Parlux
This article was originally published in The Rose Sheet
Executive Summary
Continued rollout of Paris fragrance for women and initial shipments of Guess? women's scent helped boost first quarter sales 47% to $33.8 mil., firm reports Aug. 8. Parlux launched Paris Hilton's first scent last fall, while Guess? debuted last month (1"The Rose Sheet" July 25, 2005, p. 4). Net income soared 72% to $3.81 mil., according to Parlux. Fiscal year 2006 net sales are forecast at $190 mil.-$210 mil., company says. Parlux' significant growth could make the company an attractive acquisition target; the firm recently announced it was considering a sale as one way to enhance shareholder value (2"The Rose Sheet" July 18, 2005, In Brief)...