Parlux Fragrances has signed an unprecedented licensing deal that will see the earnings of stars Rihanna and Kanye West tied to the company share price.
Fragrance maker Parlux appears to be benefiting from a
renewed focus, restructuring and a compensation charge
- factors that have all led to a significant
reduction in losses for the third quarter.
The rocky path taken by Parlux Fragrances in recent months may be
coming to an end, after the company announced that it had sacked
CEO Illia Lekach, replacing him with an interim director.
Parlux stakeholder Glenn Nussdorf is positioning himself to buy-out
the troubled fragrance company, a move that current executive board
members are strongly opposing.
Parlux Fragrances has announced the decision to sell the Perry
Ellis Fragrance brand back to its namesake, Perry Ellis
International clothing (PEI), a move which follows previous
attempts to sell the fragrance brand in a bid to generate...
Glenn Nussdorf, who has a 10.5 per cent stake in troubled fragrance
player Parlux, has made an SEC filing stating his intentions to
acquire a controlling stake in the company as a business
combination transaction to prevent it from...
Parlux Fragrances has confirmed that its number one licensed
fragrance brand is not up for sale. The news came following a
decision made by Perry Ellis International (PEI) that it would not
give its consent to the sale.
Parlux Fragrances says it has received a request from a shareholder
for approval to increase ownership in the company, the latest turn
in a series of events that has seen the company's share tumble more
than six-fold in the space...
Shareholders are demonstrating their dislike of the recent action
taken by Parlux Fragrance executive by filing a succession of
lawsuits claiming that company insiders had misled shareholders by
issuing misleading statements.
Parlux Fragrances looks to have struck gold with its crop of
celebrity and designer fragrances licenses and is expecting to
report an impressive 74 percent increase revenue for Q2 compared
with last year.
US international fragrance company Parlux has announced that it is
considering a number of strategic alternatives in an effort to
boost shareholder value. The company says that this does not
exclude the sale of the company, reports...
Parlux Fragrances is extending the launch of its Paris Hilton
fragrance in Europe. The fragrance is being launched tomorrow in
France and at the beginning of next week in the UK, following its
big success in the US, and is a sign...
