Parlux Investor Seeks Consent To Remove Board For Administrative “Failings”
This article was originally published in The Rose Sheet
Executive Summary
Parlux could fall under new management if a proposal put forth by stockholder Glenn H. Nussdorf wins the support of fellow investors
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Still reeling from the loss of the Guess fragrance license, which contributed to a 37% decline in sales for the third quarter, and in light of recent frustrations surrounding the launch of Reb'l Fleur by Rihanna, Parlux Fragrances CEO Frederick E. Purches maintains that it’s time for the company to change direction.
Parlux Has “Enough" Celeb Fragrances, Says CEO, Reaffirming New Direction
Still reeling from the loss of the Guess fragrance license, which contributed to a 37% decline in sales for the third quarter, and in light of recent frustrations surrounding the launch of Reb'l Fleur by Rihanna, Parlux Fragrances CEO Frederick E. Purches maintains that it’s time for the company to change direction.
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