Sales: $1.1 billion
Sales:$1.1 billion. Net income: $37.3 million for the year ended June 30, 2007.
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; Jacobus A.J. Steffens, executive vice president and general manager, international.
Major Products: Fragrances, skin care and color cosmetics sold under such brand names as Elizabeth Arden, Red Door, 5th Avenue, Britney Spears, Hilary Duff, Danielle Steel, Giorgio, Daytona 500, Hummer, PS, Alfred Sung, Badgley Mischka, Bob Mackie, Gant, Halston, Geoffrey Beene, Ceramide, Intervene, Eight Hour Cream and Prevage.
New Products:Fragrances—M by Mariah Carey, Fleurs De Nuit, Wrapped with Love Hilary Duff. Skin care—Ceramide Gold Ultra Restorative Capsules, Prevage Anti-Aging Night Cream, Elizabeth Arden White Glove. To be launched: Alberta Ferretti fragrance (spring, 2009).
Comments:Sales rose 18% to a record high and earnings jumped 18% too. Business was up across all geographies, tiers of distribution and brand portfolios. In particular, North American fragrances and international business contributed to results, while sales of Elizabeth Arden brand skin care and color cosmetics rose 16%. Britney Spears fragrances represented just under 10% of sales, and her line continued to post gains. Sales of Prevage rose 45% last year, with 60% of those sales coming from outside the U.S.
International business accounted for 35% of sales, and the company posted good gains in Asia Pacific and travel retail as well as solid growth in Latin America and the Middle East. Sales in Greater China doubled last year, and the company expects sales will increase 50% this year.
For the nine months ended March 31, 2008, net sales rose 2.3% to $904.8 million and net income increased 9% to $30.3 million. The gain was attributed in part to the launch of M by Mariah Carey.
On June 10, Elizabeth Arden signed an agreement to manufacture, distribute and market the Liz Claiborne fragrance brands. Terms of the exclusive long-term global licensing agreement were not disclosed. Liz Claiborne designs and markets a global portfolio of retail-based premium brands including Juicy Couture and Lucky Brand.