Tsumura men's fragrance brands on the selling block.
This article was originally published in The Rose Sheet
Executive Summary
TSUMURA TO DIVEST FRAGRANCE BUSINESS; the firm is in discussions with several potential buyers regarding a sale, the company said. On the selling block is Tsumura's full men's fragrance portfolio -- the Perry Ellis, Royal Copenhagen and Santa Fe brands. The company also said it will sell its Rigaud candle unit, noting that the division is a very small portion of its home fragrance business.