Latest news for Givaudan (OTC:GVDBF) Stock

Spun off from Roche in 2000, Givaudan is one of the world's leading flavour and fragrance manufacturers, with a presence in more than 80 countries. It sources more than 10,000 different ingredients from 100 countries. The company serves end consumer markets with fragrances for personal-, home-, and laundry-care brands, including prestige perfumes. In flavours, customers are in beverages, savoury, snacks, sweet goods, and dairy. Givaudan has nearly 10,000 employees, and its perfumery team is the largest in the industry.

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International Flavors Mulling Sale Of Lucas Meyer Cosmetics For $1B: Report

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<ul> 
	<li>International Flavors &amp; Fragrances, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>) plans to sell its flavors, fragrances&nbsp;and cosmetic unit Lucas Meyer Cosmetics for about $1 billion.&nbsp;</li>
	 
	<li>The business could attract interest from rivals like U.K. specialty chemicals group&nbsp;Croda International Plc&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/COIHF#OTC">COIHF</a>),&nbsp;Givaudan S.A.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/GVDBF#OTC">GVDBF</a>) of Switzerland, and Germany&#39;s&nbsp;Symrise Ag&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SYIEF#OTC">SYIEF</a>),&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-05-19/iff-weighs-sale-of-1-billion-lucas-meyer-cosmetics-unit?sref=TBDibEcD#xj4y7vzkg" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Bloomberg&nbsp;</a>reported, citing people familiar with the matter.</li>
	 
	<li>The report mentioned&nbsp;the company is working with an adviser to explore options for Lucas Meyer Cosmetics.</li>
	 
	<li>Lucas Meyer Cosmetics manufactures ingredients for the cosmetics and personal care industry.</li>
	 
	<li>In the recently-reported&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/05/b32273409/iff-reports-first-quarter-2023-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">first quarter of FY23</a>, CEO Frank Clyburn said, &quot;We remain steadfast in our focus to control what we can control as we solidify profitability, maximize cash flow and drive portfolio optimization to generate strong returns for our shareholders.&quot; In the quarter, the company&#39;s earnings came in line with the street view of $0.87 per share.&nbsp;</li>
	 
	<li>Price Action:&nbsp;IFF shares are trading higher by 0.24% to $84.36&nbsp;Friday at publication.&nbsp;&nbsp;</li>
</ul>

Read Next:&nbsp;<a href="https://www.benzinga.com/general/biotech/23/05/32486768/if-you-invested-1-000-in-this-energy-drink-stock-when-covid-19-lockdowns-started-youd-now-have-ov">If You Invested $1,000 In This Energy Drink Stock When COVID-19 Lockdowns Started, You&#39;d Now Have Over $41,000 &mdash; And It May Be Time To Sell</a> 
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