PARLUX INKS LICENSE DEAL WITH GENESIS

FORT LAUDERDALE — Parlux Fragrances Inc. reached an agreement this week to license the fragrance rights for the Bal a Versailles and Jean Desprez brands to Genesis International Marketing Corp.
Genesis, a privately held South Florida-based fragrance distributor, will immediately assume operational control of all the Bal a Versailles and Jean Desprez fragrance products that are currently distributed in the U.S. through specialty and department stores as well as internationally in selective markets.
“The licensing of BAV [Bal a Versailles and Jean Desprez businesses] completes Parlux’s transition out of its low-volume brands, allowing us to focus on our stronger, high-profile brands,” said Ilia Lekach, chairman and chief executive officer of Parlux. “Parlux will immediately begin to actively pursue new growth opportunities within the fragrance industry.”
Parlux Fragrances Inc. is a manufacturer and international distributor of fragrances and related beauty products. Parlux holds the licenses to manufacture and distribute the designer fragrance brands of Perry Ellis, Fred Hayman Beverly Hills and Baryshnikov. The company also owns, manufactures and distributes three of its own fragrance brands, including Animale Parfums.

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