Perfumania Holdings, Inc. has initiated a recapitalization to be facilitated through a pre-packaged Plan of Reorganization to reduce its retail store count to better align with current consumer shopping patterns, increase investments in its e-commerce business, and become a privately-held company. The plan, announced over the weekend, includes some of the firm’s units filing for Chapter 11 relief. The company’s Parlux and Five Star Fragrance subsidiaries, which are responsible for a range of ...