Parlux Fragrances Inc. (PARL) announced late Friday afternoon that it agreed to be acquired by Perfumania Holdings Inc. (PERF) for approximately $170 million.
Parlux Fragrances gapped open sharply higher Tuesday, but traded in a narrow range throughout the session. Shares finished up by 2.47 at $5.94 on the highest volume of the year. The stock jumped to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.