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JEAN PHILIPPE RECEIVES SCHEDULE 13G DISCLOSING HOLDINGS BY GROUP OF FRENCH AFFILIATED INSURANCE COMPANIES AND THE EQUITABLE COMPANIES

 NEW YORK, March 2 /PRNewswire/ -- Jean Philippe Fragrances, Inc. (NASDAQ-NMS: JEAN) announced today that it has received a Schedule 13G filed on behalf of a group of French affiliated insurance companies under the AXA umbrella and the Equitable Companies Incorporated and their subsidiaries. The Schedule 13G discloses holdings aggregating 493,500 shares of the company' common stock or 5.1 percent of the outstanding shares. The Schedule 13G further provides that one of the affiliated companies in this group is Alliance Capital Management, L.P., which has acquired the shares solely for investment purposes on behalf of client discretionary investment advisory accounts.
 Jean Philippe Fragrances produces and distributes fragrances in three markets: domestic and international licensed fragrances and cosmetics, alternative designer fragrances in North and South America and moderately priced fragrances, internationally.
 -0- 3/2/93
 /CONTACT: Russell Greenberg of Jean Philippe Fragrances, Inc., 212-983-2640/


CO: Jean Philippe Fragrances, Inc. ST: New York IN: HOU SU:

TS-SH -- NY055 -- 1935 03/02/93 11:59 EST
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Publication:PR Newswire
Date:Mar 2, 1993
Words:165
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