In Brief: Perfumania privatization
This article was originally published in The Rose Sheet
Perfumania privatization: Investment company headed by Perfumania CEO Simon Falic and other management has withdrawn its proposal to take the fragrance retailer private. The proposal, announced June 28, called for the repurchase of all Perfumania stock held by stockholders for $6 a share. The transaction was contingent on the largest shareholders tendering their shares; at the time of the proposal the firm was awaiting the consent of a major Perfumania stockholder Parlux Chairman and CEO Ilia Lekach (former Perfumania chairman and CEO)...
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