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Parlux in negotiations to sell Perry EllisParlux in negotiations to sell Perry Ellis
Tina Milton
15-Sep-2006
Parlux is in negotiations with Victory International with a view to offloading its Perry Ellis brand. The company issued a letter of intent to sell the fragrance rights to Victory last month
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Victory will pay Parlux a total of up to $140m—$120m for the fragrance rights and up to $20m for inventory. The payment terms include a non-refundable deposit of $1m.
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