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In Brief: Revlon reducing Parlux stake

This article was originally published in The Rose Sheet

Executive Summary

Revlon reducing Parlux stake: Revlon now holds a 2.1% stake in Parlux Fragrances after selling 365,000 Parlux shares between April 24 and April 29 for about $4 mil., according to a 13D filed May 1 with the Securities and Exchange Commission. Revlon received a 5.4% stake (600,000 shares) in Parlux as partial payment for the Alexandra de Markoff brand in January. In a 13D filed April 12, Revlon had said it planned to sell its stake in Parlux on the open market ("The Rose Sheet" April 22, In Brief)...
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