Company News

Parlux Posts Rise in Sales in Latest Financial Report

Celebrity fragrances sold well at department stores

Author Image

By: TOM BRANNA

Editor

Paris and Jessica can still count fragrance as successful endeavors, according to the most recent financial report from Parlux. For the third quarter ended Dec. 31, 2008, net sales increased 6% to $47.3 million. Operating expenses leaped 42% to $31.1 million, according to the company. For the nine-months ended Dec. 31, 2008, net sales jumped 9% to $123 million. Operating expenses increased 43% to $73.2 million, said Parlux. Neil Katz, company chairman and chief executive officer, said, &#...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters