Inter Parfums CEO Jean Madar told the Wall Street Journal that its fiscal 2024 revenue guidance will likely be raised. “It’s early in the year and we’re very comfortable with where we are now, but our guidance tells you that our guidance won’t be lowered, but increased,” Madar said. “We aren’t putting in place any cost-cutting measures, we need to hire more talent to grow.” The executive also noted that the company is being conservative about its outlook for 2024 amid continuing geopolitical tensions and a lack of visibility in China.
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