SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Instagram Outage Disrupts Thousands of U.S. Users 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
BELLPORT, N.Y., Aug. 24, 2016 -- Perfumania Holdings, Inc. (NASDAQ:PERF), (“Perfumania” or "the Company") a U.S. specialty retailer and distributor of fragrances and related beauty products, today announced the appointment of Neal Montany as Chief Operating Officer of the Company effective August 29, 2016.
Mr. Montany’s career in operations management spans over three decades, including senior management positions at United Technologies Corporation and International Aero Engines. Most recently, Mr. Montany served as VP/GM of GKN Aerospace in New York with full P&L and site responsibility. Under his leadership, he spearheaded the restructuring of the business, including various initiatives to enhance operating efficiencies and generate new revenue sources, resulting in increased sales and profit. Mr. Montany holds a B.S. in Mechanical & Materials Engineering from the University of Connecticut and an MBA from Boston University School of Management.
As Chief Operating Officer, Mr. Montany will oversee the Company's operations including Information Technology and Business Transformation, Manufacturing, Warehousing and Facilities, Logistics and Transportation, Loss Prevention, Purchasing and Human Resources. He will report directly to Stephen Nussdorf, Executive Chairman of the Board and Michael Katz, President and Chief Executive Officer. Mr. Montany will also be an officer of the Company.
Commenting on the appointment, Stephen Nussdorf said, “Neal brings an impressive background in operations management to his new role. He is a highly-respected leader with a proven track record of strategic, operational and commercial accomplishments and driving operational efficiencies that increase profit and productivity. Neal’s extensive industry expertise will be a valuable asset as we execute on our various growth initiatives. We are excited to welcome Neal to Perfumania’s management team and look forward to his contributions as we continue to work to optimize our retail and distribution footprint.”
About Perfumania Holdings, Inc.
Perfumania Holdings, Inc. (NASDAQ:PERF) is the largest specialty retailer and distributor of fragrances and related beauty products across the United States. Perfumania has a 30 year history of innovative marketing and sales management, brand development, license sourcing and wholesale distribution making it the premier destination for fragrances and other beauty supplies. As of April 30, 2016 the Company operated 303 corporate-owned retail stores as well as e-commerce, specializing in the sale of fragrances and related products across the United States, Puerto Rico, and the U.S. Virgin Islands. The Company also operates a wholesale distribution network. For additional information please visit www.perfumaniaholdings.com or contact us at [email protected].
Contact: Perfumania Holdings, Inc. Donna Dellomo VP & Chief Financial Officer (631) 866-4157 JCIR Joseph Jaffoni / Norberto Aja / Nicole Briguet (212) 835-8500 [email protected]
