Consumer and Retail Industry Update January 2012 Member FINRA/SIPC www.harriswilliams.com Consumer and Retail Industry Update January 2012 What We’ve Been Reading • Reuters reports that retail sales should improve in 2012 but at a slower rate than last year. “The National Retail Federation projected sales would rise 3.4 percent this year, down from 4.7 percent growth in 2011...” Read the article here. • SkinMedica, Inc., the fastest growing professional skin care company in the U.S., acquired Colorescience, a science-based mineral makeup company in a merger transaction on January 9, 2012 from VMG Partners for an undisclosed amount. Read the announcement here. • Texas-based Fossil, Inc. announced that it has entered into an agreement to acquire Skagen Designs, Ltd. and certain international affiliates for approximately $335 million and 150,000 shares of Fossil, Inc. common stock. Read the announcement here. • Perfume and fragrance retailer Perfumania will acquire Parlux Fragrances, a manufacturer and distributor of fragrances and beauty products, for $170 million. The transaction is expected to close in the first half of 2012. Read the announcement here. Contacts Richmond Boston Cleveland London Minneapolis Philadelphia San Francisco Phone: +1 (804) 648-0072 Phone: +1 (617) 482-7501 Phone: +1 (216) 222-9870 Phone: +44 203 170 8838 Phone: +1 (612) 359-2700 Phone: +1 (267) 675-5900 Phone: +1 (415) 288-4260 Fax: +1 (804) 648-0073 Fax: +1 (617) 482-7503 Fax: +1 (216) 222-0158 Fax: +44 207 681 1907 Fax: +1 (612) 359-2701 Fax: +1 (267) 675-5901 Fax: +1 (415) 288-4269 For more information regarding our consumer experience, please contact Glenn Gurtcheff (
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