Model Reorg Acquisition, LLC, along with eighteen of its subsidiaries and affiliates, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 17-11794).  The Debtors, based in Belleport, NY, collectively comprise the largest specialty retailer and distributor of fragrances and related beauty products in the United States and primarily operate under the brand “Perfumania.”  According to a press release issued by Perfumania Holdings, Inc. (NASDAQ: PERF), the Debtors plan to undergo a recapitalization through the Chapter 11 process and emerge as a privately-held company.  The First Day Declaration explains that the Debtors enter Chapter 11 with a prepackaged plan of reorganization and debtor in possession financing.  Epiq Bankruptcy Solutions is the proposed claims and noticing agent.  The case has been assigned to the Honorable Christopher S. Sontchi.

Contact Norman L. Pernick and Nicholas J. Brannick for more information.