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In Brief: French Fragrances/J.P. Fragrances

This article was originally published in The Rose Sheet

Executive Summary

French Fragrances/J.P. Fragrances: French Fragrances purchases Port Chester, N.Y.-based prestige fragrance distributor for cash and a bank note, the company announced Feb. 26. French Fragrances anticipates the purchase will help its increase penetration in the retail market without a "significant increase in operating expenses." The acquisition also should help the company in its efforts to serve as a "prestige fragrance category manager for many major merchandisers," a role that contributed to the firm's fiscal 1997 sales gains. For FY 1997 (ended Jan. 31), sales increased 53.4% to $215.5 mil., while net income rose 49.6% to $12.3 mil., the company reported March 5...
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