Kingswood Capital, a private equity firm, completed the acquisition of Obsession, a fragrance retailer. Financial terms were not disclosed. "We believe Obsession will continue to benefit from the positive tailwinds in the fragrance market and we are excited about partnering with the company to accelerate its growth. The management team has done an excellent job expanding the product offering and developing a best-in-class in-store experience and we look forward to helping deliver even more value to customers through further proprietary product development, new store openings, and ecommerce expansion, as well as continuing to execute upon the management team's ongoing operational initiatives," Michael Niegsch, Kingswood Partner.