Tuesday, October 10, 2017

Perfumania’s bankruptcy plan gets court approval

Perfumania Holdings received legal approval to move forward with its reorganization strategy.

The nation’s largest discount retailer of perfumes and specialty celebrity and designer fragrances filed for Chapter 11 bankruptcy protection in late August, with a goal of moving its business forward. The retailer filed with a prepackaged plan in hand that outlined the steps needed to revise its business model — a strategy that would rework $200 million in debt.. . . more

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