Kingswood Capital Management Acquires Obsession Holdings, Inc., A Leading Fragrance Retailer

Kingswood Capital Management, LP (together with its affiliates, "Kingswood") announced today that it has acquired Obsession Holdings, Inc. ("Obsession" or the "Company"), one of the largest fragrance retailers in the United States. Kingswood is partnering with industry veterans Frank Mroczka and Bill Aisenberg, who are staying on as Chief Executive Officer and Chief Financial Officer, respectively, and joining Kingswood on the board of directors. The deal represents Kingswood's third specialty retail acquisition since 2020.