ELLIS TAKES BACK LICENSE: Perry Ellis International Inc. has acquired the Perry Ellis fragrance license from Parlux Fragrances Inc. for $63 million in cash. Parlux had signed a letter of intent in August to sell the Perry Ellis fragrance license to Victory International (USA) LLC for $140 million. Perry Ellis International, however, informed Parlux in October that it did not consent to the proposal. Along with the fragrance license, Perry Ellis International acquired as part of the deal Perry Ellis fragrance inventory and molds, Parlux noted in a statement.
CHARLOTTE RUSSE CFO: Young contemporary retailer Charlotte Russe said that it has started a search for a new chief financial officer after cfo Dan Carter’s announcement that he plans to leave the San Diego-based company by the end of June for the private sector. “The time that I enjoyed the best here was in the early years, when we were preparing the company [to go] from private to public,” Carter said. “I think there are opportunities in my lifetime to do this again.” The company, which operates more than 600 mall-based units, expects to launch at least 50 new stores in fiscal 2007.
WATSON’S WADE RETIRES: Ian Wade has retired after almost 25 years at A.S. Watson Group, Hutchison Whampoa Ltd.’s retailing and manufacturing division, the company announced Tuesday. He was group managing director. Wade’s responsibilities have been transferred to Dominic Lai, who is executive director of Hutchison Whampoa. Lai, who has held the executive director position at Hutchison Whampoa since 2000, was managing director of the company’s Harbour Plaza Hotel Management arm starting in 1998. Lai also had the post of chief operating officer and finance director of A.S. Watson, beginning in 1994.
This story first appeared in the December 13, 2006 issue of WWD. Subscribe Today.