The latest events featuring
International Flavors & Fragrances Inc. (IFF) depict a mixed financial scenario. On the brighter side, multiple institutions like
Swedbank AB,
Bessemer Group Inc., and
LRI Investments LLC made significant stock investments in IFF. The corporation's stocks also outperformed competitors and hit a 52-week high. IFF opened a new state-of-the-art center in
Shanghai, contributing to its upward momentum. On the other hand, IFF faced challenges as
Comerica Bank and
American International Group Inc. reduced their positions in the company. The EU fined the company for obstructing an investigation of a suspected
fragrance cartel. IFF declared a $0.40 quarterly dividend but later revised it downwards. The challenging part was IFF's performance on earnings with Q1 2024 earnings report showing a loss and missed expectations. IFF sold its pharma unit to France's Roquette in a $2.85 billion deal and also divested its cosmetic ingredients business. Finally,
Erik Fyrwald was appointed as the new CEO and board director of IFF.
International Flavors Fragrances IFF News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Sun, 04 Aug 2024 11:38:31 GMT -
Rating -2
- Innovation -3
- Information 3
- Rumor -4
