Perfumania to acquire Parlux in $170 million deal

Bellport, N.Y. -- Perfume and fragrance retailer Perfumania Holdings Inc. announced Friday that it will acquire Parlux Fragrances Inc. in a deal valued at $170 million.



Parlux, based in Ft. Lauderdale, Fla., manufactures and distributes fragrances and beauty products, and is one of Perfumania's largest trading partners.



"Parlux brings a wealth of products and expertise as a licensee, manufacturer and international distributor," said Mike Katz, CEO, Perfumania.



The deal is expected to close in the first half of 2012.