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Perfumania Acquires Parlux

Retailer boosts portfolio with leading fragrance house.

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By: TOM BRANNA

Editor

Perfumania Holdings, Inc., a vertically integrated wholesale distributor and specialty retailer of fragrances and related products, has completed its acquisition of Parlux Fragrances, Inc. The outstanding shares of Parlux common stock were converted into the right to receive cash and Perfumania common stock with an aggregate value of approximately $118 million and Parlux became a wholly-owned subsidiary of Perfumania. Trading in Parlux’s common stock on the NASDAQ stock market termina...

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