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Elizabeth Arden Acquires Riviera Brand Portfolio

September 8, 2006

Elizabeth Arden acquired the brand licenses and certain assets of Riviera Concepts, Inc., a Toronto company that produces designer fragrances such as Badgley Mischka, Cynthia Rowley and Nanette Lepore. During the transition period, Riviera Concepts executives will stay on board, although Adrian Ellis, president of Riviera, is expected to leave once the takeover is complete. Financial terms of the agreement were not disclosed.

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