By  on January 12, 1994

NEW YORK — Plans to merge Revlon’s Prestige Fragrance & Cosmetics subsidiary into Perfumania Inc. have been dropped. Instead, the companies are considering the sale of Perfumania’s retail business to Revlon Consumer Products Corp.

Ilia Lekach, chairman and chief executive officer of the Miami-based Perfumania, said, “On a personal basis, I was not happy with the Wall Street reaction [to the proposed merger].”

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