Company News, Financial News

Inter Parfums Withdraws 2020 Guidance

Sees signs of normalcy returning to China and South Korea.

Although Inter Parfums, Inc. withdrew its full-year guidance for 2020, Chairman and CEO Jean Madar said there are signs that markets in China and South Korea are returning to normal. Furthermore, the company is well-positioned to ride out coronavirus, having built a cash reserve. “Our teams are set up to work from home and carry on business as efficiently as possible,” said Madar. “While the duration, scale, spread and conclusion of the coronavirus are beyond our control, we are well prepared...

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