×
51 771
Fashion Jobs
SUNDANCE
Buyer, Market Apparel
Permanent · SALT LAKE CITY
ADIDAS
Senior Manager Buying (Concept Stores)
Permanent · Portland
NEW BALANCE
Loss Prevention Officer (Day Shift)
Permanent · Skowhegan
L'OREAL GROUP
Mgr/sr Manager-Demand Planner
Permanent · Newport Beach
L'OREAL GROUP
Kiehl's Since 1851 - Director of Ecommerce
Permanent · New York
L'OREAL GROUP
Salon Business Partner (Saloncentric) - Troy, mi
Permanent · Troy
ABERCROMBIE AND FITCH CO.
Asset Protection Investigator
Permanent · Concord
OLD NAVY
Asset Protection Lead - Outlts @ Little Rock
Permanent · Little Rock
OLD NAVY
Assistant General Manager, Merchandising - Northcross
Permanent · Huntersville
OLD NAVY
External Asset Protection Lead - Franklin Park
Permanent · Toledo
OLD NAVY
General Manager - Four Flaggs
Permanent · Niles
OLD NAVY
Assistant General Manager, Merchandising - Crossings of Decatur
Permanent · Decatur
OLD NAVY
Assistant General Manager - Festival Mkt@Dogwood
Permanent · Flowood
OLD NAVY
General Manager - Barrow Crossing
Permanent · Bethlehem
OLD NAVY
Asset Protection Service Representative -Sports Arena Plaza
Permanent · San Diego
OLD NAVY
Buyer, Girl's, Outlet
Permanent · San Francisco
OLD NAVY
Asset Protection Agent - Fulton Street
Permanent · New York
OLD NAVY
General Manager - Franklin Park
Permanent · Spokane
OLD NAVY
Assistant General Manager, Merchandising - Brickyard Square (New Store)
Permanent · Epping
OLD NAVY
Assistant General Manager - Eagan Promenade
Permanent · Eagan
OLD NAVY
General Manager - Conyers Crossroads
Permanent · Conyers
OLD NAVY
Asset Protection Manager - Utah
Permanent · Salt Lake City
By
Reuters API
Published
Aug 27, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

China, deals to help Givaudan keep up pace of growth

By
Reuters API
Published
Aug 27, 2020

Givaudan aims to increase its annual organic sales by 4-5% on average until 2025, mainly due to acquisitions, a focus on smaller and local customers and fast-growing China, it said on Thursday.




Givaudan has weathered the COVID-19 pandemic relatively well so far as many consumers stocked up on packaged foods and household goods containing its flavours and fragrances during lockdowns.

“I am very confident on the company’s profitability,” Chief Executive Gilles Andrier told an investor day in Zurich, adding most if not all sites were operating at full capacity.

Most of Givaudan’s business has proven resilient to the crisis, but food service products destined for restaurants and fragrances for perfumes have taken a hit. Andrier wouldn’t predict when they would fully recover, but mentioned some encouraging signs in the United States.

Shares in the company, up more than 27% so far this year, slipped 0.3% by 0840 GMT.

The Geneva-based company gave details on its growth strategy for the next five years. It wants to keep expanding beyond its current portfolio into nutrition, food ingredients and beauty, focus on the fast-growing business with smaller and local brands and keep investing in high-growth markets like China.

Andrier said the company wanted to double sales by 2030. It had sales of 6.2 billion Swiss francs ($6.8 billion) last year.

Vontobel analyst Jean-Philippe Bertschy said the new targets were “more evolution than revolution”, adding the doubling of sales over 10 years implied acquiring around 3 billion francs in sales and 4.5% organic growth.

Givaudan renamed its flavour division, which makes flavours for food and drinks, to “Taste & Wellbeing” and relabelled its fragrance unit, which makes scents for perfumes and household goods like toothpaste and soap as “Fragrance & Beauty”.

© Thomson Reuters 2021 All rights reserved.