JAWS: Infested Waters with New Experience on Roblox

Retrieved on:

Tuesday, February 27, 2024

LOS ANGELES, Feb. 27, 2024 /PRNewswire/ -- Orange Comet, Inc, a next-gen gaming and entertainment company, is set to make waves with an exciting new project. Today, the company proudly announces its collaboration with Universal Products & Experiences to bring JAWS, the 1975 landmark film from Universal Pictures and Amblin Entertainment, to an all-new audience through an immersive experience entitled JAWS: Infested Waters. Currently in soft launch, this adrenaline-charged experience unfolds on Roblox, the immersive platform for communication and connection.

Key Points:

Today, the company proudly announces its collaboration with Universal Products & Experiences to bring JAWS, the 1975 landmark film from Universal Pictures and Amblin Entertainment, to an all-new audience through an immersive experience entitled JAWS: Infested Waters.
Orange Comet and Universal Products & Experiences Dive Into JAWS: Infested Waters with New Experience on Roblox
Capturing the essence of the breathtaking and terrifying action-thriller, the JAWS: Infested Waters experience on Roblox is a group survival adventure that thrusts visitors into the heart of the action.
The JAWS: Infested Waters experience is designed to offer a multifaceted experience that combines elements of strategy, teamwork, and action.
Get ready to dive into terrifying waters as JAWS: Infested Waters comes to Roblox for a new generation of thrill-seekers.