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Arden Gains Over 40% In Quarter As Firm Adds Class To Mass Distribution

This article was originally published in The Rose Sheet

Executive Summary

Propelled by the early 2000 addition of a venerable name to its beauty products portfolio and a business more than doubled in size, Elizabeth Arden, formerly French Fragrances International, added 41% to its stock price in the first quarter.

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Elizabeth Arden Predicting Sales Of $840 Mil.-$870 Mil. In FY 2002

Elizabeth Arden expects to generate sales in the $840 mil.-$870 mil. range in fiscal 2002 (ending Jan. 31, 2002), the first full year of sales for the FFI and Arden businesses combined. The acquisition of the Arden business was completed by FFI Jan. 23, prompting the company to adopt its new name.

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