French Fragrances to pay more than $18 mil. for FMG -- registration statement.
This article was originally published in The Rose Sheet
Executive Summary
FRENCH FRAGRANCES' PAYING MORE THAN $18 MIL. IN CASH FOR FMG, plus stock options, according to a registration statement for a secondary offering filed by French Fragrances on May 3. The fragrance distributor and marketer announced its intent to acquire certain assets of Fragrance Marketing Group (FMG) on April 29 ("The Rose Sheet" May 6, In Brief). FMG revenues totaled $19.4 mil. in 1995, the prospectus states.