Firmenich has entered into a strategic partnership with Essential Labs, a B2B supplier of fragrance solutions in the home segment.
WHO: Essential Labs is a leading B2B supplier of fragrance solutions supporting entrepreneurial, independent businesses in the premium home segment.
Firmenich is the world’s largest privately owned perfume and taste company, founded in Geneva, Switzerland, in 1895. Renowned for its world-class research and creativity, as well as its leadership in sustainability, each year Firmenich invests 10% of its turnover in R&D to understand and share the best that nature has to offer responsibly. Firmenich had an annual turnover of 3.9 billion Swiss francs at end of June 2020.
WHY: Through this partnership, Firmenich will bring its capabilities to a broader range of emerging growth brands to build a more sustainable, renewable and natural future for fragrance.
IN THEIR OWN WORDS: Patrick Firmenich, Chairman of the board, said, “I am thrilled that we are partnering with Essential Labs, combining our unique know-how and shared spirit of innovation for the benefit of entrepreneurs. We share a common vision, values and commitment to providing customers with services tailored to their needs.”
Firmenich President of Global Perfumery, Ilaria Resta, said, “We have always supported businesses large and small, and Essential Labs is a great partner to help bring Firmenich capabilities and innovation to an even broader community. We look forward to working with Essential Labs, to support entrepreneurs on their journey to build the brands of tomorrow.”
Firmenich CEO Gilbert Ghostine said, “This partnership is an exciting step for Firmenich that will enable us to bring our unique capabilities in science and our leading palette of natural, renewable and sustainable ingredients to the dynamic community of entrepreneurs in the United States and beyond.”
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