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In Brief: Parlux/Richard Barrie

This article was originally published in The Rose Sheet

Executive Summary

Parlux/Richard Barrie: Firms sign definitive agreement under which Parlux will acquire substantially all assets and assume most liabilities of Richard Barrie Fragrances, the firms announced Jan. 31. The deal, which is now expected to close in "early spring," will give Parlux Richard Barrie's Barishnikov and Melrose Place fragrance businesses in addition to its manufacturing and distribution center in Orange, CT ("The Rose Sheet" Nov. 6, In Brief). The facility, Parlux CEO Ilia Lekach said, will provide "significant cost savings" and "greatly improve service to our customers." Richard Barrie Fragrances CEO Richard Barrie will join Parlux. Parlux which has been on the acquisition trail, completed its most recent purchase -- Alexandra de Markoff -- from Revlon Holdings on Dec. 27 for $9 mil. in cash and stock...
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