Perfumania Holdings Inc., a U.S. retailer with exclusive distribution rights to several Trump-branded colognes, has hired advisers to explore strategic alternatives, including a debt restructuring, Reuters reported on Friday. The move comes as Perfumania, a major U.S. fragrance retailer, looks to address its debt pile amid declining traffic at malls. The Bellport, N.Y.-based company is working with legal and financial advisers to explore options, including addressing its capital structure, according to the sources. Perfumania recorded debt of approximately $164 million at Oct. 29 and $2.1 million in cash and cash equivalents. The company also plans to negotiate with landlords to exit some of its 313 standalone Perfumania shops in the U.S.
