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Perfumania buying Model Imperial retail business, 51% of wholesale operations.

This article was originally published in The Rose Sheet

Executive Summary

PERFUMANIA TO EXPAND RETAIL PRESENCE WITH MODEL IMPERIAL DEAL, more than tripling the company's retail locations in the U.S. Under a letter of intent announced May 8, Perfumania said it will acquire Model Imperial's approximately 650 licensed fragrance departments as well as its five-store Cosmetique chain. Perfumania currently operates 196 doors in regional malls, outlet centers and downtown locations in the U.S. and Puerto Rico. Sales from Perfumania's retail operations hit $93 mil. in fiscal 1995 (ended Feb. 3), generating almost three-fourths of the company's net revenue of $129.2 mil.
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