TITLE

Perry Ellis International Sells Fragrance Portfolio for $63M

AUTHOR(S)
Evans, Matthew W.
PUB. DATE
January 2007
SOURCE
WWD: Women's Wear Daily;1/30/2007, Vol. 193 Issue 21, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article deals with the decision of Perry Ellis International to sell its fragrance inventory and related assets to Falic Fashion Group LLC. Falic has also taken over the worldwide license to manufacture perfumes, fragrances, lotions, toiletries and cosmetics under the Perry Ellis brand. Expecting the sale of its fragrance business to be accretive to earnings, Perry Ellis raised its 2008 profit guidance by 9 cents per share, and expects earnings to be within the $1.80 to $1.84 range, per fully diluted share.
ACCESSION #
23978141

 

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