Short Take: Perfumania considers Web spinoff

Discount perfume retailer Perfumania said today it will retain an investment bank to examine the possibility of an IPO of its Web operation. CEO Ilia Lekach said the company wants to "further enhance Perfumania's shareholder value," which may include a partial sale of spinoff of the site. The company has 287 brick-and-mortar stores in the United States and $180 million in sales last year.

Jan. 2, 2002 4:43 p.m. PT

Discount perfume retailer said today it will retain an investment bank to examine the possibility of an IPO of its Web operation. CEO Ilia Lekach said the company wants to "further enhance Perfumania's shareholder value," which may include a partial sale of spinoff of the site. The company has 287 brick-and-mortar stores in the United States and $180 million in sales last year.