PERFUMANIA.COM . . PRFM . . .FOR LONGS ONLY Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : PERFUMANIA.COM . . PRFM . . .FOR LONGS ONLY

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Angelo who wrote (2264)	3/15/1999 10:48:00 PM
From: AllenP	Read Replies (1) of 2489

Monday March 15, 2:50 pm Eastern Time Perfumania mulls sale, IPO for Web store MIAMI, March 15 (Reuters) - Perfume chain Perfumania Inc. said Monday its board authorized it to retain an investment banking firm to explore options, including a partial sale or spin-off, for its Web store (www.perfumania.com). ''Having established Perfumania.com as a premier Web store in the fragrance industry, we want to investigate alternatives that will further enhance Perfumania's shareholder value,'' said Ilia Lekach, chairman and chief executive officer, in a statement. ''Our goal is to look at every option available to us for Perfumania.com, including a partial sale or spin-off of this valuable property.'' Company officials were not immediately available to provide further detail. Perfumania shares were trading up 1/32 at 4-1/16 on the Nasdaq in the afternoon. The stock has a 12-month high of 13-15/16 and a 12-month low of 13/32.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next