REVLON "EXPLORING" ACQUISITION OF PERFUMANIA's RETAIL BUSINESS
This article was originally published in The Rose Sheet
Executive Summary
REVLON "EXPLORING" ACQUISITION OF PERFUMANIA's RETAIL BUSINESS consisting of 148 discount fragrance stores and inventories, Perfumania and Revlon's Prestige Fragrances & Cosmetics subsidiary announced jointly Jan. 11. Prestige Fragrances & Cosmetics stores sell discontinued, returned and overstocked products from Revlon and other manufacturers. The combined business would operate 285 stores nationwide. Perfumania and Prestige Fragrances & Cosmetics commented that "there can be no assurance that these talks will continue, that an agreement will be reached or that a transaction will be completed."