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January 29, 2007
By: TOM BRANNA
Editor
Clothing maker Perry Ellis International Inc. agreed to sell the inventory and assets of its fragrance business to Falic Fashion Group for $63 million, a deal that allowed Perry Ellis to boost its earnings guidance for 2008. Perry Ellis also said it signed a licensing agreement with Falic Fashion Group LLC, a subsidiary of Duty Free Americas Inc., to make and distribute perfume, fragrances, lotions, toiletries and cosmetics under the Perry Ellis brand. In December, Perry Ellis said it woul...
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