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In Brief: Parlux acquiring Richard Barrie

This article was originally published in The Rose Sheet

Executive Summary

Parlux acquiring Richard Barrie: Pompano Beach, FL-based Parlux signs letter of intent to acquire Richard Barrie Fragrances for a combination of cash and Parlux stock, the firms jointly announce Nov. 1. The anticipated purchase price will be approximately $4 mil., according to Parlux. With the acquisition, Parlux will gain Richard Barrie's fragrance stable, which includes the Baryshnikov brand, as well as the company's Connecticut production facilities, which have the capability of manufacturing all of Parlux' fragrances. Commenting on the deal, Richard Barrie states that the potential deal with Parlux would allow the firm to expand the Baryshnikov brand internationally. Orange, CT-based Richard Barrie brought in approximately $19 mil. in revenue in FY 1995 (ended June 30), including sales from the Muelhens fragrances, which the firm no longer distributes ("The Rose Sheet" June 26, In Brief). The two firms are still negotiating a definitive purchase agreement but expect the deal to close within the next three months...
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