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In Brief: Model Imperial

This article was originally published in The Rose Sheet

Executive Summary

Model Imperial: Expects to file reorganization plan with the Miami federal bankruptcy court in June/July to emerge from Chapter 11. The Boca Raton, Fla.-based fragrance distributor said its funding has been extended by its bank "almost indefinitely" because the company is in talks with possible buyers. Model Imperial explained that it offers the interested buyers, which are also distributors, an entry into a new market segment. Model Imperial operates about 650 licensed fragrance bars in department stores, as well as the five-store Cosmetique retail chain. The company filed for bankruptcy protection July 18 ("The Rose Sheet" July 29, 1996, In Brief)...
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