Elizabeth Arden
This article was originally published in The Rose Sheet
Executive Summary
The acquisition of Livonia, Michigan-based prestige fragrance distributor Sovereign Sales will provide Arden with increased marketing share in the North American mass retail channel and allow the company to better leverage its sales and distribution structure, firm reports during Aug. 17 fourth quarter (ended June 30) earnings call. The acquisition was completed Aug. 11 and was financed with free cash flow and borrowings under an expanded bank credit facility. Arden recently acquired fragrance brand licenses from Canadian firm Riviera Concepts (1"The Rose Sheet" July 10, 2006, In Brief). The acquired businesses are expected to contribute to double-digit increases in sales this year. Fiscal year 2007 earnings per share will be in the range of $1.10-$1.20. Net sales for FY 2006 increased 3.7% to $954.6 mil., with net earnings fell 12.5% to $34.2 mil., excluding pre-tax charges. The Federated/May department store merger and inventory reduction initiatives led by mass retailers had a negative impact on sales and operating margins in FY 2006, firm notes...
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Finance In Brief
Elizabeth Arden Q3: Sales of recently launched Elizabeth Arden Mediterranean and of With Love...Hilary Duff and double- digit growth of Elizabeth Arden skin care and cosmetics drove revenue up 14.6% to $219.2 mil. in the third quarter (ended March 31), Arden reports May 3. Sales of prestige fragrances to mass retail customers also contributed appreciably to the company's performance; Arden's U.S. mass retail business rose 26%, "well ahead" of category growth, firm says. Growth in Asia Pacific and the travel retail markets helped push international sales up more than 10%. During the third quarter, Arden completed its integration of Sovereign Sales, acquired last year (1"The Rose Sheet" Aug. 21, 2006, In Brief). Firm anticipates that "a strong pipeline" of new mass fragrance brands for the U.S. market will drive 2007 sales up 15% to 18% over the prior year to $954.6 mil...
Arden
Elizabeth Arden has acquired the fragrance brand licenses and certain assets of Toronto, Canada-based firm Riviera Concepts, Arden announces July 5. Under the terms of the agreement, Arden acquired the Alfred Sung brand portfolio,which includes SUNG Alfred Sung, SHI Alfred Sung and JEWEL Alfred Sung, the designer fragrance brands of Nanette Lepore, Cynthia Rowley, Lulu Guinness and Bob Mackie, as well as HUMMER Fragrance for Men under a licensing agreement with General Motors Corporation. In addition, Elizabeth Arden also purchased the rights to the Badgley Mischka fragrance line, which will debut in North America this fall (1"The Rose Sheet" March 13, 2006, p. 10). Going forward, Arden will focus on "building these brands on a more global basis," the firm says. Riviera Concepts notes Arden offers the licenses a "tremendous opportunity" for growth. "Each brand will benefit from their global infrastructure, sales, marketing and distribution capabilities," firm adds. The fragrances are sold in department stores in the U.S. and Canada including Bloomingdale's, Macy's and Lord & Taylor...
Cosmetic And Personal Care Trademark Review: 16 April
Personal care and cosmetic product trademark filings compiled from the Official Gazette of the US Patent and Trademark Office, Class 3.