Arden Books Gains, But Projections Were “Too Optimistic”
This article was originally published in The Rose Sheet
Executive Summary
Elizabeth Arden Inc reports a second-quarter sales increase of nearly 9%, but the firm missed its projections for the holidays. Recent launches from Justin Beiber, Nicki Minaj and Taylor Swift franchises drove sales in the US prestige category.
You may also be interested in...
Rumors Swirl Over Arden Sale, Driving Stock Price Up 27%
Reports that Elizabeth Arden is interested in selling its business – with at least one buyer supposedly interested – has sent the Miramar Fla.-based firm’s stock soaring almost 27% in two days. South Korean firm LG Household & Healthcare is purportedly mulling the purchase, which would give the Seoul-based firm a strong foothold in the North American market.
New Launches Propel Arden In Q1; Restaged Elizabeth Arden Rolling Out
Elizabeth Arden Inc. attributes increased sales in the first quarter to strong fragrance launches. Meanwhile, earnings were impacted as the firm incurred expenses related to the restaging of its flagship Elizabeth Arden brand.
ICCS President Hill On Growing Regulatory Confidence In Alternative Testing Methodologies
In the year since its establishment, the International Collaboration on Cosmetics Safety has worked to engage with regulators as they build frameworks for assessing cosmetic safety without animal tests. ICCS president and CEO Erin Hill discusses current challenges and what lies ahead.