Sales: $1.1 billion. Net income: $19.9 million for the year ended June 30, 2008.
Sales: $1.1 billion
Key Personnel: E. Scott Beattie, chairman, president and chief executive officer; L. Hoy Heise, executive vice president, chief information officer; Michael H. Lombardi, executive vice president, product/package innovation, regulatory and distribution; Oscar E. Marina, executive vice president, general counsel and secretary; Elizabeth Park, executive vice president and general manager, global skin care and color marketing-Arden USA; Ronald L. Rolleston, executive vice president, global fragrance marketing; Joel B. Ronkin, executive vice president and general manager, North America Fragrances; Stephen J. Smith, executive vice president and chief financial officer; Jeffrey M. Arnold, senior vice president, mass selling business unit; Marcey Becker, senior vice president, finance, treasurer and corporate development; Lita Cunningham, senior vice president, global human resources; Smith Chih-Hsin Chen, president, Elizabeth Arden-Greater China; William DuBose, senior vice president, global Wal-Mart/Sam’s Business; Gretchen Goslin, executive vice president, business development; Eli Khouri, senior vice president, business development; Mark Newberry, senior vice president, logistics; Heide Rand, senior vice president, department store fragrance group; Pierre Pirard, senior vice president, operations/global supply chain; Michael Shin, senior vice president, Europe; Tamara Steele, senior vice president, marketing.
|9IX Rocawear from Elizabeth Arden won this year’s FiFi Award for Best Packaging of the Year-Men’s Prestige.|
New Products: Fragrances—Liz Claiborne fragrances (licensing agreement), Viva la Juicy fragrance, Mariah Carey’s Luscious Pink, Pretty Elizabeth Arden, Hidden Fantasy Britney Spears, Elizabeth Arden Green Tea Exotic, 9IX Rocawear, UR. Skin care—Elizabeth Arden Ceramide Plump Perfect Ultra Lift and Firm moisture cream.
Comments: Sales rose 1.2% to more than $1.1 billion. Net income declined less than 3% to $38.1 million. In May 2008, the company announced an exclusive long-term global licensing agreement for the Liz Claiborne fragrance brands, which became effective on June 9, 2008.
According to E. Scott Beattie, the chairman, president and chief executive officer of Elizabeth Arden, the company finished the year in-line with expectations. International sales rose 9.2%, but the North America fragrance business declined 1.5%, largely due to the decline in the U.S. department store business. Arden’s mass retail business was flat year on year, a reflection of the difficult consumer environment.
For the nine months ended March 31, 2009, sales fell 5.2% to $857.7 million.