Global fragrance and flavor leader Givaudan reported sales of 5.74 billion Swiss francs ($6.34 billion) for the first nine months of 2025, up 5.7% YoY. The Fragrance & Beauty division recorded 2.92 billion Swiss francs ($3.23 billion), up 8%, driven by an 18.7% surge in fine fragrance. CEO Gilles Andrier will step down in March 2026, succeeded by Christian Stammkoetter, former Danone president for Asia, Middle East, and Africa. Givaudan broke ground on a new R&D and production center in Guangzhou with a 40 million Swiss franc investment, strengthening its local presence in China.