NVIDIA Acquisition Rumors Dismissed by Morgan Stanley as Strategically Flawed 
Samsung Boosts DRAM Supply to Tesla as AI-Driven Memory Demand Surges 
Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions 
SK Hynix Launches 192GB SOCAMM2 Memory for Nvidia’s Next-Gen AI Chips 
Jeff Bezos Eyes $10 Billion Funding Round for AI Venture Project Prometheus 
John Ternus Signals Apple’s Future with Product-First AI Strategy 
OPmobility Reports Q1 Revenue Dip Amid Automotive Industry Slowdown 
LG Innotek Stock Hits Record High on $68M Automotive Wi-Fi 7 Deal 
How Technology Is Reshaping Modern Business: From Operations to Customer Experience 
Tesla Q1 Earnings Preview: Robotaxi Delays and SpaceX Merger Speculation Grow 
Elon Musk Faces French Probe Over X and Grok Amid Rising U.S.-EU Tensions 
Ethiopian Airlines Expands Fleet with New Boeing 787 Dreamliner Order to Boost Global Routes 
Indian Refiners Use Yuan via ICICI Bank to Pay for Iranian Oil Under U.S. Sanctions Waiver 
Want to cut your energy bills? Here’s how five experts are doing it 
Indonesia and Toyota Explore $300M Bioethanol Investment to Boost Renewable Energy Goals 
SpaceX Eyes $60B Cursor Deal to Boost AI Power Ahead of IPO 
Eli Lilly in Talks to Acquire Kelonia Therapeutics for Over $2 Billion 
BELLPORT, N.Y., May 26, 2017 -- Perfumania Holdings, Inc. (NASDAQ:PERF) (the “Company”), a U.S. specialty retailer and distributor of fragrances and related beauty products, today announced that a special committee of independent directors is considering various alternatives to address the Company’s financial condition. The Company previously announced that it is reviewing and updating its sales strategy in order to improve operating results. The special committee is also considering the Company’s capital structure and has contacted the Nussdorf family, who in the aggregate are the owners of approximately 50% of the Company’s outstanding common stock and the majority of the Company’s debt, to begin discussions over possible alternatives that could result in value to all shareholders.
The Company does not have a defined timeline for the strategic review process, and there can be no assurance that it will result in any strategic alternative being announced or consummated. The Company does not intend to disclose further information regarding this process unless and until its Board of Directors has approved a specific action or otherwise determined that further disclosure is appropriate.
About Perfumania Holdings, Inc.
Perfumania Holdings, Inc. (NASDAQ:PERF) is the largest specialty retailer and distributor of fragrances and related beauty products across the United States. Perfumania has a 30-year history of innovative marketing and sales management, brand development, license sourcing and wholesale distribution making it the premier destination for fragrances and other beauty supplies. For additional information please visit www.perfumaniaholdings.com or contact us at [email protected].
Contact: Perfumania Holdings, Inc. Michael Katz President and Chief Executive Officer (631) 866-4156 JCIR Joseph Jaffoni / Norberto Aja (212) 835-8500 [email protected]
