As part of the transaction, Falic Fashion Group agreed to purchase all rights, titles, interests, certain intangible assets and inventory of the fragrance business in a cash transaction of approximately $63 million, subject to potential purchase price adjustments for confirmation of inventory levels.
Falic Fashion Group LLC, is a member of the Falic Group of companies, which are involved in the retail sale, manufacture and international distribution of luxury goods.
Falic Fashion Group is a wholly-owned subsidiary of Duty Free Americas Inc, the largest duty free retail store operator in North America. Duty Free Americas operates more than 100 duty free shops located in major international airports such as Miami, New York, Chicago, Boston and Washington, as well as international gateways.
The Falic Group has acquired several brands from LVMH Moet Hennessy Louis Vuitton, including the House of Christian Lacroix (which consists of Haute Couture, ready-to-wear, footwear, accessories, leather goods and fragrances), and the Urban Decay and Hard Candy cosmetics brands.
Perry Ellis International Inc
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