Sales & Earnings In Brief
This article was originally published in The Rose Sheet
Executive Summary
Holiday Sales Drive Lauder
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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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Parlux Fragrances is banking on Grammy-winning recording artist Rihanna to be its next Paris Hilton, as the reality starlet's fragrance franchise – Parlux's biggest brand to date – cruises toward a projected $70 million in sales in 2011.