Parlux Fragrance works on strategies to enhance shareholder values
12 Jul '05
1 min read
Leading prestige fragrances manufacturer & international distributor Parlux Fragrances Inc announced it is exploring various strategic alternatives to enhance shareholder value, including the possible sale of the Company. The Company stated that there could be no assurance that this process will result in any specific transaction.
The Company also stated that it does not expect to disclose developments with respect to the exploration of strategic alternatives unless and until its Board of Directors has approved a definitive transaction. Parlux Fragrances Inc has retained Citigroup Global Markets Inc and Oppenheimer & Co as its financial advisors to assist in this effort.
Parlux Fragrances Inc holds the licenses to manufacture and distribute the designer fragrance brands of Perry Ellis, Paris Hilton, GUESS?, XOXO, Ocean Pacific (OP), Maria Sharapova, Andy Roddick, babyGund, and Fred Hayman Beverly Hills. Parlux also recently signed licenses to manufacture and distribute Paris Hilton watches, cosmetics and handbags and other small leather accessories.
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