Glenn Nussdorf Discloses 8.1% Stake in Parlux Fragrances (PARL), Approved to Buy More Than 15%
In an 13D filing on Parlux Fragrances Inc. (Nasdaq: PARL), Glenn H. Nussdorf disclosed a 8.1% stake (1.46 million shares) in the company. Recently, Mr. Nussdorf requested that the board approve purchases of more than fifteen percent (15%) of PARL's outstanding shares of common stock. On September 5th the board granted Mr. Nussdorf approval for the purchases.
Glenn Nussdorf with his brother Stephen Nussdorf own 37% of E Com Ventures, Inc. (Nasdaq: ECMV) and together with their sister Arlene Nussdorf, control Model Reorg, Inc.
On September 5th, Parlux issued a press release noting the move by Mr. Nussdorf and the board's approval of his request.