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Parlux Fragrances Considers Sale of Company

December 9, 2005

Parlux Fragrances Inc., which markets products such as Perry Ellis and Paris Hilton perfumes, said it is exploring various strategic alternatives, including the possible sale of the company.
The company said it doesn’t expect to disclose developments related to the process unless and until its board has approved a definitive transaction. Parlux Fragrances has retained Citigroup Global Markets Inc. and Oppenheimer & Co. as financial advisers to assist in the effort. The company earned $10.8 million on sales of $100.4 million in fiscal 2005.
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