Company News, Financial News

Perry Ellis International Buys Back Fragrance Rights

Author Image

By: TOM BRANNA

Editor

First, a third party agreed to buy Perry Ellis then, that deal fell through. Now, Perry Ellis International has bought back its own fragrance rights from Parlux Fragrances. Parlux Fragrances Inc. previously held rights, titles, interests, intangible assets and inventory pursuant to a global license agreement to manufacture and distribute items under the Perry Ellis brand. The move grants the company with a more favorable deal and more control. The $63 million cash deal includes the Perry Elli...

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