Fragrance industry undergoes restructure
Realigned network to consist of four regional bodies under one global IFRA brand
The global fragrance industry is to reorganise its network of regional and national associations in a measure to boost efficiency and responsiveness. The move will eventually see four regional bodies under the one global IFRA brand covering North America, Europe, Latin America and Asia Pacific. These regions will be represented on the IFRA board as association members and will have voting rights divided according to market share. The rest of the votes will be split among IFRA’s current regular members, namely Firmenich, Givaudan, IFF, Robertet, Symrise and Takasago International.
According to IFRA, the objective is to represent 100% of the industry worldwide. This will be made easier by a new funding structure, which will mean that national associations wishing to join will no longer have to pay dues to IFRA.