Perfumania Holdings, Inc. Initiates Recapitalization
Perfect Corp. (PERF)
US:NASDAQ Investor Relations:
perfumaniaholdings.com/media/investor-news
Company Research
Source: GlobeNewswire
Pre-Packaged Plan of Reorganization Facilitated via Voluntary Chapter 11 Proceeding; Parlux and Five Star Fragrance Not Included in Proceedings No Impact to Customers, Partners and Licensors; No Impairment to Vendors Company to Reduce Retail Store Footprint; Increase Focus on E-commerce BELLPORT, N.Y., Aug. 26, 2017 (GLOBE NEWSWIRE) -- Perfumania Holdings, Inc. (NASDAQ:PERF) (“Perfumania” or the “Company”) a U.S. specialty retailer and distributor of designer fragrances and related beauty products, today announced that it has initiated a recapitalization to be facilitated through a pre-packaged Plan of Reorganization (“the Plan”) to reduce its retail store count to better align with current consumer shopping patterns, increase investments in its e-commerce business, and become a privately-held Company. To effectuate the Plan, the Company, and certain of its subsidiaries, filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the District of De
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