Perfumania to Acquire Parlux Fragrances in $170M Deal

Perfume and fragrance retailer Perfumania announced Dec. 23 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.