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Rhône Capital takes stake in beauty giant impacted by big declines in celebrity scents.
August 19, 2014
By: Christine Esposito
Editor-in-Chief
Greater than anticipated declines in celebrity fragrances has hurt Elizabeth Arden, Inc., which today announced that net sales for the fiscal year ended June 30, 2014 fell 13.4% $1.164 billion. The global beauty giant also announced that Rhône Capital has taken an equity stake in its company. While the company had expected weaker sales comparisons due to the lower level of fragrance launch activity in fiscal 2014 versus fiscal 2013, the decline in sales of celebrity fragrances, particularly ...
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