Fragrance retailer Perfumania Holdings Inc. filed for Chapter 11 bankruptcy and announced plans to close 65 of its 226 stores across the nation, including three in Florida.
A company spokeswoman told the Sun-Sentinel that Perfumania will close a store at the Dadeland Mall in Miami and two others in Vero Beach and Orlando.
Bellport, New York-based Perfumania intends to reorganize with bankruptcy protection from creditors and to focus on electronic commerce operations.
Excluded from the bankruptcy filing is the company’s Fort Lauderdale-based subsidiary Parlux Fragrances, a manufacturer and distributor of perfumes and beauty products.
Parlux last year renewed its lease for 19,072 square feet at Cypress Financial Center, an office building at 5900 North Andrews Avenue in Fort Lauderdale.
Upon emerging from bankruptcy, publicly held Perfumania plans to convert itself to a privately held company and to delist its stock, which is listed on the NASDAQ market under ticker symbol PERF. [Sun-Sentinel] – Mike Seemuth
Source: The Real Deal