Perfumania Holdings Inc. rose the most in almost nine months, after filing for bankruptcy over the weekend, the latest in a string of retail chains that have struggled as Americans turn away from malls in favor of online shopping (In re Model Reorg Acquisition LLC, Bankr. D. Del., 17-11794, petition filed).
Shares of the company shot up as much as 46 percent to $1.94 in New York Aug. 28. They had declined 11 percent this year through Aug. 25.
While equity of Perfumania is expected to be canceled, current investors will be able to receive $2 a share ...
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