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September 8, 2006
By: TOM BRANNA
Editor
Parlux Fragrances based in Fort Lauderdale, FL., entered a letter of intent to sell its Perry Ellis fragrance rights for as much as $140 million. The sale to Victory International LLC is subject to a definitive agreement and approvals. According to Parlux, the letter of intent provides for Victory to pay Parlux up to $120 million for the fragrance rights and up to $20 million for inventory. Parlux said payment terms include a $1 million non-refundable deposit, $10 million for inventory at closi...
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