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Givaudan Chief Budgets for Stable Growth in 2015 After Slowdown

Givaudan SA, the supplier of fragrances for Tom Ford’s Plum Japonais and Ralph Lauren Polo Red, is budgeting for stable sales growth this year after last year’s deceleration caused by weaker U.S. and European markets.

The pace should match the 3.7 percent like-for-like rate reported in 2014, Chief Executive Officer Gilles Andrier said in an interview today. A slowdown in Asia, particularly China, and lower demand for some consumer products in the U.S. ate away at growth rates over the course of last year.